On Tuesday, Nasdaq futures experienced an uptick while oil prices saw a decline, reflecting indications of advancement in the peace negotiations between the U.S. and Iran. In the interim, wholesale inflation for March was reported significantly below expectations. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average indicated increases of 0.5%, 0.2%, and less than 0.1%, respectively, in recent trading activity. Yesterday, major stock indexes experienced a significant uptick, as investors maintained optimism regarding the potential for a U.S.-Iran peace agreement to be reached. The Dow and S&P 500 have entered positive territory for the year, whereas the Nasdaq concluded higher for the ninth consecutive session, approaching within a quarter percentage point of breakeven for 2026.

Investors appear unfazed by the U.S. blockade of the Strait of Hormuz, as President Donald Trump indicated that the “right people” in Iran are open to negotiations. Additionally, Iran’s foreign minister, Abbas Araghchi, communicated to his French counterpart that advancements have been achieved in discussions with the U.S. on various matters. Meanwhile, the Producer Price Index reading indicated that wholesale prices rose by 0.5% month-over-month in March, significantly below the 1.1% anticipated by analysts. The “Core” PPI rose by 0.2%, falling short of the anticipated increase of 0.4%. West Texas Intermediate futures, the U.S. crude oil benchmark, experienced a decline of 3%, settling at approximately $96 per barrel in recent trading. Meanwhile, Brent crude, the global benchmark, saw a decrease of 1.3%, reaching $98. Additionally, oil prices were influenced by a monthly report from the International Energy Agency, which stated that “demand destruction will spread as scarcity and higher prices persist.”

The U.S. dollar index, which measures the value of the greenback relative to a selection of foreign currencies, experienced a pullback on Tuesday, decreasing by 0.3% to 98.03. The 10-year Treasury yield, a key determinant of interest rates on mortgages and various consumer loans, recently stood at 4.30%, reflecting an increase from the previous day’s closing level of over 4.29%. Bitcoin was trading at approximately $74,400, an increase from the overnight lows of about $73,100. Gold futures experienced an increase of 0.6%, reaching approximately $4,795 per ounce. Shares of Oracle, which soared nearly 13% to pace the S&P 500 Monday as software stocks bounced back somewhat from recent declines, were up 5.5% further before the bell. All of the Magnificent Seven tech giants pointed higher after all but Apple ended in the green yesterday.

A day after Goldman Sachs initiated the bank earnings season, shares of Wells Fargo and JPMorgan Chase experienced declines of 3% and 1%, respectively, while Citigroup’s shares increased by 1.5% following their pre-bell results announcement. Shares of American Airlines Group surged 8.5% after a Bloomberg report indicated, based on insights from informed sources, that United Airlines Holdings CEO Scott Kirby had proposed the concept of merging the two airlines. United shares experienced an increase of 2.5%. Elsewhere, Globalstar shares surged 10% after Amazon agreed to buy the satellite provider for about $11.6 billion. Amazon’s shares experienced an increase exceeding 1%.