Traders work on the floor of the New York Stock Exchange (NYSE) before the closing bell in New York City on April 8, 2026.
Charly Triballeau | AFP | Getty Images
Stock futures moved higher on Tuesday following a strong session in which traders shrugged off a breakdown in peace talks between the U.S. and Iran, yet were optimistic that a deal between the two countries was still possible. Traders also navigated a slew of fresh corporate earnings results.
S&P 500 futures rose 0.3%, while those tied to the Dow Jones Industrial Average added 21 points. Nasdaq-100 futures climbed 0.5%.
Technology stocks supported the broader market for another day Tuesday. Oracle rose nearly 5% in premarket trading, building on the more than 12% gain it saw in the prior trading day. Sandisk gained more than 2% on the heels of Evercore ISI initiating coverage with an outperform rating.
Wall Street once again proved resilient in the face of increased geopolitical uncertainty. The major averages posted solid gains to start the week even after U.S.-Iran negotiations over the weekend broke down. President Donald Trump also said Monday that, “We’ve been called by the other side.” He also said: “They’d like to make a deal very badly.”
Monday’s gains erased the S&P 500 losses suffered since the Iran war began.
SPX since Iran war began
“The market does have a really good way of discounting outcomes. And I think the reason it’s going up is … we’re gonna end up with a favorable outcome,” said Tom Lee, head of research at Fundstrat Global Advisors, on CNBC’s “Power Lunch” Monday.
Investors on Monday were also able to shrug off a jump in oil prices. West Texas Intermediate crude futures settled up 2.6% at $99.08 a barrel, while Brent crude advanced more than 4% to $99.36. Energy prices rose as the U.S. began a blockade in the Strait of Hormuz.
On Tuesday, crude prices fell slightly.
To be sure, upside on Tuesday was kept in check after the release of more corporate earnings. JPMorgan Chase reported better-than-expected Q1 figures, but it cut its net interest income guidance. That sent the stock down 1.6%. Wells Fargo also posted disappointing numbers, pushing the stock down more than 2%.
Those numbers follow a mixed report from Goldman Sachs. Shares declined Monday after the company’s first-quarter fixed income trading revenue fell by 10% from the year-earlier period. That overshadowed a huge spike in investment banking fees and an overall profit that beat analyst expectations.
