Stock Futures Rise as Oil Dips Ahead of Iran Ceasefire Expiration
On Tuesday, U.S. stock futures experienced an uptick, with S&P 500 and Nasdaq 100 contracts rising by 0.5% as oil prices declined and Iran contemplated sending negotiators to Pakistan for discussions with the U.S. The ceasefire between the two nations is set to expire on Wednesday evening. Dow futures surged by 333 points (0.7%), while WTI crude fell by 0.4%, settling at over $89 per barrel. President Trump accused Iran of breaching the ceasefire and indicated that an extension is unlikely. UnitedHealth reported first-quarter earnings that surpassed expectations, boosting its shares by more than 7%. Additionally, the Senate Banking Committee is conducting a confirmation hearing for Kevin Warsh, Trump's nominee for the Federal Reserve. Retail sales data for March is expected on Tuesday, and South Korea's Kospi reached a record high.
Key facts
- U.S. stock futures climbed Tuesday with S&P 500 and Nasdaq 100 futures up 0.5% each
- Oil prices pulled back with WTI crude dropping 0.4% to just over $89 a barrel
- Iran signaled it may send a negotiating team to Pakistan for talks with the U.S.
- The ceasefire between Iran and the U.S. is set to expire Wednesday evening
- Dow futures advanced 333 points, equivalent to a 0.7% gain
- The Nasdaq Composite snapped a 13-day winning streak Monday, its longest since 1992
- UnitedHealth first-quarter earnings beat analyst forecasts, sending shares up more than 7%
- Kevin Warsh's prepared remarks called for the Fed to stay independent and avoid fiscal policies
Entities
Institutions
- The Wall Street Journal
- UnitedHealth
- Senate Banking Committee
- Federal Reserve
- MarketWatch
- Amazon
- Anthropic
- Truth Social
Locations
- United States
- Iran
- Pakistan
- South Korea
- Washington
Sources
- Quartz —