S&P 500 Futures Rise on U.S.-Iran Breakthrough Optimism

On May 22, U.S. stock index futures advanced premarket amid optimism over a potential U.S.-Iran diplomatic breakthrough, with SPY trading at 742.72 (+0.20%). The shift follows two days of volatility triggered by Nvidia’s quarterly results. On May 20, futures were modestly higher while awaiting the report, yet names like Julong Holding and Korea Electric Power gapped down 6.3%. May 21 brought sharper weakness after the earnings, as Intuit fell 13.1%, Fidelis Insurance 12.4%, and Borr Drilling 7.6%, though SPY recovered to close at 741.25. Positive risk appetite returned on May 22, lifting Estée Lauder 9.6%, Workday 9.4%, and Zoom 7.2%.