US Stock Market Today Live Updates: S&P 500, Nasdaq futures fall amid risks to US-Iran peace talks; Nvidia in focus

US stock market futures opened lower on Thursday, signaling a cautious start to trading as geopolitical tensions and economic data weighed on investor sentiment. S&P 500 futures slipped 0.25%, Nasdaq futures fell 0.42%, and Dow Jones futures dipped 1.3%, reflecting broader market uncertainty. The decline followed complications in US-Iran peace talks, which pushed oil prices higher and increased bond yields to 4.582%, reinforcing expectations that the Federal Reserve may raise interest rates by 25 basis points later this year. Nvidia shares edged up 0.3% in premarket trading after reporting first-quarter revenue of $81.62 billion, exceeding analyst estimates of $78.86 billion, with data center revenue at $75.2 billion. Despite strong earnings, the stock showed minimal reaction, suggesting investors may already anticipate continued AI-driven growth. Meanwhile, Intuit’s shares sank 13% after announcing plans to cut about 17% of its workforce, while Tesla advanced 1% following SpaceX’s public IPO filing. Quantum-computing stocks surged after reports indicated the Trump administration would award $2 billion in grants to nine companies, with IBM expected to receive $1 billion. GlobalFoundries rose 9.7%, D-Wave Quantum jumped 19.3%, and Infleqtion advanced 26%, reflecting strong investor interest in the sector. Asian tech stocks also climbed after Nvidia CEO Jensen Huang highlighted opportunities in robotics and autonomous vehicles, while SoftBank spiked on rumors of upcoming IPOs for OpenAI and SB Energy. Oil prices fluctuated amid mixed signals from US-Iran negotiations, with Brent crude briefly dropping below $105 per barrel before rising to $106 after Iran’s Supreme Leader directed that near-weapons-grade uranium not be sent abroad. Gold eased 0.6% to $4,517.94 per ounce, pressured by a strong dollar and high Treasury yields. Investors awaited weekly jobless claims and business activity surveys later in the day for further economic clarity.