US stock futures were steady on Tuesday after the major indexes notched solid gains in the previous session, with the S&P 500 fully reversing its losses since the onset of the Iran war. Sentiment improved on renewed optimism about the prospect of a longer-term US–Iran agreement, even after peace talks collapsed over the weekend. President Trump said Tehran had contacted Washington just hours after the US imposed a naval blockade on Iranian oil shipments in the Strait of Hormuz.
On Monday, the Dow Jones Industrial Average rose 0.63%, while the S&P 500 and the Nasdaq Composite gained 1.02% and 1.23%, respectively. Nine of the S&P 500’s 11 sectors ended higher, led by financials, technology, and consumer discretionary shares. Investors are now turning their attention to upcoming earnings reports from major banks, including JPMorgan Chase and Wells Fargo. In contrast, Goldman Sachs fell nearly 2% on Monday after missing revenue expectations in its fixed-income, currencies, and commodities trading division.
