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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 on Tuesday, while SpaceX built on its monster post-IPO rally, 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 500 futures hovered around the flatline, as did Nasdaq 100 futures. Futures tied to the Dow were up 95 points, or 0.2%.
SpaceX popped 4% in premarket trading, adding to its sharp gains since going public last week. The company priced its initial public offering at $135. It traded around $201 before the bell.
Elsewhere, oil prices extended their drop from the prior trading day. Brent crude futures fell 4% to below $80 per barrel — the first time since March. U.S. West Texas Intermediate futures declined 4% to around $77 a barrel.
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."
19 Min Ago
Options trading on SpaceX begins Tuesday
After its public market debut on Friday, SpaceX options are set to list starting Tuesday, opening a new avenue for traders to forecast the future of the stock.
While options traders have had a heavy interest in both space stocks and AI plays, SpaceX presents a unique company where its valuation is so high — above $2 trillion — but it is still unprofitable.
"It has the TAM of a science fiction novel while the price to earnings-growth ratio of chips is the lowest it's been in the sector's history," said Mike Purves, CEO of Tallbacken Capital Advisors. "But there's a huge bid in upside calls for anything AI-related and that means the price for protection is higher too – I'd suggest SpaceX will be having that dynamic magnified."
Observers say to expect SpaceX options to draw speculators' attention and have high volumes along with elevated implied volatility. Read more here.
— Oliver Renick and Davis Giangiulio
37 Min Ago
Import prices rose much more than expected in May
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Import prices rose much more than expected in May
Surging energy costs in May sent import prices to their highest annual gain in nearly four years, the Bureau of Labor Statistics reported Tuesday.
Import prices rose 1.9% on the month, well above the 1.1% Dow Jones consensus forecast, though slightly below the 2% increase in April. On an annual basis, prices rose 6.7%, the largest gain since August 2022.
Fuel and lubricant prices jumped 12.5%, causing much of the top-line increase. For the February-to-May period associated with the Iran war, prices soared 58.3%, the largest three-month gain since July 2020.
Export prices increased 1.3% following a 3.5% surge in April.
— Jeff Cox
43 Min Ago
Brent crude falls below $80 per barrel for first time since March
Oil prices fell to their lowest level in three months on Tuesday, as investors continue to await further details on the U.S.-Iran agreement to bring the Middle East conflict to an end.
Brent crudefutures briefly fell to $79.96 per barrel, the first time the international benchmark has traded below $80 since March. It was last trading about 3.6% lower at $80.19 as of 8:28 a.m. ET.
U.S. West Texas Intermediate futures traded about 3.8% lower to $77.71. Read more.
— Spencer Kimball and Hugh Leask
59 Min Ago
Robinhood to slash 10% of workforce, shares rise
Vlad Tenev, CEO and co-founder of Robinhood, speaks during the Robinhood Markets, Inc. event in New York City, U.S., March 4, 2026.
David Dee Delgado | Reuters
Robinhood shares rose more than 1% in the premarket after the company said that it would cut roughly 10% of its workforce.
The company plans to take second-quarter charges of around $20 million in severance and benefits costs and about $8 million in share-based compensation costs.
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HOOD, 1-day
— Sean Conlon
1 Hour Ago
SpaceX, Huntsman and Dave & Buster's among the stocks making moves before the bell
Check out the companies making the biggest moves premarket:
- SpaceX — Elon Musk's rocket company jumped another 10%, building on its already massive gains. SpaceX priced its initial public offering at $135 per share and began trading Friday. The stock traded at around $212 in the premarket, 57% above the IPO price.
- Huntsman — The chemicals manufacturer fell around 10% after it agreed to merge with rival Olin in an all-stock deal. After the merger, the new company will be named OlinHuntsman. The deal is expected to close in the first half of 2027. Olin shares slipped around 1%.
- Dave & Buster's — The video game and restaurant stock plunged 14% on weaker-than-expected first-quarter results. The company earned 16 cents per share, well below the StreetAccount forecast of 60 cents per share. Revenue of $559.2 million also missed the $580.6 million consensus. Comparable store sales dropped 5.4% from the year-earlier period.
Read here for the full list.
— Fred Imbert
2 Hours Ago
SpaceX will buy AI coding startup Cursor
A video displays Elon Musk, founder of Space Exploration Technologies Corp. (SpaceX), during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Friday, June 12, 2026.
Michael Nagle | Bloomberg | Getty Images
Elon Musk's SpaceX will buy AI coding startup Cursor from acquiring its parent company Anysphere for $60 billion. This comes after SpaceX's record-breaking debut on the Nasdaq last Friday that made Musk a trillionaire and SpaceX over $2 trillion in valuation.
The merge will happen in the third quarter this year, SpaceX said. Back in April, the company had two options: acquire Cursor for $60 million or pay $10 billion for their new partnership.
The deal can help SpaceX be a more competitive player in AI coding market. The company already merged Musk's xAI with the space tech company in February.
— Ananya Chetia
2 Hours Ago
SpaceX rallies again
Elon Musk's rocket company jumped another 8%, building on its already massive gains. SpaceX priced its initial public offering at $135 per share and began trading Friday. The stock traded at around $208 in the premarket, 54% above the IPO price.
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SPCX surges again
— Fred Imbert
4 Hours 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
5 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
6 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
8 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
9 Hours Ago
Bank of Japan hikes rates to highest since 1995 as yen declines to historic lows
The Bank of Japan headquarters is seen in Tokyo on January 30, 2017. The Bank of Japan will pull the plug on its eight-year negative interest rate policy in April, according to more than 80% of economists polled by Reuters, marking a long-awaited major shift from a global outlier central bank.
Kazuhiro Nogi | Afp | Getty Images
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
11 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
11 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.
Read more here.
— Anniek Bao
13 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
13 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
14 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
14 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
14 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
15 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
Dow climbs more than 450 points for record close as oil tumbles on potential Iran deal
Stocks end higher as SpaceX soars in debut, U.S.-Iran deal nears
Dow surges 900 points after Trump says U.S. will soon sign deal with Iran, oil falls
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