Oil prices fell and markets inched higher before the opening bell Friday, adding to records a day earlier on optimism over a tentative deal to extend the ceasefire in the war with Iran.
Futures for the S&P 500 ticked up 0.1% a day after hitting another record, while futures for the Dow Jones Industrial Average rose 0.3%. Futures for the Nasdaq, which also hit an all-time high Thursday, were effectively flat.
Dell Technologies soared 33% overnight after the computer and IT giant obliterated Wall Street’s first-quarter sales and profit forecasts. Dell posted sales of nearly $44 billion in the period — about $8 billion more than analysts were expecting — and also raised its guidance for the full year.
The Pentagon also announced Thursday that it has awarded Dell with a five-year, $9.7 billion contract to streamline its use of Microsoft products and services.
In the retail sector, Gap tumbled 15% after it nudged past first quarter profit targets but cut its full-year sales guidance.On Thursday, negotiators from the US and Iran reached a tentative deal on extending their ceasefire by 60 days and holding a new round of talks on Iran’s nuclear program, a US official said. Iran had not yet publicly confirmed the deal and the tentative agreement was still pending US President Donald Trump’s sign off.
