US stock futures inched higher Friday, while crude prices slipped, as traders monitored the conflict in the Middle East and the fragile ceasefire between Iran and the U.S.

S&P 500 index(SPX.US) futures and NASDAQ-100(NDX.US) futures rose 0.1%. Futures tied to the Dow Jones Industrial Average(DJI.US) were up 81 points, or 0.2%.

West Texas Intermediate futures lost more than 2% to trade at $86.89 per barrel. Brent crude dropped 2% as well to $91.80. The moves come after Iran’s armed forces reportedly launched missiles late Thursday, while President Donald Trump mulled over a potential ceasefire extension.

Stocks are coming off a record-setting session after the U.S. and Iran agreed to Iranian negotiators agreed on a 60-day memorandum of understanding to extend the ceasefire.

However, Kate Moore, chief investment officer at Citi Wealth, believes that the market’s rally to new heights may continue to be dictated more by strong earnings growth versus headlines about any Middle East tensions.

“I think a lot of the snapback we saw since the lows in March was this acceptance that there was going to be a resolution at some point, but obviously the scope of that and the timing of that is still anybody’s guess,” she said on CNBC’s “Closing Bell: Overtime” on Thursday afternoon. “I really do think what’s been driving the market higher is, frankly, the power of the technology earnings … this has been happening company after company throughout the course of this earnings season.”

As of 03:54 PM Riyadh Time, top pre-market movements are as follows:

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AI Memory Chips Overtake Oil's Value

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Blue Origin Rocket Explodes

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Vance Non-Committal On Iran Deal

US Vice President JD Vance says it is too early to judge if an agreement with Iran can be reached.

NY Fed Prez: Policy Ready For Iran War

New York Federal Reserve President John Williams said current monetary policy is well-positioned to handle economic impacts of a war with Iran.

AI Won't Cut Inflation: Fed's Musallem

Fed official Musallem says AI can't be expected to lower inflation, contradicting Chairman Warsh's view. St. Louis Federal Reserve Bank President stated AI productivity surge won't ease high inflation.

Trump Eyes Stakes In US Drone Makers

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Tesla Retakes Global BEV Lead

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Sidus Space's US$100M Raise Fuels Growth

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Intel Challenges AMD In Handhelds

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Datavault AI, Perpetuals Launch Token Platform

Datavault AI(DVLT.US) and Perpetuals signed for US$328M+ tokenized commodity programs, targeting US$38M in fees. Read in detail>>

Infineon joins Nvidia for 800V AI racks

Infineon partners with NVIDIA Corporation(NVDA.US) to develop 800 VDC power delivery for AI server racks, boosting density and efficiency. Read in detail>>

Lucid Recalls 2,039 EVs

Lucid(LCID.US) recalls 2024-2025 Air vehicles due to inverter defect causing power loss, will replace parts free via software update. Read in detail>>

CoreWeave Director Sells US$58M in Stock

CoreWeave(CRWV.US) director Jack D. Cogen sold 1,078,776 shares at US$106.54-$109.02 on May 26. Read in detail>>

AI Server Buying Frenzy Like Toilet Paper Rush

Dell Technologies, Inc. Class C(DELL.US) exec says firms secure capacity now to avoid future shortages and rising prices. Read in detail>>

Oil Giants Warn of Crude Inventory Drop.

Exxon Mobil Corporation(XOM.US) predicts crude inventories hitting historic lows in weeks, lifting oil prices and curbing demand.

Dell's historic AI-driven blowout

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Dell Raises Revenue and EPS Guidance

Dell Technologies, Inc. Class C(DELL.US) raised its full-year guidance after record Q1 revenue of US$43.8B, driven by strong AI and server demand. Read in detail>>

Salesforce Posts Record Q1 Earnings

Salesforce.com, inc.(CRM.US) reported Q1 FY2027 revenue of US$11.13 billion, cRPO of US$33.6 billion, and Agentforce ARR topping US$1 billion. Read in detail>>

UiPath Reports Strong Q1

UiPath(PATH.US) exceeded guidance with Q1 ARR of US$1.901B, revenue of US$418M, achieved first GAAP profitable quarter, and expanded AI deals, including 16 of top 20 deals. Read in detail>>

Asana Q1 Revenue Beats Guidance

Asana, Inc.(ASAN.US) reported Q1 FY2027 revenue of US$205.1M, up 9.5% YoY, ahead of guidance, with AI product bookings now representing 17% of net new ARR. Read in detail>>

MongoDB Q1 Revenue Soars 25%

MongoDB, Inc. Class A(MDB.US) reported US$688M Q1 revenue, beating guidance with Atlas growing 29.4% and adding 2,500 customers, driven by core workloads and early AI adoption. Read in detail>>