TLDR
- Stock futures edged higher Tuesday with S&P 500 and Nasdaq futures up 0.2% and 0.5% respectively
- Trump signaled openness to further Iran talks, extending hopes for a longer ceasefire
- Oil fell below $100 a barrel, with Brent at ~$99 and WTI retreating to below $97
- The Nasdaq closed higher for a ninth straight session on Monday, its longest streak since December 2023
- Bank earnings kick off with JPMorgan reporting a 13% profit rise; more major banks report this week
US stock futures moved higher on Tuesday morning as investors responded to fresh signals that the US and Iran may extend their ceasefire and work toward a longer peace deal.
S&P 500 futures gained 0.2%, Nasdaq 100 futures climbed 0.5%, and Dow Jones futures edged just above flat. All three major indexes rose on Monday, continuing a run of cautious optimism that has built since a two-week ceasefire was agreed on April 7.
President Trump said Monday that “the right people” in Iran had reached out to work out a deal. Markets took that as a positive sign, even after weekend talks broke down without a resolution.
đ¨đşđ¸đŽđˇ BREAKING: Second round of U.S.-Iran talks likely Thursday in Islamabad or Geneva.
Pakistan is pushing to host again.
The talks that "failed" are producing a follow-up faster than most negotiations that "succeed."
A Pakistani official framed it perfectly: the first⌠https://t.co/VhBu8eLUZW pic.twitter.com/gTGZSQ8xuF
— Mario Nawfal (@MarioNawfal) April 14, 2026
The S&P 500 effectively wiped out all losses it had built up since the start of the conflict following Monday’s session. The Nasdaq closed higher for a ninth straight day, its longest winning streak since December 2023.
Deutsche Bank macro strategist Henry Allen said the market mood “steadily improved after Monday’s open,” pointing to Trump’s comments as the key catalyst. He added that oil futures remain “heavily downward-sloping,” suggesting markets still see the conflict as temporary.
Oil prices continued to fall on Tuesday. West Texas Intermediate crude dropped to below $97 a barrel, down around 2.1%. Brent crude slipped to roughly $99 a barrel. Both benchmarks had been trading above $100 for weeks as the US blockade of the Strait of Hormuz disrupted energy flows.
Oil and Inflation in Focus
Wall Street has been watching oil closely for about six weeks, concerned that high energy prices could push inflation higher. Tuesday’s producer price index report for March is expected to give a clearer picture of how much the conflict has affected prices.
The dollar slipped 0.2% against a basket of major currencies as demand for safe-haven assets eased. The yield on the 10-year Treasury note dipped 2 basis points to 4.27%. Gold reached $4,800, supported by a weaker dollar.
European stock indexes also moved higher as oil prices retreated, reflecting a broader shift in market sentiment.
Bank Earnings Take Center Stage
Earnings season is now underway. JPMorgan Chase reported a 13% rise in profits on Tuesday. CEO Jamie Dimon acknowledged the economy faces an “increasingly complex set of risks.”
Johnson & Johnson also reported Tuesday. Bank of America, Wells Fargo, Citigroup, BlackRock, and Morgan Stanley are all due to report later this week.
The ceasefire between the US and Iran is set to expire next week. Washington and Tehran are said to be considering further negotiations to extend it.
The US naval blockade on Iran’s energy ports remains in place as of Tuesday morning.
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