SpaceX IPO and Optimism Over Middle East Situation Drive U.S. Stock Index Futures Higher

Odaily Planet Daily News On Friday, U.S. stock index futures rose before the stock market opened, mainly driven by optimism over the upcoming listing of SpaceX. Additionally, expectations of a possible 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 commencing at 10:00 AM.

Pre-IPO derivatives trading indicated 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 that stock index futures prices are climbing because "it's a combination of factors, including softer oil prices, the SpaceX frenzy, and the fact that the market is still built on strong earnings." Regarding SpaceX, he noted that "demand has clearly surged to its peak." (Jin Shi)