Stock futures increased on Tuesday as shares of AI chipmakers maintained their upward trajectory, while oil futures declined amid optimism regarding a potential resolution to the U.S.-Iran conflict. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average indicated increases of 0.8%, 0.5%, and 0.3%, respectively, in the latest trading session. Yesterday, the tech-heavy Nasdaq Composite and benchmark S&P 500 recorded gains of 0.9% and 0.3%, respectively, as semiconductor stocks recovered from Friday’s decline, with the iShares Semiconductor ETF experiencing a notable increase of nearly 6%. The blue-chip Dow concluded the day with a decline of 0.2%, having experienced an increase earlier in the session.

Shares of Micron Technology and Marvell Technology, which both jumped nearly 10% yesterday, were up about 5% and 4% further, respectively, before the bell Tuesday. Intel, which surged about 11% Monday after a report by The Information that Google and Nvidia were considering the company as a backup chip manufacturer, was up more than 2% premarket. The Magnificent Seven tech giants indicated a predominantly positive trajectory prior to the market opening, following a predominantly negative performance on Monday. Tesla and Nvidia, the only gainers in the septet yesterday, increased by more than 2% and less than 1%, respectively. Apple shares closed down almost 2% Monday following the commencement of its annual Worldwide Developers Conference, and subsequently edged lower.

Oil prices experienced a decline on Tuesday following President Donald Trump’s statement the previous evening, indicating that a resolution between the U.S. and Iran to conclude their conflict could be achieved within “two or three days. West Texas Intermediate futures, the U.S. crude oil benchmark, experienced a decline of 2.2%, settling at $89.25 per barrel. Meanwhile, front-month contracts of Brent crude, the global benchmark, fell by 1.8%, reaching $92.60. Bitcoin was trading around 62,700, down from overnight highs around 63,800. The world’s largest cryptocurrency declined to below $60,000 for the first time since October 2024 on Friday.

The 10-year Treasury yield, a key determinant of interest rates on mortgages and various consumer loans, stood at approximately 4.56%, reflecting a minor decrease from Monday’s closing figure of just under 4.57%. The U.S. dollar index, which monitors the value of the greenback relative to a selection of foreign currencies, experienced a decline of 0.3%, settling at 99.77. Gold futures declined by 0.1%, settling at $4,360 per ounce. In the aftermath of earnings announcements, shares of J.M. Smucker experienced a 4% increase, whereas Vail Resorts saw a decline of 5%.