5 Things to Know Before the Stock Market Opens

• Dow and S&P 500 futures up 0.5%, Nasdaq futures up 0.7%; WTI crude rose 1% to $90.50/barrel and bitcoin hit $78,300, its highest level in over two months
• Tesla reports earnings after market close as investors assess its pivot from EV sales to robotaxis, humanoid robots, and semiconductor manufacturing
• SpaceX secured rights to either pay Cursor $10 billion or acquire the AI coding startup for $60 billion, more than double its $29 billion November valuation

Market Summary: Stock Futures Rise Amid Geopolitical Developments and Earnings Season

Market Performance:

Stock futures climbed after two consecutive days of losses. Dow Jones and S&P 500 futures rose 0.5%, while Nasdaq futures gained 0.7%. WTI crude oil increased 1% to $90.50 per barrel, gold futures advanced 1% to $4,770/ounce, and Bitcoin reached $78,300—its highest level in over two months. The 10-year Treasury yield declined to 4.28%.

Geopolitical Developments:

President Trump announced an indefinite extension of the Iran ceasefire, originally set to expire, allowing time for Iranian officials to submit peace proposals. The decision followed Pakistani mediation efforts and postponement of VP J.D. Vance's planned talks. However, Iran's Revolutionary Guard attacked multiple ships in the Strait of Hormuz, introducing fresh uncertainty to the ceasefire.

Key Corporate News:

Tesla reports earnings after today's close—the first Magnificent Seven company to report this season. Analysts expect rising revenue and profits despite deliveries falling short of expectations. CEO Elon Musk continues pivoting the company toward robotaxis, humanoid robots, and semiconductor manufacturing.

SpaceX announced a partnership with AI coding startup Cursor, with options to either pay $10 billion for collaborative work or acquire the company for $60 billion. Cursor was last valued at $29 billion in November.

Morning Earnings:

• GE Vernova beat estimates and raised full-year guidance, driven by data center power generation demand
• AT&T exceeded expectations, benefiting from customers bundling multiple services
• Boeing topped forecasts with higher sales and a smaller-than-expected loss

The market shows cautious optimism balancing earnings strength against ongoing geopolitical risks.