Markets are poised for another strong day as futures point higher, with the Dow and S&P 500 on track to extend their record runs, while the Nasdaq holds steady. Yesterday’s gains were fueled by solid earnings and optimism over the Strait of Hormuz situation — though oil prices briefly dipped before rebounding amid ongoing mediation efforts. Meanwhile, SpaceX and AMD took major hits after earnings reports revealed steep spending spikes and a strategic shift to Nvidia chips, respectively — but Disney soared over 3% after beating expectations.

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