Traders work on the floor of the New York Stock Exchange (NYSE) before the closing bell on April 8, 2026, in New York City.
Charlie Tribalew | AFP | Getty Images
Stock futures rose early Tuesday on strong trading as traders ignored the breakdown in peace talks between the US and Iran but remained optimistic that a deal between the two countries was still possible.
S&P500 futures Although it rose by 0.2%, people connected to Dow Jones Industrial Average 24 points (0.1%) added. Nasdaq 100 futures It rose by 0.4%.
Wall Street once again demonstrated resilience in the face of increasing geopolitical uncertainty. Despite the collapse of negotiations between the US and Iran over the weekend, major average stock prices posted solid gains since the beginning of the week. President Donald Trump also said Monday: “We’re called from the other side.” He also said: “They very much want a deal.”
Monday’s gains erased the S&P 500’s losses suffered since the Iran war began.
SPX since the Iran war began
“The market is discounting the outcome very well, and I think the reason it’s going up … is because there’s a positive outcome at the end of the day,” Tom Lee, head of research at Fundstrat Global Advisors, said on CNBC’s “Power Lunch” on Monday.
Investors were able to shrug off a spike in oil prices on Monday as well. West Texas Intermediate Crude Oil Futures It rose 2.6% to $99.08 per barrel. brent crude oil It rose more than 4% to $99.36. Energy prices rose as the US began closing the Strait of Hormuz.
Oil prices fell slightly on Tuesday.
Heading into Tuesday’s trading, investors will be gearing up for big bank earnings releases from JPMorgan Chase & Co. and Wells Fargo & Co.
These numbers are based on mixed reports from Goldman Sachs. Shares fell on Monday after the company’s first-quarter bond trading revenue fell 10% from a year earlier. This overshadowed a sharp rise in investment banking fees and overall profits that were higher than analysts expected.
