U.S. stock futures were mixed on Tuesday, as the Dow Jones and S&P 500 indices advanced and Nasdaq 100 futures declined, after the Dow and S&P 500 staged a strong comeback on Monday.
President Donald Trump on Monday expressed optimism about ending the U.S.-Iran war after meeting Qatar’s prime minister, saying diplomatic efforts were gaining momentum. He suggested the conflict could end "fairly soon," while saying that Iran was engaging with Washington and had largely lost its military capabilities.
However, Trump warned that U.S. forces remained ready to resume strikes if necessary, as a third aircraft carrier headed toward the Middle East.
Meanwhile, the 10-year Treasury bond yielded 4.868%, and the two-year bond was at 4.549%. The CME Group’s FedWatch tool’s projections show markets pricing an 82.2% likelihood of the Federal Reserve hiking the current interest rates during its December meeting.
| Index | Performance (+/-) |
| Dow Jones | 0.29% |
| S&P 500 | 0.11% |
| Nasdaq 100 | -0.48% |
| Russell 2000 | -0.03% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were mixed in premarket on Tuesday. The SPY was up 0.08% at $753.25, while the QQQ declined by 0.24% to $677.73.
Stocks In Focus
CoreWeave
- CoreWeave Inc. (NASDAQ:CRWV) is set to report its latest quarterly results after the closing bell on Tuesday. The company is expected to post a loss of $1.53 per share on revenue of $3.54 billion, according to Benzinga Pro. CoreWeave shares were up 1.25% in the pre-market session.
- Benzinga’s Edge Stock Rankings indicate that CRWV maintains a weak price trend in the long, medium and short terms.
Take-Two Interactive
- Take-Two Interactive Software Inc. (NASDAQ:TTWO) reported earnings of 99 cents per share, beating a Street consensus estimate of 94 cents per share, according to data from Benzinga Pro. Take-Two shares were up nearly 4% pre-market.
- Benzinga’s Edge Stock Rankings indicate that TTWO maintains a weak price trend in the long and medium terms, but a strong price trend in the short term.
Rocket Lab
- Rocket Lab Corp. (NASDAQ:RKLB) shares fell nearly 6% in pre-market trading on Tuesday. The company reported a loss of $0.12 per share on revenue of $255.71 million on Monday.
- Benzinga’s Edge Stock Rankings indicate that RKLB maintains a weak price trend in the long, medium and short terms.
Babcock & Wilcox
- Babcock & Wilcox Enterprises Inc. (NYSE:BW) shares were up nearly 15% pre-market. The company reported revenue of $290.8 million and earnings of $0.02 per share, according to Benzinga Pro.
- Benzinga’s Edge Stock Rankings indicate that BW maintains a weak price trend in the long, medium and short terms.
AST SpaceMobile
- AST SpaceMobile Inc. (NASDAQ:ASTS) reported revenue of $42.32 million and a loss of $0.44 per share after the closing bell, according to Benzinga Pro. AST SpaceMobile shares were down 0.54% pre-market after soaring over 14% on Monday.
- Benzinga’s Edge Stock Rankings indicate that ASTS maintains a weak price trend in the long, medium, and short terms.
Cues From Last Session
U.S. stocks closed on a positive note on Monday, with the Dow surging over 1,100 points, while S&P 500 and Nasdaq Composite closed with gains of over 2% each.
All sectors on the S&P 500 closed on a positive note, with industrials, consumer discretionary and information technology stocks recording the biggest gains on Monday.
| Index | Performance (+/-) | Value |
| Dow Jones | 2.15% | 52,389.75 |
| S&P 500 | 2.35% | 7,549.94 |
| Nasdaq Composite | 2.74% | 25,253.14 |
| Russell 2000 | 3.15% | 2,840.81 |
Insights From Analysts
Jeremy Siegel, Professor Emeritus of Finance at the Wharton School of the University of Pennsylvania, described the employment report as exceptionally strong, with 165,000 jobs added and upward revisions of 84,000.
While productivity growth also beat expectations, annual wage gains of 3.1% remain below inflation of 3.6%, leaving real wages slightly negative. Siegel said the robust labor market could increase the likelihood of a December Fed rate hike but maintained an upbeat economic outlook, seeing few signs of weakness.
Siegel added that the correction in technology and AI stocks was healthy, with a rotation toward value likely to continue as investors question whether AI demand will justify massive infrastructure spending.
He also highlighted the potential for lower oil prices following a negotiated settlement with Iran to support equities, saying oil in the $70s would benefit consumers and businesses.
Upcoming Economic Data
Here’s what investors will be keeping an eye on today:
- On Tuesday, the NFIB Index of Small Business Optimism will be released by 6 a.m. ET.
- The Consumer Price Index (CPI) for October will be released at 8:30 a.m. ET.
- Dallas Fed President Lorie Logan is set to deliver remarks at 10:50 a.m. ET.
- Kansas City Fed President Jeff Schmid is set to speak at 1:30 p.m. ET.
- Fed Vice Chair Michelle Bowman is set to speak at 3:30 p.m. ET at a Council on Foreign Relations event.
Commodities, Crypto, And Global Equity Markets
Crude Oil WTI futures were trading lower in the early New York session by 1.8% to hover around $85.29 per barrel.
Gold Spot US Dollar fell 0.55% to hover around $4,118.3 per ounce. The U.S. Dollar Index spot was 0.01% lower at the 101.64 level.
Meanwhile, Bitcoin (CRYPTO: BTC) was trading at $74,672 per coin, down 1.1% over the last 24 hours.
Asian markets closed higher on Tuesday, with Japan’s Nikkei 225, Taiwan’s TWSE, China’s CSI 300, Shanghai Composite, India’s Nifty 50, Australia’s ASX 200 indices, Hong Kong’s Hang Seng and South Korea’s Kospi closed in the green. European markets were up in early trade.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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