US stock futures rise as Trump gives time for diplomacy with Iran
President Trump to make decision on Iran within two weeks
President Donald Trump says he will make a decision on striking Iran within two weeks as he waits on possible negotiations, the White House says.
U.S. stock futures edge up after President Donald Trump said he’s mulling whether to join Israel in its attack on Iran.
He will decide within two weeks on striking Iran, according to White House spokeswoman Karoline Leavitt. He will give diplomacy some time, though Iran has said it won’t negotiate with the U.S. unless Israel stops attacking.
The only way to end the imposed war is to “unconditionally stop” the enemy’s aggression, Iranian President Masoud Pezeshkian said Friday in a post on X.
Still, senior U.S. officials have been preparing for the possibility of a strike on Iran, with some pointing to potential plans for a weekend strike, according to Bloomberg, citing people familiar with the matter.
The elevated tensions initially pushed oil prices up and stocks lower. But by 8 a.m. ET, stock futures and oil prices reversed courses. Futures linked to the blue-chip Dow index rose 0.15%, or 63 points, to 42,575; broad S&P 500 futures added 0.14%, or 8.5 points, to 6,042.75; and tech-heavy Nasdaq futures gained 0.16%, or 35.75 points, to21,981.00. Oil prices fell 0.29% to $74.92.
The benchmark 10- year yield rose to 4.435%.
Trump vs Powell (again)
Trump again criticized Federal Reserve Chairman Jerome Powell after the Federal Reserve rates unchanged this week.
Trump labeled Powell as “destructive” in a social media post and said Powell is costing the United States “hundreds of billions of dollars” by leaving rates steady.
Corporate news
- CarMax’s results in the first three months of its fiscal year topped analysts’ forecasts.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
