U.S. stock futures were steady late Tuesday night, after the S&P 500 closed the regular session less than 1% below its all-time high. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 0.1%, 0.01%, and 0.08%, respectively, at 12:35 a.m. EDT on April 15.
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Trade QQQ with leverageEarlier in the day, major indices jumped as signs of progress in U.S.-Iran peace talks lifted market sentiment and pulled oil prices lower. Adding to the optimism, wholesale inflation for March came in far below expectations, easing pressure on interest‑rate worries.
The Nasdaq, S&P 500, and Dow rose 2.0%, 1.2%, and 0.7%, respectively. This pushed the SPX closer to its record high of 7,002.28, set on January 28. The S&P 500 has also now recovered all its losses from the Iran-related tensions that began in late February.
At the time of writing, the international oil benchmark Brent (CM:BZ) rose 0.07% to $95.45 per barrel, while West Texas Intermediate (WTI) crude (CM:CL) slipped 0.11% to $91.38 per barrel.
On the geopolitical front, a White House official told CNBC that a second round of talks between Washington and Tehran is being discussed, though no date has been finalized yet.
Looking ahead, key economic reports include the Empire State Manufacturing Survey, Import/Export Prices, the Housing Market Index, and the Beige Book. Several Fed officials are also scheduled to speak.
On the earnings front, Bank of America (BAC), Morgan Stanley (MS), JB Hunt (JBHT), and PNC Financial (PNC) are scheduled to report quarterly numbers tomorrow.