Stock market today: Dow, S&P 500, Nasdaq futures edge higher as hopes for an Iran deal grow
US stock futures leaned higher on Tuesday, while oil prices fell after President Trump signaled openness to further talks with Iran, stoking optimism for a long-term truce.
Futures on the S&P 500 (ES=F) and the Dow Jones Industrial Average (YM=F) rose roughly 0.2%. Meanwhile, those on the Nasdaq 100 (NQ=F) gained 0.4% after stocks on Wall Street eked out small wins on Monday.
Washington and Tehran are considering further negotiations to extend their current two-week ceasefire, even with the US naval blockade on Iran’s energy ports now in place. Trump said on Monday that “the right people” — interpreted as Iran — have reached out “to work out a deal.”
Optimism that the April 7 truce can be re-upped before it expires next week have added to already growing hopes for longer-lasting peace deal, which on Monday helped the S&P 500 (^GSPC) effectively wipe out losses accumulated since the start of the conflict.
Against that backdrop, oil prices dropped back below $100 a barrel, but with investors watching for signs of traffic through the Strait of Hormuz. West Texas Intermediate (CL=F) crude fell 2.5% to trade below $97 per barrel, while Brent (BZ=F) crude shed 1 % to around $98.
Looking ahead, attention turns to earnings season. Major banks including Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), JPMorgan Chase (JPM), and Morgan Stanley (MS) all report this week, offering key insight into the health of the financial sector.
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