US Futures Drop on Iran Pushback

US stock futures declined on Tuesday after Iran denied engaging in any talks to end the conflict, pushing back against President Donald Trump’s claims. Tehran also said it launched new attacks on US targets in the Middle East, while Israel continued strikes against Iran and Lebanon, keeping tensions elevated. In regular trading on Monday, the Dow and Nasdaq Composite both rose 1.38%, while the S&P 500 gained 1.15%. All 11 S&P sectors closed higher, led by consumer discretionary, materials, and technology stocks. The rally followed Trump’s announcement of a five-day delay in planned strikes on Iranian energy infrastructure, alongside claims that productive talks were ongoing. Investors now turn their focus to upcoming US manufacturing data due Tuesday, along with earnings reports from GameStop and KB Home.

US stock futures held steady on Tuesday following a sharp rebound in the previous session, driven by signs of a potential de-escalation in the US-Iran conflict. In regular trading on Monday, the Dow and Nasdaq Composite both jumped 1.38%, while the S&P 500 gained 1.15%. All 11 S&P sectors closed higher, led by consumer discretionary, materials, and technology stocks. The rally came after President Donald Trump announced a five-day delay in planned strikes on Iranian energy infrastructure and said productive talks with the country are ongoing. Oil benchmarks plunged about 10% following the announcement, easing inflation concerns and supporting equities. However, Tehran denied that any negotiations were underway, while Israel continued its attacks on Iran. Investors now turn their focus to upcoming US manufacturing data due Tuesday, along with earnings reports from GameStop and KB Home.

The Dow Jones Index rose 631 points or 1.38 percent on Monday to close at 46208 points. Leading the gains are 3M (3.80%), Sherwin-Williams (3.51%) and Home Depot (3.11%).