Traders work on the floor of the New York Stock Exchange (NYSE) as the opening bell rings on March 24, 2026.
Angela Weiss | AFP | Getty Images
Stock futures rose Tuesday night after reports that the United States has given Iran a plan that could lead to an end to the conflict.
S&P500 futures and Nasdaq 100 futures They rose by 0.7% and 0.8%, respectively. Futures linked to the Dow Jones Industrial Average Increased by 318 points (0.7%).
In the day’s regular trading, all three major stock averages posted losses. of S&P500 While the decline was 0.37%. Nasdaq Composite It fell by 0.84%. Excellent company Dow It fell by 84.41 points (0.18%).
The move came after President Donald Trump said on Tuesday that the United States was “currently negotiating” with Iran. He added that the Iranian government was “reasonable” and suggested it was keen to reach a peace deal.
The New York Times reported Tuesday afternoon that the United States is said to have sent Iran a peace proposal to end the war, citing two unnamed officials. According to the paper, the 15-point plan was delivered via Pakistan.
Stocks regained some of their gains from Monday, with the average of the three up more than 1% after President Trump wrote in a post on Truth Social that the United States and Iran had “a very good and productive dialogue regarding a complete and complete resolution of hostilities in the Middle East.” However, Iranian state media denied reports of direct talks between the two countries.
Oil prices rose again on Tuesday after falling the previous day. Michael Kantrowitz, chief investment strategist at Piper Sandler, said commodities have been the main market driver in recent days.
“We continue to view this as just a single volatile oil-driven market,” he said on CNBC’s “Closing Bell: Overtime” Tuesday afternoon. “Oil and interest rates are driving the stock market. And so far, I think the market has priced itself appropriately for the situation. We will continue to move and respond as the situation evolves.”
He added: “I’m not too worried about the economy. I certainly think the U.S. economy can handle $90, $100 oil. I’m a little concerned about interest rates and whether sustained inflation will put pressure on capital multiples.”
chewy and Paychex It plans to report earnings before the bell Wednesday. Traders will also be keeping an eye on February’s export and import price index statistics.
—CNBC’s Kevin Breuninger contributed reporting.
