Stock market today: Dow, S&P 500, Nasdaq futures waver as Israel-Iran ceasefire appears to hold

Updated Tue, Jun 24, 2025, 6:54 PM 1 min read

US stock futures wavered as the US-brokered ceasefire between Iran and Israel appeared to hold.

Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) slipped 0.1%.

As of Tuesday evening, there had been no reported strikes between Israel and Iran since initial attacks during the ceasefire prompted Trump to post on Truth Social, “DO NOT DROP THOSE BOMBS.” Indeed, Israel lifted nearly all emergency restrictions in the country, and Iran’s president, Masoud Pezeshkian, issued a statement marking “the end of a 12-day war that was imposed on the Iranian people.”

Stocks jumped and oil prices slid during the day Tuesday as investors bet the ceasefire would hold. Federal Reserve Chair Jerome Powell’s comments before Congress also boosted sentiment. Powell said that the central bank can wait for more economic data before cutting interest rates, but could still act “sooner rather than later.”

Investors are looking ahead to Friday’s release of the Fed’s preferred inflation gauge, the May Personal Consumption Expenditures (PCE) report, for more clues as to the central bank’s next move. Economists expect “core” PCE to have ticked up compared to April.