S&P500 enters Friday with a constructive toneUS 500 (per 1.0)TRADENATION:US500TradeNationUS equity futures are pointing to a firmer open as investors build on Thursday's relief rally, with easing geopolitical tensions and renewed strength in technology continuing to support risk sentiment. The biggest positive for equities remains the decline in oil prices after comments from President Trump raised hopes that the US and Iran could still reach a diplomatic agreement. Brent crude has fallen back towards $76 per barrel, easing concerns that higher energy costs could reignite inflation and delay further Federal Reserve rate cuts. Technology is once again providing leadership after a strong rebound in semiconductor and hardware stocks helped lift the broader market on Thursday. Investors rotated back into growth and cyclical sectors, with Autos, Technology Hardware, Semiconductors and Financials outperforming, suggesting confidence is returning after earlier geopolitical uncertainty. Overnight, Japanese government bond yields fell sharply and the yen strengthened after reports the government is considering encouraging major pension funds, including the GPIF, to increase allocations to domestic assets. While investors remain sceptical that pension funds will significantly alter their asset allocations in the near term, the move has supported global bond markets and helped keep Treasury yields under pressure—a favourable backdrop for US equities. Markets will also continue monitoring developments in the Middle East. Although negotiations between the US and Iran are reportedly continuing despite recent military exchanges, any deterioration in the diplomatic outlook could quickly reverse the recent decline in oil prices and weigh on risk assets. Today's focus now shifts to Delta Air Lines' earnings and the Canadian employment report. Delta's results will provide an early read on consumer and business travel demand, while any surprises in the Canadian labour market could influence North American interest rate expectations. Overall, the S&P 500 enters Friday with a constructive tone. Lower Treasury yields, easing inflation concerns, improving risk appetite and renewed leadership from the technology sector are providing support. However, investors are likely to remain cautious ahead of the weekend given the potential for further geopolitical headlines from the Middle East. A sustained move above Thursday's highs would reinforce the bullish momentum, while any resurgence in oil prices or geopolitical tensions could prompt profit-taking after the recent rebound. Key Support and Resistance Levels Resistance Level 1: 7582 Resistance Level 2: 7620 Resistance Level 3: 7660 Support Level 1: 7460 Support Level 2: 7430 Support Level 3: 7386 The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.