Traders work on the floor of the New York Stock Exchange (NYSE) on April 20, 2026 in New York City, USA.
Brendan McDiarmid | Reuters
U.S. stock futures edged higher early Tuesday. Nasdaq Composite He recorded a 13-day winning streak in the regular session.
S&P500 futures and Nasdaq 100 futures Added 0.14% and 0.25% respectively. Futures linked to the Dow Jones Industrial Average It rose by 69 points (0.14%).
All three major stock averages ended lower on Monday as tensions between the United States and Iran escalated over the weekend. of S&P500 While the decline was 0.24%. Dow Jones Industrial Average It decreased by 4.87 points (0.01%). The Nasdaq Composite fell 0.26%, extending its longest positive streak since 1992.
The move came after President Donald Trump said Sunday that the United States had attacked and seized an Iranian-flagged cargo ship in the Gulf of Oman. This followed Iran’s announcement that it would not participate in new peace talks with the United States. The ceasefire between the US and Iran is set to expire this week.
But despite these heightened tensions and Monday’s losses, investors remain bullish on the overall picture for stocks going forward.
“We still think the market is going to overshoot on the upside. Our upside target is $7,300 by July, and that’s basically our year-end goal,” Oson Kwon, chief equity strategist at Wells Fargo, said Monday afternoon on CNBC’s “Closing Bell: Overtime.” “I think the economy will be fine for the next three months.”
Kwon’s S&P 500 stock price target of 7,300 represents an increase of 3% from Monday’s closing price.
Many companies will announce their financial results before the bell on Tuesday. united health, Danaher, ge aerospace, 3M, Northrop Grumman, halliburton, quest diagnosis, RTX, tractor supply and genuine parts. Retail sales statistics for March will also be released on Tuesday morning.
The confirmation hearing for Kevin Warsh, a candidate for the chairman of the US Federal Reserve, will also be closely watched. In a prepared statement to the Senate Banking Committee released Monday, the former Fed chief said the U.S. central bank must remain largely independent of political influence while remaining focused on its core goals.
“The Fed has to maintain the status quo,” he said. “The Fed’s independence is at greatest risk when it steps into fiscal and social policy matters for which it has neither authority nor expertise.”
