U.S. stock futures trended lower on Tuesday morning after reports that negotiators doubt Iran will meet Trump’s demand to reopen the Strait of Hormuz before his Tuesday night deadline. Futures on the Nasdaq 100 (NDX), the S&P 500 Index (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.61%, 0.46%, and 0.44%, respectively, at 8:23 a.m. EST on April 7.
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Forget margin or options. Here's how the pros trade QQQOil prices rose amid persistent tensions in the Middle East. At the time of writing, the international oil benchmark Brent (CM:BZ) was up 1.39% to $111.30 per barrel, while West Texas Intermediate (WTI) crude (CM:CL) jumped 3.42% to $116.19 per barrel.
During Monday’s regular trading, the three major indexes closed higher on hopes of a resolution. The Nasdaq climbed 0.54%, while the S&P 500 and the Dow Jones gained 0.44% and 0.36%, respectively. In a late-Monday statement, Trump noted that the U.S. and Iran are negotiating in “good faith” to end the conflict but warned of strikes on Iran’s power plants and bridges if the strait remains closed.
Turning to trending stocks, shares of Broadcom (AVGO) were up nearly 3% in Tuesday’s pre-market trading after the company announced expanded chip deals with Google (GOOGL) and Anthropic.
Meanwhile, shares of Humana (HUM), UnitedHealth (UNH), and CVS Health (CVS) jumped 10.1%, 7%, and 6.9%, respectively, after the Center for Medicare & Medicaid Services finalized its proposed payment increase of 2.48% for Medicare Advantage (MA) plans, which was higher than the initial proposal in January that kept payments flat.