U.S. Futures Inch Higher as Benchmark Index Approaches Record High

U.S. stock futures edged higher Tuesday night as investors looked to see whether the benchmark index could reclaim its all-time high. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 0.06%, 0.03%, and 0.02%, respectively, at 10:18 p.m. EST, June 24.

Israel and Iran have officially agreed to a ceasefire, lifting both the S&P 500 and the Nasdaq 100. With missile threats easing, both nations have started preparing to reopen their airspace.

On Tuesday, the S&P 500 climbed 1.11% as oil prices fell amid optimism that the ceasefire would last. The index is now trading less than 1% below its record high. Meanwhile, the Nasdaq Composite gained more than 1%, and the Dow Jones climbed more than 500 points.