US Stocks Hold Gains as Traders Await Iran Update: Markets Wrap

US stock futures held gains and Brent fell for a third straight day as traders waited for updates on a potential US-Iran peace deal that would reopen oil flows through the Strait of Hormuz.

S&P 500 contracts were little changed after the benchmark notched back-to-back record highs. Brent traded at $99 a barrel, extending a 12% slump in the two prior sessions on mounting confidence that an agreement in the Middle East is within reach. The dollar headed for its worst week in a month. Global bonds continued their rally as inflationary pressures receded.