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Iran Peace Hopes; Take-Two Surges

US stock futures rise on Iran peace hopes; Take-Two surges on GTA VI; OpenAI IPO; Kevin Warsh sworn in as Fed Chair.

Sarah Johnson
BySarah Johnson- Senior Editor
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U.S. stock futures point higher on Friday. Investors monitor Iran peace talks.

Dow futures rose 124 points, S&P 500 added 20, and Nasdaq 100 gained 114. Major averages slipped the prior session on a report that Iran's Supreme Leader banned enriched uranium exports, denting détente hopes.

Strait of Hormuz remains effectively closed, lifting oil prices. Brent crude trades at $105.66/barrel, well above pre-war $70.

Treasury yields also rose, reflecting expectations of an energy shock and higher inflation, possibly leading to rate hikes.

Secretary of State Marco Rubio said talks show good progress. A senior Iranian official cited by Reuters said gaps have narrowed.

OpenAI prepares to confidentially file its IPO prospectus as soon as today. SpaceX's $80 billion IPO also grabs attention.

Take-Two Interactive shares surged over 7% premarket after reconfirming GTA VI launch date in November.

Kevin Warsh will be sworn in as Fed Chair on Friday at the White House. He faces pressure from Trump to cut rates.

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