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U.S. stock futures rose ahead of the market open as the ceasefire agreement remained in effect despite sporadic conflicts in the Strait of Hormuz, according to Trump.
U.S. stock futures edged higher before the market opened on Friday as investors monitored developments in the Middle East conflict. The United States and Iran exchanged fire in the Strait of Hormuz, but President Donald Trump stated that the ceasefire agreement remained in effect. Dow Jones Industrial Average futures rose 0.3%, S&P 500 futures climbed 0.5%, and Nasdaq futures gained 0.7%. Both the U.S. and Iran accused each other of initiating the attack in the Strait of Hormuz. In a post on Truth Social, Trump stated that the three destroyers had not been damaged, while Iranian vessels suffered 'significant damage.' He also noted that if Iran does not sign an agreement promptly, it will face consequences in the future.
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