U.S. stock futures rise after Trump cites progress toward Iran agreement; AMD jumps on outlook

U.S. stock futures rose late Tuesday, May 5, 2026, asourceser President Donald Trump said “Great Progress” had been made toward reaching an agreement with Iran and announced a pause in “Project Freedom,” the U.S. plan to guide ships out of the Strait of Hormuz.

S&P 500 futures added 0.3%, Nasdaq 100 futures climbed 0.6%, and futures tied to the Dow Jones Industrial Average rose 79 points, or 0.2%.

AMD surges asourceser earnings and guidance In extended trading, Advanced Micro Devices jumped 16% asourceser the chipmaker forecast about $11.2 billion in second-quarter revenue and reported a first-quarter beat on both the top and bottom lines.

Regular-session records as earnings season remains strong In Tuesday’s regular session, the S&P 500 gained 0.81% and the Nasdaq rose 1.03%, with both indexes reaching new intraday and closing records. The Dow advanced 356.35 points, or 0.73%.

The move came as investors digested earnings. About 85% of S&P 500 companies that have reported results so far have exceeded profit expectations, and 77% have topped revenue forecasts.

Defense Secretary Pete Hegseth also said the U.S.-Iran ceasefire “certainly holds” and that commercial ships have safely transited the Strait of Hormuz, helping ease concerns around shipping disruptions.