Premarket
- S&P 500SPY
- +0.33%
- at 769.81
- Nasdaq 100QQQ
- n/a
- No premarket print
- DowDIA
- +0.36%
- at 514.55
- Russell 2000IWM
- n/a
- No premarket print
IEX premarket price against the prior close.
Futures rise on optimism over Iran's offer to reopen the Strait of Hormuz
Tone
The S&P 500 closed down 0.08% yesterday and the Dow fell 0.34%. The Nasdaq 100 and Russell 2000 were close to flat. Premarket, the S&P 500 and Dow are up about a third of a percent. Nasdaq 100 and Russell 2000 premarket prices are not in yet. The S&P 500's structure score is 88 out of 100, labeled bullish: the uptrend is intact and the index sits near the top of its recent range, a stronger signal than yesterday's dip.
Futures are rising on optimism after Iran offered to reopen the Strait of Hormuz. Reuters reports the Fed plans to raise bank oversight thresholds. Meta's Muse AI agent drove an 11% jump in the stock, and Piper Sandler raised its price target. Meta is a heavyweight in the Nasdaq 100.
Today's calendar shows no economic releases. Earnings are light: Tamboran Resources reports before the open, Inventiva after the close.
Structure
Bullish88/100
Describes where SPY stands now. Not a forecast.
- SPY above its 20-day average+25
- 20-day average above the 50-day+25
- In the upper third of its 20-day range+17.19
- IEX premarket +0.3% vs prior close+20.71
News
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Today
Key levels
| Level | S&P 500SPY | Nasdaq 100QQQ | DowDIA | Russell 2000IWM |
|---|---|---|---|---|
| Prior close | 767.29 | 741.09 | 512.70 | 281.65 |
| Prior high | 768.94 | 742.63 | 513.95 | 282.22 |
| Prior low | 763.25 | 734.66 | 510.56 | 279.05 |
| 5-day high | 775.12 | 748.31 | 522.36 | 288.91 |
| 5-day low | 757.98 | 715.19 | 510.56 | 279.05 |
| IEX premarket | 769.81 | n/a | 514.55 | n/a |
Informational only. Not financial advice or a trade signal.