U.S. equity futures displayed mixed movement on Tuesday following the S&P 500 and Nasdaq reaching new all-time highs in regular trading. With investors weighing geopolitical tensions and earnings updates, futures for the Dow Jones Industrial Average outperformed while the S&P 500 and Nasdaq 100 futures declined.
At 4:46 p.m. (Bangkok Time), S&P 500 futures slipped 0.17%, with contracts tracking the Nasdaq 100 down 0.51%. In contrast, Dow futures advanced 0.24%. Monday’s session saw the S&P 500 edge up 0.12% and the Nasdaq gain 0.20%, each marking new intraday and closing records. The Dow, however, fell by 62.92 points, equivalent to a 0.13% decrease.
Market attention remains fixed on ongoing efforts to advance peace discussions in the Middle East, as continuing friction between the United States and Iran disrupts oil movements through the Strait of Hormuz. The White House indicated that U.S. officials are assessing Iran’s latest proposal to lift mutual restrictions, while affirming their non-negotiable positions remain unchanged.
Over the weekend, President Donald Trump called off a planned visit by U.S. special envoy Steve Witkoff and Jared Kushner to Pakistan for discussions regarding a ceasefire in Iran. According to a post on Truth Social, the president said that any talks may proceed by phone. Iran’s Foreign Ministry spokesperson Esmaeil Baqaei stated there were no planned meetings between Washington and Tehran at this time.
In a development regarded as a potential breakthrough, White House press secretary Karoline Leavitt confirmed that the Trump administration is reviewing Iran’s offer to reopen the Strait of Hormuz on the condition that hostilities cease and U.S. sanctions are lifted.
Investors are also looking ahead to a heavy earnings schedule this week. Reports from General Motors, Visa, and Seagate are due on Tuesday. Major technology companies—Alphabet, Amazon, Meta, and Microsoft—will publish results the following day.
Additionally, the Federal Reserve commences a two-day policy meeting on Tuesday. No rate changes are anticipated in Wednesday’s announcement. Market participants will be attentive to remarks from Fed Chair Jerome Powell, whose term is ending, while Kevin Warsh, the Trump administration’s nominee, seeks Senate confirmation as his successor.
