US stocks drifted sideways before the bell on Wednesday, keeping all-time highs within reach as investors weighed President Trump’s signal of confidence that the Iran war will end soon.

Futures on the S&P 500, (ES=F), the Nasdaq 100 (NQ=F), and the Dow Jones Industrial Average (YM=F) all hovered around the flat line, coming off a strong session that left the S&P 500 (^GSPC) within striking distance of a fresh record high.

Trump hinted at progress in ending the Iran war in media interviews late Tuesday, saying that peace talks might restart within two days and an extension of the current two-week ceasefire may not be needed. He told Fox Business that he sees the war as “close to over.”

Markets are now waiting for insight into any progress, which could reignite the momentum in stocks that has effectively wiped out losses since Iran hostilities started. The S&P 500 has posted gains in nine of the past 10 sessions and sits just shy of its late-January peak. Meanwhile, the tech-heavy Nasdaq Composite extended its winning streak to 10 consecutive days.

Looking ahead, attention shifts to a busy earnings slate. Major financial institutions continue to report results, with Bank of America (BAC) and Morgan Stanley (MS) on the early morning docket.

Shares of Snap (SNAP) popped over 10% in premarket trading after the social media company joined a growing list of tech companies cutting jobs.

Reuters reports:

Read more here.

Bank of America (BAC) stock is up 1% in premarket trading after reporting a 17% rise in profits in the first quarter.

Yahoo Finance’s David Hollerith reports:

Read more here.

The S&P 500 (^GSPC) is knocking on the door of the 7,000 mark. Banks are posting profit beats, and the latest wholesale inflation reading came in better than expected. What's not to like?

Last week, there was plenty, apparently. Yahoo Finance’s Hamza Shaban writes:

Read more here in the takeaway from today’s Morning Brief.

Bloomberg reports:

Read more here.

Reuters reports:

Read more here.

Bloomberg reports:

Read more here.

Reuters reports:

Read more here.