Stock Market Today: S&P 500, Nasdaq Futures Gain As Trump Fuels De-Escalation Hopes—ASML Holding, Gitlab, Broadcom In Focus

U.S. stocks fluctuated on Wednesday, following Tuesday’s rally. Futures of the major benchmark indices were mixed.

On Tuesday, President Donald Trump fueled the de-escalation narrative, saying that Iran talks "could be happening over the next two days" in Pakistan. The fresh Trump comments built on Vice President JD Vance‘s flagged "a lot of progress" in weekend talks with Iranian officials held in Islamabad.

Meanwhile, the 10-year Treasury bond yielded 4.25%, and the two-year bond was at 3.76%. The CME Group's FedWatch tool‘s projections show markets pricing a 99.5% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Wednesday. The SPY was up 0.022% at $694.61, while the QQQ advanced 0.088% to $629.15.

Stocks In Focus

ASML Holding

• ASML Holding NV (NASDAQ:ASML) rose 1.35% in premarket on Wednesday after the company announced its first-quarter earnings, beating expectations and raising its 2026 revenue outlook.

• Benzinga’s Edge Stock Rankings indicate that ASML maintains a strong price trend in the short, medium, and long terms, with a solid growth score.

Terawulf

• Terawulf Inc. (NASDAQ:WULF) declined 5.16% after reporting preliminary results and announcing a common stock offering after the market closed on Tuesday.

• Benzinga’s Edge Stock Rankings indicate that WULF maintains a strong trend in the long, short and medium terms.

Stellantis NV

• Stellantis NV

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