Futures are doing the anxious little shuffle
U.S. stock index futures were little changed on Friday after Wall Street ended the prior session at fresh record highs. So instead of a victory lap, investors are getting the market equivalent of refreshing your inbox every 30 seconds.
The real headline: geopolitics, not earnings
The bigger story is the ceasefire chatter. Reports said Washington and Tehran had agreed to extend the truce, but there’s a catch — it still needs President Donald Trump’s approval. That means traders are stuck in classic headline limbo: enough optimism to keep risk assets afloat, not enough certainty to make anyone go all-in.
Why investors should care
When the market is already flying near the ceiling, a geopolitical pause can matter a lot. A confirmed ceasefire extension could keep oil, defense, and broader risk sentiment calm; a snag in the deal could do the opposite and send nerves back through the tape.
Big picture: the market loves a good record high, but it loves a clean narrative even more. Right now, it’s getting neither — just another day of waiting for Washington to stop making everyone guess.