U.S. stock futures declined on Tuesday, with the Nasdaq 100, Dow Jones, and S&P 500 indices all falling following a mixed close on Monday. The decline comes as President Donald Trump announced a 60-day U.S. waiver on Iranian sanctions, warning that he will "do what I have to do" if Tehran fails to adhere to a newly negotiated peace roadmap. While Trump stated that upcoming weapons inspections would enforce "nuclear honesty," Iranian officials have denied that discussions regarding its nuclear program have begun.

Market sentiment is also being influenced by bond yields and Federal Reserve expectations. The 10-year Treasury bond yielded 4.48%, and the two-year bond was at 4.19%. According to the CME Group’s FedWatch tool, markets are pricing in a 67.9% likelihood that the Federal Reserve will leave interest rates unchanged during its July meeting.

Index Performance

Major indices showed negative performance in premarket trading. The SPDR S&P 500 ETF Trust (NYSE: SPY) was down 1.47% at $733.46, while the Invesco QQQ Trust ETF (NASDAQ: QQQ) declined by 2.73% to $717.78.

Stocks in Focus

Primoris Services Corp. (NYSE: PRIM) dropped 33.97% in premarket trading after announcing the departure of COO Jeremy Kinch and cutting its FY26 guidance. Conversely, Catheter Precision Inc. (NYSE: VTAK) surged 43.73% as it filed a prospectus for an offering of 68.07 million shares.

Infleqtion Inc. (NYSE: INFQ) rose 3.10% after Trump signed two executive orders on Monday aimed at accelerating quantum computing development and strengthening cybersecurity. Space Exploration Technologies Corp. (NASDAQ: SPCX) fell 3.68%, continuing a multi-day decline since listing on June 12. The company has shed over $400 billion in valuation, falling to the seventh most valuable company globally with a market capitalization of around $2.04 trillion. FedEx Corp. (NYSE: FDX) rose 0.26% as analysts expect quarterly earnings of $5.96 per share on revenue of $24.04 billion.

Cues From Last Session

In the previous session, most sectors on the S&P 500 closed positively, with energy, real estate, and health care stocks recording the biggest gains. However, consumer discretionary and communication services stocks closed lower.

Insights From Analysts

LPL Financial maintains a cautiously optimistic economic outlook, noting that the broader macro environment is supported by solid underlying fundamentals. The firm highlights that a "steady, near-trend growth backdrop supported by investment and productivity gains" is keeping the economy resilient despite tight financial conditions. Key structural drivers, such as ongoing capital spending in AI-related digital infrastructure and data centers, are expected to foster durable, less inflationary long-term expansion.

LPL Financial is closely monitoring the Federal Reserve’s evolving strategy under new FOMC Chair Kevin Warsh. The Fed’s updated projections, indicating higher median interest rates, initially triggered a "negative reaction in both the equity and bond markets." Despite this, the LPL Research Strategic and Tactical Asset Allocation Committee (STAAC) "maintains its recommendation for a tactical equity overweight and fixed income underweight." To navigate immediate macroeconomic uncertainties, the committee implements a "defensive factor tilt given our expectation for bouts of volatility."

Upcoming Economic Data

Investors will keep an eye on June’s flash U.S. manufacturing and services PMI data, set to be released by 9:45 a.m. ET.

Commodities, Crypto, and Global Equity Markets

Crude oil futures were trading lower by 0.42% to hover around $73.55 per barrel. Gold Spot US Dollar fell 1.94% to hover around $4,109.94 per ounce, while the U.S. Dollar Index spot was 0.14% higher at the 101.1620 level. Bitcoin (CRYPTO: BTC) was trading 2.79% lower at $62,299.54 per coin. Asian markets closed lower, with Hong Kong’s Hang Seng, Australia’s ASX 200, China’s CSI 300, India’s Nifty 50, Japan’s Nikkei 225, and South Korea’s Kospi all falling. European markets were also lower in early trade.

The Dow Jones Industrial Average unofficially gained 345.12 points, or 0.67%, to close at 52,016.15, extending the index's sustained upward momentum. This latest unofficial close builds on a session that had seen the index advance 219.95 points, or 0.43%, to 51,890.98 after market open, which itself followed the prior unofficial closing session where the index had gained 448.18 points, or 0.88%, to settle at 51,650.44.

Market Performance Overview

The Dow Jones has demonstrated consistent upward movement across successive sessions. The table below captures the key metrics across all three readings:

The prior session's unofficial close of 51,650.44 reflected a gain of 448.18 points, or 0.88%, pending final confirmation. The post-open reading of 51,890.98 marked a further advance of 219.95 points, or 0.43%. The latest unofficial close of 52,016.15, representing a gain of 345.12 points, or 0.67%, marks the most recent milestone in the index's continued upward trajectory.