Stock futures rise on report that the U.S. has sent Iran a plan to end the war: Live updates

Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on March 24, 2026.

Angela Weiss | AFP | Getty Images

Stock futures rose Tuesday night following a news report that the U.S. has given Iran a plan that could bring the conflict to an end.

S&P 500 futures and Nasdaq 100 futures advanced 0.7% and 0.8%, respectively. Futures tied to the Dow Jones Industrial Average gained 318 points, or 0.7%.

During the day’s regular session, all three major averages posted losses. The S&P 500 slipped 0.37%, while the Nasdaq Composite lost 0.84%. The blue-chip Dow fell 84.41 points, or 0.18%.

The moves came after President Donald Trump on Tuesday said that the U.S. is “in negotiations right now” with Iran. He added that Tehran is “talking sense” and suggested it is eager to make a peace deal.

The New York Times reported Tuesday afternoon that the U.S. is said to have sent Iran a peace plan to end the war, citing two unnamed officials. The 15-point plan was delivered by way of Pakistan, the outlet said.

Stocks gave back some of their gains from Monday, which saw all three averages soaring more than 1% after Trump wrote in a Truth Social post that the U.S. and Iran have held “very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East.” However, Iranian state media denied reports of these direct talks between the two nations.

Oil prices resumed rising on Tuesday after falling the day before. Michael Kantrowitz, chief investment strategist at Piper Sandler, pointed to the commodity as the primary market driver in recent days.

“We continue to see this as just an oil-driven, one-variable market,” he said on CNBC’s “Closing Bell: Overtime” Tuesday afternoon. “Oil and interest rates are driving the equity market. And for now, I think markets are priced appropriately for where conditions are, and we’ll continue to move and react as conditions evolve.”

He added: “I’m less concerned about the economy. I think the U.S. economy can certainly handle $90, $100 oil. I’m a little more concerned about interest rates and the fear of persistent inflation weighing on equity multiples.”

Chewy and Paychex are set to report earnings Wednesday before the bell. Traders will also watch out for February’s readings on the export and import price indexes.

— CNBC’s Kevin Breuninger contributed reporting.

ConocoPhillips CEO says ‘policy durability’ needed to return to Venezuela

ConocoPhillips has no plans to immediately return to Venezuela, said CEO Ryan Lance, speaking at S&P Global’s CERAWeek conference in Houston, Texas.

“They have a long ways to go to make make the country competitive globally to attract the kinds of billions of dollars of investments that are going to be required,” Lance said.

Among the concerns he cited are the need for physical security and contract guarantees as well as policy durablity in both Venezuela and the U.S.

“You need need policy durability — not only the Venezuelan side but the U.S. side,” Lance said. “What happens when another administration comes in? How are they going to view Venezuela?”

Conoco was among the companies that had their assets seized by President Hugo Chavez in 2007, and the company would want to recover some the $12 billion it is owed from the expropriation of its assets.

—Spencer Kimball

Seven of 11 GICS sectors traded positive on Tuesday

On Tuesday, seven of the 11 GICS sectors ended the session higher.

The energy sector, up 2.05%, led the gains.

On the other hand, communication services stocks were the laggard. The sector lost 2.50%, posting its worst daily performance since April 10, 2025, when it fell 4.13%.

— Lisa Kailai Han, Christopher Hayes

Stocks making the biggest moves after the bell: KB Home, GameStop, Braze

These are the stocks making the biggest moves in after-hours trading:

KB Home — Shares fell nearly 5% after the homebuilder reported fiscal first-quarter earnings of 52 cents per share, coming below the 55 cents per share analysts polled by LSEG had anticipated. The company’s $1.08 billion revenue also fell below the consensus estimate of $1.10 billion. Additionally, KB Home forecast current-quarter housing revenue and deliveries that missed StreetAccount estimates.

GameStop — The video game retailer was last trading marginally lower after reporting fiscal fourth-quarter revenue of $1.10 billion versus $1.28 billion from a year ago. Its adjusted earnings of 49 cents exceeded the 30 cents it had earned this time one year ago.

Braze — Shares surged 19% after the cloud-based software company reported fourth-quarter revenue of $205.2 million, while analysts polled by FactSet had expected $198.2 million. Braze also called for current quarter revenue that exceeded the Street’s estimate. However, its fourth-quarter adjusted earnings of 10 cents per share came in below the consensus expectation of 14 cents per share.

— Lisa Kailai Han