Traders work on the floor of the New York Stock Exchange during morning trading on March 30, 2026 in New York City.
Michael M. Santiago | Getty Images
U.S. stock futures rose on Tuesday as oil prices turned lower in overnight trading.
Futures linked to the S&P 500 Although it increased by 0.87%, Nasdaq 100 futures Added 0.86%. Dow Jones Industrial Average Futures Increased by 432 points (0.95%).
Futures rose after a Wall Street Journal report that President Donald Trump told aides he was prepared to end military hostilities in the Middle East even if the Strait of Hormuz remained mostly closed.
Oil prices rose in after-hours trading after Bloomberg reported that Iran had collided with a Kuwaiti oil tanker in Dubai waters. The Dubai government’s media department said in a post on X that no injuries were reported and that “the safety of all 24 crew members has been ensured.”
brent crude oil futures 2% increase; West Texas Intermediate Futures After rising 3%, they fell 0.41% and 0.7%, respectively.
At Monday’s regular meeting, S&P500 The stock fell 0.39%, marking its third consecutive losing session. Nasdaq Composite It fell by 0.73%. 30 shares Dow It bucked this trend, rising 49.50 points (0.11%).
The S&P 500 index fell just over 9% from its closing high on Monday, driven by a decline in the technology sector, which fell more than 1%. But Art Hogan, chief market strategist at B. Riley Wealth Management, said the recent decline may reflect a typical market reset rather than an anomaly.
“There’s some talk going around, but I think long-term investors should keep in mind that a 10% correction is normal. It happens all the time. On average, there’s a 10% correction every two years,” he told CNBC. “It is also important for investors to understand that stock volatility is the price they pay for higher long-term returns.”
Hogan added: “There was a whiff of good news and a few positive days.”
Several different factors on Monday reflected ongoing geopolitical tensions in the Middle East. of CBOE Volatility IndexWall Street’s fear gauge topped 30 during the session, and US oil prices also rose to start the week.
Meanwhile, markets received good news that the Middle East wars could soon end, with President Donald Trump saying in a post on Truth Social that “significant progress has been made” on the U.S.’s “serious talks with a new, more rational administration to end military operations in Iran.” On Sunday, President Trump shared that tensions had eased with Iran accepting most of the US’s 15-point plan to end the war and allowing 20 additional oil ships to cross the Strait of Hormuz.
Fed Chairman Jerome Powell also offered some relief to investors on Monday, saying the current outlook for inflation is subdued and there is no need to raise interest rates at this time.
On Tuesday, traders will focus on March consumer confidence and February JOLTS job numbers.
Correction: A previous version stated that the three major averages fell in Monday’s session. Only the S&P 500 and Nasdaq Composite Index posted losses.
