U.S. Stock Futures Hold Steady After Dow's Record Close; Nikkei 225 Hits New All-Time High

Stock futures were largely unchanged early Tuesday after the Dow Jones Industrial Average closed at a record high in the previous session, fueled by optimism surrounding a potential peace agreement between the United States and Iran.

Futures linked to the S&P 500 and Nasdaq 100 traded near flat, while Dow futures slipped 46 points, or less than 0.1%.

During Monday’s trading session, the Dow Jones Industrial Average surged 468.77 points, or 0.92%, to achieve a new all-time closing high. The index also touched a record intraday level. Meanwhile, the S&P 500 advanced 1.65%, and the Nasdaq Composite jumped 3.07%, driven by strong gains in technology stocks.

Across Asia, markets showed mixed performance. Japan’s Nikkei 225 reached a new intraday record, although the broader Topix index edged down 0.20%. South Korea’s Kospi gained 1.98%, while the small-cap Kosdaq declined 1.55%. In Hong Kong, the Hang Seng Index fell 1.25%, whereas China’s CSI 300 posted a modest gain.

Investor sentiment improved after President Donald Trump announced that the United States and Iran had agreed to a deal aimed at ending the conflict in the Middle East.

Adding to the optimism, Pakistani Prime Minister Shehbaz Sharif stated that both nations had agreed to cease military operations across all fronts, with a formal signing ceremony scheduled for Friday in Switzerland.

Trump also indicated that the strategically important Strait of Hormuz would reopen on Friday, contributing to a nearly 5% decline in oil prices on Monday.

Looking ahead, investors will focus on the release of May housing starts data and export and import price indexes later on Tuesday for further clues on the health of the U.S. economy.