Stock futures edge higher as Nasdaq’s 13-day winning streak comes to an end.
U.S. stock futures ticked slightly higher early Tuesday, even as the Nasdaq Composite ended its 13-day winning streak in the previous session.
Futures tied to the S&P 500 and Nasdaq 100 rose 0.14% and 0.25%, respectively, while Dow Jones Industrial Average futures gained 69 points, or 0.14%.
All three major indexes closed lower on Monday as geopolitical tensions between the U.S. and Iran intensified over the weekend. The S&P 500 slipped 0.24%, the Dow edged down 0.01%, and the Nasdaq Composite fell 0.26%, marking its first decline after the longest rally since 1992.
Market sentiment was weighed down after President Donald Trump announced that the U.S. had intercepted and seized an Iranian-flagged cargo ship in the Gulf of Oman. This development came after Iran declined to join a new round of peace talks, with the current ceasefire set to expire later this week.
Despite the renewed tensions and recent pullback, investors remain optimistic about the broader outlook for equities.
On the corporate front, several major companies are set to report earnings before the opening bell, including UnitedHealth, Danaher, GE Aerospace, 3M, Northrop Grumman, Halliburton, Quest Diagnostics, RTX, Tractor Supply, and Genuine Parts. Meanwhile, March retail sales data is also scheduled for release Tuesday morning.
Attention will also be on Federal Reserve chair nominee Kevin Warsh, who is set to appear before the Senate Banking Committee. In his prepared remarks, the former Fed governor emphasized the importance of maintaining the central bank’s independence while focusing on its core mandates.
In Asia, markets traded mixed as investors monitored ongoing U.S.-Iran tensions alongside cautious optimism for a potential resolution in the Middle East.
Stock futures edged higher as investors remained optimistic about the broader market outlook, even after a mild pullback driven by geopolitical tensions.
Markets declined mainly due to escalating tensions between the U.S. and Iran, including the seizure of an Iranian-flagged ship and uncertainty around ongoing ceasefire talks.
Investors are watching major earnings reports, March retail sales data, and the confirmation hearing of Federal Reserve chair nominee Kevin Warsh.
Yes, despite short-term volatility, investors remain generally bullish, supported by strong earnings expectations and confidence in long-term economic growth.
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U.S. stock futures ticked slightly higher early Tuesday, even as the Nasdaq Composite ended its 13-day winning streak...