U.S. stock futures surged on Tuesday evening, primarily due to hopes for a last-minute diplomatic resolution to the conflict with Iran, easing fears of severe oil supply disruptions. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 0.95%, 0.82%, and 0.81%, respectively, at 6:15 p.m. EDT on April 7.
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Trade QQQ with leverageIn the regular trading session, U.S. stocks pared losses to finish mixed as President Donald Trump increased pressure on Iran ahead of his deadline to reopen the Strait of Hormuz. The S&P 500 and the Nasdaq each rose 0.1%, while the Dow slipped 0.2%.
Looking ahead, traders will turn their attention to the FOMC meeting minutes, set for release tomorrow. Markets use the minutes to gauge whether the Fed is leaning toward rate cuts, rate hikes, or staying on hold. On the earnings front, Delta Air Lines (DAL) will report its quarterly earnings on Wednesday.