Trump Pauses Hormuz Ops, Futures Rise 0.8%

US futures rose, with S&P 500 up 0.4% to 7,315, Nasdaq 100 up 0.8% to 28,363, Dow up 0.2% to 49,510.
President Trump announced a pause to Operation Freedom to facilitate a “complete and final agreement” with Iran, while the naval blockade stays.
Alphabet hit high after reports of a $200 billion AI spending commitment from Anthropic; AMD surged over 15% on Q1 earnings and outlook.
Street closed at highs—S&P 500 7,259.23 (+0.8%), Nasdaq 25,326.13 (+1%), Dow 49,298.25 (+0.7%)—with earnings from Arm, Disney, Uber and payroll data ahead.