U.S. stock futures are flat after Dow record close on U.S.-Iran deal; SpaceX rallies again: Live updates
U.S. stock futures are little changed Tuesday morning after the Dow closed at a record high on hopes of a U.S.-Iran deal. SpaceX shares are rising for a third consecutive session, while oil prices dip below $80 as traders anticipate increased supply through the Strait of Hormuz. Investors are now turning their focus to the Federal Reserve’s upcoming meeting, which could influence market direction.
What changed
Market sentiment has shifted from the U.S.-Iran deal announcement to Fed policy expectations, with futures showing subdued movement after Monday’s record close.
Live updates
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U.S. stocks flat as Iran deal fades; SpaceX surges; Fed meeting looms
confidence 92%U.S. stock futures are little changed Tuesday morning after the Dow closed at a record high on hopes of a U.S.-Iran deal. SpaceX shares are rising for a third consecutive session, while oil prices dip below $80 as traders anticipate increased supply through the Strait of Hormuz. Investors are now turning their focus to the Federal Reserve’s upcoming meeting, which could influence market direction.
What's confirmed:
- U.S. stock futures are flat in premarket trading after the Dow Jones Industrial Average set a new record close on Monday, driven by optimism over a potential U.S.-Iran peace deal.
- SpaceX shares are rallying for the third consecutive day, contributing to a broader tech sector lift in premarket activity.
- Oil prices, including Brent crude, have fallen below $80 per barrel as traders anticipate increased supply flows through the Strait of Hormuz following the U.S.-Iran deal.
- Investor attention has shifted from the U.S.-Iran deal to the Federal Reserve’s upcoming meeting, with market participants now focusing on potential policy shifts under new Chair Christopher Warsh.
- Dow futures are trading 0.11% higher, Nasdaq 100 futures are up 0.28%, and S&P 500 futures are essentially unchanged, reflecting cautious optimism ahead of the Fed meeting.
Still unconfirmed:
- Stocks could see further gains if the Strait of Hormuz reopens fully, reducing geopolitical risks to oil supply chains.
- The U.S.-Iran deal may include provisions to stabilize oil prices, though details remain unclear and unconfirmed.