US stocks rise on Israel-Iran ceasefire, tech rebound
US stock futures rose on Tuesday as a ceasefire between Israel and Iran eased geopolitical tensions and tech stocks rebounded. Nvidia's CEO Jensen Huang called the recent pullback a buying opportunity for AI. Vail Resorts and Mission Produce fell on earnings, while Amplitech Group surged on tech news. Investors await economic data on home sales and inventories.
*this image is generated using AI for illustrative purposes only.
US stock futures rose on Tuesday, driven by a ceasefire agreement between Israel and Iran and a rebound in technology stocks. The S&P 500, Dow Jones, and Nasdaq 100 all gained in premarket trading, following a mixed close on Monday. President Donald Trump announced early Monday that both nations were seeking an immediate ceasefire, shortly before Iran's armed forces confirmed they had ended military operations against Israel, though they warned of harsher attacks if strikes on Lebanon resume.
The market optimism was further fueled by encouraging remarks from tech leaders. Nvidia Corp. CEO Jensen Huang indicated that the recent market pullback offers a prime entry point for artificial intelligence (AI) investments. The Nasdaq rebounded on Monday, supported by this positive sentiment. Bond yields held steady, with the 10-year Treasury at 4.55% and the two-year bond at 4.15%. The CME Group's FedWatch tool shows a 98.2% probability that the Federal Reserve will leave interest rates unchanged in June.
Market Performance
Major indices showed strength in premarket trading. The SPDR S&P 500 ETF Trust (SPY) was up 0.45% at $742.54, while the Invesco QQQ Trust ETF (QQQ) advanced by 0.78% to $721.66. On Monday, the S&P 500 closed at 7,405.73, up 0.30%, while the Dow Jones fell 0.16% to 50,786.01. The Nasdaq Composite outperformed, rising 0.86% to 25,929.66.
| Index | Performance (+/-) | Value |
|---|---|---|
| Dow Jones | 0.16% | - |
| S&P 500 | 0.38% | - |
| Nasdaq 100 | 0.71% | - |
| Russell 2000 | 0.72% | - |
Stocks in Focus
Several stocks moved significantly on corporate news. Vail Resorts Inc. dropped 4.53% in premarket trading after reporting worse-than-expected third-quarter results. Mission Produce Inc. declined 5.43% following downbeat second-quarter results, though the company announced a $100 million buyback plan. Conversely, Amplitech Group Inc. surged 12.63% after distinguishing itself as the sole vendor showcasing a massive MIMO radio at the O-RAN ALLIANCE Global PlugFest Spring 2026. Nebius Group NV rose 4.59% on launching a physical AI living lab for robotics startups.
Economic Outlook and Data
LPL Financial maintains a positive outlook for equities over fixed income, citing a "broader narrative of resilience" or a "soft landing plus" scenario driven by AI investment. The firm expects further easing of geopolitical concerns. Investors are awaiting key economic data, including May's NFIB optimism index, April's trade balance, May's existing home sales, and April's wholesale inventories. Crude oil futures traded lower by 2.41% to around $89.10 per barrel, while gold rose slightly.
How sustainable is the current market rally if geopolitical tensions between Israel and Iran escalate again?
What impact will Jensen Huang's endorsement of AI investments have on capital flows into the tech sector over the next quarter?
Will the Federal Reserve maintain its current interest rate stance if upcoming economic data shows unexpected inflationary pressures?
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