SpaceX IPO and optimism over Middle East situation push U.S. stock index futures higher

Odaily reported on Friday that U.S. stock index futures rose ahead of the stock market open, mainly driven by optimism over SpaceX's upcoming listing. Additionally, expectations of a potential temporary peace agreement in the Iran conflict also boosted market sentiment. Nasdaq stated that SpaceX will be listed on the Nasdaq at 9:50 AM Eastern Time, with trading set to begin at 10:00 AM.

Pre-IPO derivatives trading indicates that, as retail investors flock in, the stock is expected to rise between 30% and 50%. Todd Sohn, Chief ETF Strategist at Strategas Securities, said stock index futures prices are rising because "it's a mix of factors, including softer oil prices, the SpaceX frenzy, and the market still being built on strong earnings." Regarding SpaceX, he added that "demand has clearly surged to a peak." (Jin Shi)