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Trump Eases Tensions with Iran, Oil Prices Plummet as US Stock Futures Rise

Guavy AI Editorial Team
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US stock futures rose in pre-market trading on August 3 as tensions between the US and Iran eased. Following President Trump's announcement that military action against Iran was suspended, oil prices plummeted below $80 per barrel.

The Dow futures jumped 1.02%, while S&P 500 futures rose 0.65% and Nasdaq 100 futures increased by 0.35%. Oil prices fell sharply, with WTI crude dropping over 8% to around $79.5 and Brent crude trading at $83.5.

AWS revenue grew 37% year-over-year to $42.2 billion in Amazon's recent earnings report, validating AI cloud demand and driving a recovery in sentiment for mega-cap tech stocks.

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