U.S. futures gained modestly on Tuesday, drawing support as President Donald Trump’s ultimatum to Iran regarding access to the Strait of Hormuz neared its deadline. The market move came after a positive session on Wall Street, with investors closely monitoring geopolitical developments and upcoming economic data.
At 4:44 p.m. (Bangkok Time), futures linked to the S&P 500 and Dow Jones Industrial Average rose by approximately 0.24% and 0.26%, respectively. Nasdaq 100 contracts edged up 0.23%, following a day in which all three major indexes closed in positive territory.
On Monday, the S&P 500 advanced 0.44%, the Nasdaq Composite improved by 0.54%, and the Dow climbed 0.36%.
Market participants continue to focus on President Trump’s warning to Iran concerning the Strait of Hormuz. On Monday, Trump stated he would extend a deadline for Iran to reopen the waterway until Tuesday at 8 p.m. (Eastern Time), noting that it was “inappropriate” to enforce the original deadline immediately after Easter. He reiterated the threat that U.S. forces would target Iranian infrastructure, including power plants and bridges, should Iran fail to comply.
Despite the ongoing tensions, investors are showing cautious optimism that a diplomatic solution could emerge. The President’s remarks signaled a reluctance to pursue a large-scale ground campaign in the region, referencing domestic sentiment that favors de-escalation.
Oil markets responded to developments with Brent crude falling 1.99% to $107.59 per barrel on Tuesday as traders assessed the possibility of reduced conflict. West Texas Intermediate (WTI) futures slid 0.93% to $112.
Looking ahead, investors are preparing for preliminary data on February’s U.S. durable goods orders, due on Tuesday morning, which could provide further direction for markets.
