US stock futures were little changed on Tuesday after a sharp rebound in the previous session, supported by signs of a possible easing in US-Iran tensions. On Monday, the Dow and the Nasdaq Composite each rose 1.38%, while the S&P 500 added 1.15%. All 11 S&P sectors finished higher, led by consumer discretionary, materials, and technology shares.
The advance followed President Donald Trump’s announcement of a five-day delay to planned strikes on Iranian energy infrastructure and his characterization of ongoing talks with Tehran as productive. Oil benchmarks slumped roughly 10% on the news, reducing inflation worries and bolstering risk appetite in equities.
Still, Iran denied that any negotiations were taking place, and Israel continued to carry out strikes on Iranian targets, leaving geopolitical risks elevated. Investors are now looking ahead to US manufacturing figures due Tuesday, as well as earnings results from GameStop and KB Home.
