US stock futures climbed on Tuesday as Wall Street reopened after the long holiday weekend, buoyed by optimism over a possible peace agreement between Washington and Tehran. President Donald Trump said talks were “going very well,” while warning that new strikes could follow if negotiations collapse. At the same time, a Pakistani intermediary reportedly told Chinese officials that a deal was close.
Despite the upbeat tone, major sticking points remain, notably Iran’s nuclear program and its insistence on retaining control over maritime traffic in the Strait of Hormuz.
In the prior week, the Dow Jones Industrial Average rose 2.13%, the S&P 500 gained 0.88%, and the Nasdaq Composite added 0.45%, supported by renewed hopes for Middle East peace and another strong round of corporate earnings.
Looking ahead, investors are bracing for a busy slate of US data releases, including PCE inflation and GDP figures, as well as earnings reports from Zscaler, Salesforce, Dell Technologies, and other major companies.
