Traders work on the floor of the New York Stock Exchange (NYSE) on March 23, 2026 in New York City, USA.
Brendan McDiarmid | Reuters
U.S. stock futures fell slightly early Tuesday morning, a day after major stock averages rebounded on traders’ hopes that a resolution to the U.S.-Iranian conflict could be in sight.
S&P500 futures fell 0.66% Nasdaq 100 futures It fell by 0.73%. Futures linked to the Dow Jones Industrial Average Lost 299 points (0.64%).
At Monday’s regular meeting, S&P500 The stock rose 1.15%, dominated by tech stocks. Nasdaq It rose by 1.38%. 30 shares Dow Obtained 631 points (1.38%). All three major averages posted their best sessions since early February.
It rose after President Donald Trump said in a post on Truth Social that the United States and Iran had “a very good and productive dialogue regarding a complete and complete resolution of hostilities in the Middle East.” However, Iranian state media reported that there were no direct talks between the two countries. Stock prices soared, with the Dow Jones Industrial Average rising more than 1,100 points at one point.
Oil prices also cooled, further supporting market gains. West Texas Intermediate Futures Approximately 10.3% to settle at $88.13 per barrel. brent futures It fell nearly 11% to $99.94 per barrel.
The president threatened over the weekend to attack Iranian power plants unless the Strait of Hormuz was reopened, and Iran has said it intends to target U.S. infrastructure as a retaliatory tactic.
Although President Trump’s comments on Monday struck an optimistic tone, Citi U.S. equity strategist Scott Kronert doesn’t think investors are out of the woods yet.
“There’s still a lot of material to consider in terms of where oil prices end up and how oil prices impact underlying economic conditions,” he told CNBC’s “Closing Bell: Overtime” on Monday afternoon. “So while we think we’re comfortable with a 5% to 10% decline outlook right now, we have to be aware that the risks are still there and they’re still pretty significant.”
On Tuesday morning, traders will focus on data from the U.S. Manufacturing Purchasing Managers Index.
