US Futures Jump on Trump Report
2026-03-31 02:49
By
Jam Kaimo Samonte
1 min. read
US stock futures jumped nearly 1% on Tuesday after reports that President Donald Trump told aides he is willing to end the US military campaign against Iran even if the Strait of Hormuz remains largely closed, potentially strengthening Tehran’s control over the strategic waterway.
Investors also continued to digest dovish comments from Federal Reserve Chair Jerome Powell, who said long-term US inflation expectations remain anchored despite heightened Middle East uncertainties and noted that the central bank’s policy stance allows officials to assess the economic impact of the Iran war.
In regular trading on Monday, the Dow rose 0.11%, while the S&P 500 and Nasdaq Composite declined 0.39% and 0.73%, respectively.
The S&P 500 is nearing correction territory, down 9.4% from its January peak, with the Dow and Nasdaq Composite off 10.5% and 13.4% from their highs.
Investors now await March’s consumer confidence index and February’s JOLTS job openings data.