U.S. stock futures were slightly higher on late Monday night after a strong session, as investors looked past the collapse in U.S.-Iran peace talks and remained hopeful that a deal could still be reached. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 0.19%, 0.01%, and 0.04%, respectively, at 12:30 a.m. EDT on April 14.
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New trading tool for QQQ bullsOil prices also moved lower during the session. At the time of writing, the international oil benchmark Brent (CM:BZ) fell 1.44% to $103.33 per barrel, while West Texas Intermediate (WTI) crude (CM:CL) slipped 2.26% to $97.93 per barrel.
In the regular trading session, major indices closed higher, showing resilience despite rising geopolitical tensions. The Nasdaq, the S&P 500, and the Dow rose 1.2%, 1.0%, and 0.6%, respectively. Today, Oracle stock (ORCL) surged nearly 13% to lead a rebound in software stocks.
Looking ahead, traders will turn their attention to the producer price index (PPI) report, which will help assess inflationary cost pressures from rising energy prices after the March CPI showed a surge in energy inflation. On the earnings front, JPMorgan (JPM), Citigroup (C), Wells Fargo (WFC), and BlackRock (BLK) are scheduled to report quarterly numbers tomorrow.