Yahoo Finance
US stock futures were muted on Tuesday after confidence in artificial intelligence and falling oil prices spurred a rally on Wall Street.
Futures on the Nasdaq-100 (NQ=F) were flat after the tech-heavy Nasdaq Composite toucheda record highthe day before.
S&P 500 futures (ES=F) were in the green, while those on the Dow Jones Industrial Average (YM=F) rose 0.3%.
Stocks kicked off the week with strong gains as US and Chinese officials wrapped up talks ahead ofa capstone meetingbetween President Trump and Chinese leader Xi Jinping.
Treasury Secretary Scott Bessent called the preliminary talks "very successful," lifting hopes of cooperation on artificial intelligence.
Oil prices fell on Tuesday amid reports that Iran may reopen the Strait of Hormuz within seven days if the US takes steps to ease military pressure.
Brent crude futures (BZ=F) fell over 2%, while WTI (CL=F) dropped 3%.
Meta (META) shares, whichpopped 11% onMonday, lifted the "Magnificent Seven" stocks after the company's Muse AI agent app hit the top spot in the App Store, sending a bullish signal about chip demand.
The US rally in tech stocks spilled over into Asian markets, with the Nikkei (^N225) and KOSPI (^KS11) indexes gaining on Tuesday.
KB Home (KBH) and AutoZone (AZO) report earnings on Tuesday amid a light week for economic data and earnings.
Oil prices continued to ease on Tuesday after Iran signaled to mediators that it would be willing to reopen the Strait of Hormuz within seven days if the US takes steps to ease military pressure, according to reports.
Brent crude futures (BZ=F), the global benchmark, fell 2.1% to $98 per barrel, while West Texas Intermediate (CL=F), the US benchmark, dropped 2.6% to $89 per barrel.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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