Stock Market Today: Futures Soar to Begin New Quarter After Major Indexes Have Best Day Since May
Stock futures soared to start the second quarter, following a strong day for major indexes on optimism that the Iran war may end soon. The Dow Jones Industrial Average, S&P 500, and Nasdaq all gained at least 2.5% on Tuesday, their best day since May 2, 2025.
Stock futures pointed to a sharply higher open, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average futures up 1.1%, 0.8%, and 0.8%, respectively. The gains follow a report that President Donald Trump is willing to end fighting with Iran without fully reopening the Strait of Hormuz. Major indexes posted their worst quarterly performance since the second quarter of 2022. Oil prices edged lower, with West Texas Intermediate crude futures down 2.7% to below $99 a barrel. The yield on the 10-year Treasury note slipped below 4.29%. Shares of tech giants, including Tesla, pointed higher in premarket trading.
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