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Market update Score 85 Cautiously optimistic

Nasdaq Futures Rise Amid Geopolitical Tensions and Strong Jobs Data

Apr 06, 2026 12:19 UTC
CL=F, ^VIX, XOM
Immediate term

Investors are cautiously optimistic as Nasdaq futures climb following a jobs report that exceeded expectations and amid ongoing concerns over oil price swings and Middle East tensions.

  • Nasdaq futures rose 0.4% as investors show renewed interest in growth stocks.
  • The U.S. added 178,000 jobs in March, with the unemployment rate dropping to 4.3%.
  • Trump set a deadline for Iran to reopen the Strait of Hormuz, heightening geopolitical tensions.
  • Iraq received permission from Iran for oil tankers to pass through the Strait of Hormuz.
  • Brent crude fell 1.6% to $107, and West Texas Intermediate dropped 2% to $109.
  • Investors are awaiting the ISM services report for further economic insights.

Stock markets are poised for a slightly positive open, with Nasdaq futures rising as investors balance geopolitical risks, economic data, and corporate news. The Nasdaq 100 futures climbed nearly 0.4%, signaling renewed interest in growth stocks, while S&P 500 futures edged up 0.1%. The Dow Jones Industrial Average futures remained nearly flat, reflecting a more cautious stance for blue-chip stocks. The market's focus is on the Middle East, where former President Donald Trump has set a deadline for Iran to reopen the Strait of Hormuz, raising concerns about potential disruptions to oil supplies and military tensions. Iraq recently announced that it has received permission from Iran for its oil tankers to pass through the critical shipping route, offering a glimmer of hope for de-escalation. Meanwhile, the U.S. labor market showed resilience, with March adding 178,000 jobs and the unemployment rate dropping to 4.3%, surpassing expectations. This data reinforces the strength of the economy, though investors are now turning their attention to the upcoming ISM services report for further insights. Oil prices, which initially spiked due to geopolitical worries, have since retreated. Brent crude fell 1.6% to approximately $107 per barrel, while West Texas Intermediate dropped about 2% to near $109. Analysts suggest the market is in a state of uncertainty, with investors closely monitoring developments from the region and Trump's scheduled remarks later in the day.

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