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U.S. Stock Futures Gain on Hopes of Progress Toward Middle East Peace

U.S. Stock Futures Gain on Hopes of Progress Toward Middle East Peace

U.S. stock futures inched higher on Tuesday evening as optimism grew over potential de‑escalation in the Middle East following reports that the U.S. has proposed a peace plan to Iran. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.79%, 0.63%, and 0.61%, respectively, at 6:34 p.m. EDT on March 24.

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Major stock indices declined in the regular trading session as oil prices climbed again. Also, markets pulled back after Iranian officials denied holding direct peace talks with the U.S., reversing gains driven by President Trump’s earlier claims of “productive conversations.” The Nasdaq, the Dow, and the S&P 500 dropped 0.8%, 0.2%, and 0.4%, respectively.

On the earnings front, Chewy (CHWY) and Paychex (PAYX) are scheduled to report quarterly numbers tomorrow.

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