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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City.
Spencer Platt | Getty Images
Stock futures were little changed Tuesday after the Dow Jones Industrial Average climbed to a fresh record during the previous session thanks to a potential deal between the U.S. and Iran.
S&P 500andNasdaq 100 futures traded along the flatline. Futures tied to the Dow were up 16 points, or less than 0.1%..
The blue-chip Dow on Monday gained 468.77 points, or 0.92%, to set intraday and closing records. The S&P 500 jumped more than 1%, while the tech-heavy Nasdaq Composite climbed 3.1%.
In Asia, Japan's Nikkei 225 reached hit an all-time intraday high and ended 0.13% higher, while South Korea's Kospi jumped 2.11%. Hong Kong Hang Seng Index was the worst performer among major Asian indexes, dropping 1.64%, while mainland's China's CSI 300 fell 0.15%. Australia's benchmark S&P/ASX 200 ended flat. The pan-European Stoxx 600 index traded 0.6% higher, with regional gains led by industrial and banking stocks.
The moves came after President Donald Trump announced that the U.S. and Iran had reached a deal to end the war in the Middle East.
Pakistani Prime Minister Shehbaz Sharif said that both sides have declared the termination of their military operations on all fronts, with an official signing ceremony to take place this Friday in Switzerland. A senior Trump administration official told CNBC's Megan Cassella that the memorandum of understanding was already signed electronically on Sunday.
The president also said that the key Strait of Hormuz passageway would reopen on Friday, sending oil prices down nearly 5% on Monday. Vice President JD Vance told CNBC's " Squawk Box" on Monday that the strait would " be opened in a toll-free way for the long term."
"I would say overall, the market reaction was fairly positive," said Keith Lerner, CIO and chief market strategist at Truist Wealth, on CNBC's " Closing Bell: Overtime" on Monday afternoon. "Even though the S&P 500 hasn't quite gotten back to where it was, underneath the surface it's telling you one of economic resilience. I expect things to be somewhat more choppy here in the near term, but again, it's hard to complain after we have had a pretty good move off the March lows and still hanging in there pretty well."
On Tuesday morning, investors will watch for May's housing starts and export and import price indexes.
14 Min Ago
Frankfurt prosecutors open market manipulation probe as Germany reiterates opposition to UniCredit's Commerzbank offer
Germany reiterated its opposition to UniCredit's proposed takeover of Commerzbank on the final day of its offer period, as the banks' takeover tussle turned increasingly sour.
Germany's Finance Agency, which holds a stake of around 12% in Commerzbank, said in a statement on Tuesday that the bid "did not include an appropriate premium" on the current Commerzbank share price, while rejecting UniCredit's "aggressive" approach.
Separately, Frankfurt prosecutors said they had started a preliminary investigation into possible market manipulation related to the deal. It follows a criminal complaint from Commerzbank's workers council.
— Joseph Wilkins
2 Hours Ago
Asia markets close mostly higher; Japan's Nikkei 225 briefly touches 70,000
Japan's Nikkei 225 reached hit an all-time intraday high and ended the trading day 0.13% higher at 69,404.50, while South Korea's Kospi jumped 2.11% to 8,726.60.
Hong Kong Hang Seng Index was the worst performer among major Asian indexes, dropping 1.64%, while mainland's China's CSI 300 fell 0.15% to 4,884.23. Australia's benchmark S&P/ASX 200 ended flat at 8,917.70.
—Justina Lee
3 Hours Ago
European stocks open higher as Iran peace plan dominates G7 summit
French President Emmanuel Macron and his wife Brigitte Macron walk with U.S. President Donald Trump during the G7 Summit at Hotel Royal Evian on June 15, 2026 in Evian-les-Bains, France.
Isabel Infantes | Getty Images
European stocks opened higher on Tuesday as investors awaited more details on the provisional Middle East peace agreement, with the conflict dominating discussions at the G7 leaders' summit in Évian-les-Bains, France.
The pan-European Stoxx 600 index was up 0.25% shortly after 8:10 a.m. in London (3:00 a.m. E.T.),
Most regional sectors moved higher, as industrial stocks advanced more than 1% and banks added 0.66%. On the downside, mining names led losses, sliding 0.53% in early trade.
All major bourses were up, with the Italian FTSE MIB rising 0.59%, as France's CAC 40 gained 0.39%. In London, the FTSE 100 opened 0.22% higher and Germany's DAX followed closely, adding 0.21% in morning dealmaking.
— Hugh Leask
4 Hours Ago
Australia central bank keeps rates steady at 4.35% amid elevated inflation
The Reserve Bank of Australia held rates at 4.35% Tuesday, while stating that it was ready to hike to manage its mandate for price stability and full employment.
While growth has been below expectations, inflation has run above the RBA's target. The April print softened to 4.2% on a year on year basis, but was still above the central bank's target of 2% to 3%.
"Higher fuel prices have added directly to inflation and there are indications that this is passing through to the prices of other goods and services, so inflation is likely to remain high for some time," the RBA wrote.
— Lim Hui Jie
6 Hours Ago
Bank of Japan hikes rates to highest since 1995 as yen declines to historic lows
Japan's central bank on Tuesday raised its policy rate to the highest in over 30 years at 1%, in line with expectations of economists polled by Reuters, accelerating policy normalization started in 2024.
This is the Bank of Japan's first hike since December, when it raised rates to 0.75%, and the first time since 1995 that rates have been increased to 1%.
The policy tightening comes at a time when Japan has been struggling with a weak yen and inflation that has started to creep up, partly due to the Iran war.
— Lim Hui Jie
7 Hours Ago
SoftBank Vision Fund CFO leaving company after a decade: Reuters
Navneet Govil, chief financial officer at SoftBank Group's Vision Fund investing arm, is exiting the company following a decade there, Reuters reported, citing an internal memo.
More details will be shared by the company about transition responsibilities at a later time, according to a memo by Alex Clavel, CEO of SoftBank Investment Advisors, according to Reuters.
— Justina Lee
7 Hours Ago
China retail sales contract in May, posting first drop in over three years
China's retail sales fell for the first time in more than three years in May, signaling a deepening economic slump, according to data released Tuesday by the National Bureau of Statistics.
Retail sales, a gauge of consumption, declined in May for the first time since December 2022, dropping 0.6% from a year earlier. The Labor Day holiday at the start of May failed to offset the country's sluggish consumer spending. That figure came in lower than the forecast for no change among economists polled by Reuters.
Industrial output was the lone bright spot, rising 4.5% in May to top estimates of 4.3% growth and rebounding from April's near three-year low of 4.1%.
The national unemployment rate fell to 5.1% in May, compared with 5.2% in April.
— Anniek Bao
9 Hours Ago
South Korean defense stocks outperform broad market
South Korean defense stocks climbed sharply on Tuesday, outperforming the broader market, even as the U.S. and Iran reached a deal to end the war.
Hanwha Aerospace, Seoul's largest defense stock, was up over 10%, while Hyundai Rotem, maker of the K2 main battle tank, was up 11%.
LIG Defense & Aerospace spiked over 28%, almost hitting the daily 30% price limit on the Kospi. The company manufactures the Cheongung air defense system, which saw its combat debut in the United Arab Emirates during the Iran war.
— Lim Hui Jie
10 Hours Ago
South Korea's Kospi extends winning run, rising 2%
Asia-Pacific markets traded mixed early Tuesday, with South Korea's Kospi leading gains.
The Kospi advanced 2.01% at open, while the small-cap Kosdaq dropped 0.56%. Japan's Nikkei 225 added 0.18% while the Topix slipped 0.39%.
Hong Kong's Hang Seng index futures were last at 24,799, lower than the index's close of 24,842.67.
—Justina Lee
10 Hours Ago
Asia-Pacific markets set to open mixed as investors assess Iran-U.S. deal
Asia-Pacific markets were set to open mixed Tuesday, as investors assessed Iran-U.S deal to end the war in the Middle East.
Japan's Nikkei 225 was poised to rise, with the Chicago futures contract at 69,545 while its Osaka counterpart last traded at 69,750, compared with the index's Monday close of 69,317.50.
Hong Kong's Hang Seng index futures were last at 24,799, lower than the index's close of 24,842.67.
In Australia, futures last traded at 8,827, while the S&P/ASX 200′s closed at 8,914.
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The U.S. and Iran struck a preliminary deal with "a lot" of details remaining to be ironed out, according to Vice President JD Vance on Monday, adding that America has "all the cards."
The U.S.-Iran ceasefire will be extended for 60 days and set up a framework for future negotiations regarding Tehran's nuclear program and other key issues. Text of the preliminary deal has not been released.
Iranian Foreign Minister Abbas Araghchi and Parliamentary Speaker Mohammad Bagher Ghalibaf are expected to be involved in the upcoming discussions, Vance told CNBC's " Squawk Box." He also told CNBC that Washington expects the Strait of Hormuz to open "toll free" for the long term.
—Justina Lee
11 Hours Ago
Seven of the 11 GICS sectors rise on Monday
On Monday, seven of the 11 GICS sectors ended the session higher.
Information technology names led the index higher, with the sector rising 3.39%. Communication services and consumer discretionary stocks were the second and third best performers, respectively gaining 2.42% and 1.91%.
On the other hand, energy stocks fell on a potential peace deal between the U.S. and Iran, with the sector shedding 3.58%. Real estate, healthcare and consumer staples also ended in the negative, with the sectors respectively declining 0.90%, 0.70% and 0.53%.
— Lisa Kailai Han
11 Hours Ago
Shares of Dave & Buster's Entertainment plunge after revenue miss
Shares of Dave & Buster's Entertainment tumbled nearly 12% on Monday, after the entertainment chain reported its first-quarter results.
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PLAY 5D chart
For its last quarter, the company's revenue came in at $559.2 million, while analysts polled by FactSet were looking for $580.6 million. Dave & Buster's also reported GAAP earnings of 16 cents per share, below its year-ago numbers of 62 cents and FactSet's consensus estimate of 60 cents per share.
— Lisa Kailai Han
12 Hours Ago
Stock futures open little changed
Stock futures traded near flat on Monday night.
Shortly after 6 p.m. ET, futures linked to all three major indexes were little changed.
— Lisa Kailai Han
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