Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 23, 2026.
Jeenah Moon | Reuters
S&P 500 futures rose slightly on Friday after after President Donald Trump said that Israel and Lebanon had agreed to extend their ceasefire by three weeks.
S&P 500 futures traded 0.1%, while Nasdaq 100 futures added 0.9%. Futures tied to the Dow Jones Industrial Average fell by 148 points, or 0.3%.
Shares of Intel soared 19%. The chipmaker posted first-quarter earnings that beat Wall Street’s expectations and shared an upbeat forecast for its current quarter.
Both the S&P 500 and tech-heavy Nasdaq Composite scored new intraday highs on Thursday, but ultimately ended the session in the red.
Trump’s announcement of an extension to the Israel-Lebanon ceasefire followed a meeting at the White House with top U.S. officials, he said.
“The Meeting went very well!” The president wrote in a Truth Social post. “The United States is going to work with Lebanon in order to help it protect itself from Hezbollah,” he added, referencing the Iran-backed militia group.
Amid a tenuous truce, investors continued to look for signs that a peace deal is in the works. The Middle East conflict has evolved into a naval standoff over the Strait of Hormuz as both countries have seized commercial ships. Trump said in a Thursday Truth Social post that he had ordered the U.S. Navy to “shoot and kill any boat” that is laying mines in the strait.
Thursday’s reversal from all-time highs showed that headlines coming from the Middle East still can sway the market, even as traders attempt to look past the conflict and focus on corporate earnings reports.
Software stocks had tumbled on Thursday, while semiconductor names pulled ahead. The iShares Semiconductor ETF (SOXX) posted its 17th positive session in a row.
Cameron Dawson, chief investment officer at NewEdge Wealth, said she expects the market’s leadership to remain constricted.
“This market continues to get narrower and narrower. And once, it was a story of all ‘Mag Seven’ doing well. Now it’s really just a story of semiconductors doing well,” she said on CNBC’s “Closing Bell: Overtime” on Thursday afternoon. “We are having the most cyclical sector in the world — being semiconductors — experiencing super normal growth. The stocks will deliver 100% earnings growth this year. The question is, how do you value that?”
“The real question is how the market digests the super normal growth and if it thinks it can actually continue,” Dawson added.
European stock markets retreat into the red as Israel-Lebanon ceasefire extended
European stock markets traded lower on Friday amid ongoing uncertainty over the direction of peace negotiations in the Middle East.
The pan-European Stoxx 600 was more than 0.8% lower by 11:00 a.m. in London (6:00 a.m. E.T), with most sectors in negative territory.
The oil and gas sector was the standout performer, advancing 1.2% in morning trade, boosted by a rebound in energy prices. Brent crude, the international oil benchmark, rose 2.2% to reach $107.40 a barrel.
All of the region’s main bourses were in the red, with France’s CAC 40 leading the losses, down 1.1%.
U.S. President Donald Trump announced a three-week extension to the Israel-Lebanon ceasefire on Thursday, while the Strait of Hormuz remains in a naval standoff.
— Hugh Leask
Asia-Pacific markets close mixed as Israel-Lebanon ceasefire extension fails to calm investors
Asia-Pacific markets opened mixed as investors remained cautious despite a three-week extension of the Israel-Lebanon ceasefire, underscoring lingering geopolitical uncertainty.
Japan’s Nikkei 225 rose 0.97% to end the trading day at 59,716.18, while the Topix closed relatively flat at 3,716.59 after core inflation in Japan accelerated for the first time in five months, rising to 1.8% in March, with the Iran war fueling energy worries.
Government data showed the inflation figure — which strips out prices of fresh food — was in line with the 1.8% expected by economists polled by Reuters, and was higher than the 1.6% seen in February.
South Korea’s Kospi ended the trading day flat at 6,475.63 while the small-cap Kosdaq was up 2.51% to 1,203.84.
Hong Kong Hang Seng index declined 0.16%, while the CSI 300 lost 0.35% to 4,769.37.
In Australia, the S&P/ASX 200 was down 0.08% to 8,786.5.
— Lee Ying Shan
Asia-Pacific markets trade mixed as Israel-Lebanon ceasefire extension fails to calm investors
Asia-Pacific markets opened mixed as investors remained cautious despite a three-week extension of the Israel-Lebanon ceasefire, underscoring lingering geopolitical uncertainty.
Japan’s Nikkei 225 rose 0.71% while the Topix rose 0.30% after core inflation in Japan accelerated for the first time in five months, rising to 1.8% in March, with Iran war fueling energy worries.
Government data showed the inflation figure — which strips out prices of fresh food — was in line with the 1.8% expected by economists polled by Reuters, and was higher than the 1.6% seen in February.
South Korea’s Kospi fell 0.23%, while the small-cap Kosdaq was up 1%.
Hong Kong Hang Seng index declined 0.61%, while the CSI 300 lost 0.28%.
In Australia, the S&P/ASX 200 was down 0.29%.
— Lee Ying Shan
Stocks making the biggest moves after the bell: Intel, SAP and more
These are the stocks moving the most in extended-hours trading:
- Intel — Shares soared 19% after the chipmaker posted first-quarter earnings that beat Wall Street’s expectations.
- SAP — The software stock popped 7% after the company earned $1.72 per share, excluding items, in its latest quarter, beating the expected $1.69, per LSEG.
- Boyd Gaming — The gambling and hospitality stock slipped 5% after Boyd posted first-quarter adjusted earnings of $1.60 per share, below the $1.73 consensus from LSEG.
Read the full list of stocks moving here.
— Lisa Kailai Han
Trump announces 3-week extension to Israel-Lebanon ceasefire
In a Thursday Truth Social post, President Donald Trump announced that Israel and Lebanon had agreed to extend their ceasefire by three weeks.
The decision came after a meeting in the White House with top U.S. officials.
“The Meeting went very well!” Trump wrote.
“The United States is going to work with Lebanon in order to help it protect itself from Hezbollah,” he added, referring to the Iran-backed militia group.
— Kevin Breuninger and Lisa Kailai Han
Stock futures are little changed after Trump announces Israel-Lebanon ceasefire extension
Stock futures were little changed on Thursday evening after President Donald Trump announced a three-week extension to the Israel-Lebanon ceasefire.
S&P 500 futures were unchanged, while Nasdaq Composite futures rose 0.3%. Dow futures fell 73 points, or nearly 0.2%.
— Lisa Kailai Han
Correction: The iShares Semiconductor ETF (SOXX) posted its 17th positive session in a row on Thursday. A previous version of this story misstated the name of the fund setting this milestone.
