Stock Market Today: S&P 500, Dow Jones Future Fall As Trump Says He ‘Couldn’t Care Less’ If Iran Negotiat

U.S. stock futures fell on Tuesday, after a record close on Monday, starting the month of June on a positive note.

President Donald Trump appeared unfazed by the possibility of negotiations collapsing with Iran. “I really don’t care. I couldn’t care less,” Trump told CNBC when asked about reports suggesting Iran may halt talks with Washington.

He also predicted that crude would soon be “dropping like a rock” and gasoline would plummet to $1.85 a gallon once the crisis resolves.

Meanwhile, the 10-year Treasury bond yielded 4.43%, and the two-year bond was at 4.02%. The CME Group’s FedWatch tool‘s projections show markets pricing a 98.4% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

Stocks In Focus

Hewlett-Packard Enterprise

• Benzinga’s Edge Stock Rankings indicate that HPE maintains a strong price trend in the long, short, and medium terms, with a poor growth rank.

Alphabet

• Benzinga’s Edge Stock Rankings indicate that GOOGL maintains a strong price trend in the short, long, and medium terms, with a poor value score.

Super Micro Computer

• Benzinga’s Edge Stock Rankings indicate that SMCI maintains a strong price trend in the long, short, and medium terms, with a good quality score.

Marvell Technology

• Benzinga’s Edge Stock Rankings indicate that MRVL maintains a strong price trend in the long, medium and short terms, with a poor value score.

Palo Alto Networks

• Palo Alto Networks Inc. (NASDAQ:PANW) was 0.28% lower as analysts expect it to report earnings of $0.78 to $0.81 on revenue of $2.94 billion, after the closing bell.

• Benzinga’s Edge Stock Rankings indicate that PANW maintains a strong price trend in the short, long, and medium terms, with a solid growth score.

Cues From Last Session

Energy and information technology stocks bucked the overall market trend on Monday, closing the session higher, while most sectors on the S&P 500 closed on a negative note, with utilities, consumer discretionary, and real estate stocks recording the biggest losses.

Insights From Analysts

According to Jeffrey Buchbinder, Chief Equity Strategist for LPL Financial, the U.S. stock market is currently “fairly valued at its current forward P/E (21 to 22)” when factoring in the broader macroeconomic backdrop.

While Buchbinder acknowledges that stock valuations look elevated by traditional metrics, he believes they reflect “continued economic resilience, eventual inflation moderation, lower interest rates, and meaningful AI productivity gains.”

Looking ahead, Buchbinder remains optimistic, predicting that “this bull market extends through 2027.” Supported by massive AI investments and fiscal stimulus, LPL Research expects the U.S. economy to grow by 2% in 2026. Although geopolitical disruptions might briefly trim growth, it won’t be “nearly enough to bring recession into play.”

Buchbinder anticipates robust S&P 500 earnings per share of “$320 or higher in 2026 and over $350 in 2027.” Assuming a 22 P/E multiple, he notes the index’s fair value could potentially reach the “range of 7,700 to 7,800.”

Ultimately, while further equity gains are likely through year-end, he expects “earnings and cash flow growth to do the heavy lifting.”

Upcoming Economic Data

Here’s what investors will be keeping an eye on Tuesday.

• Cleveland Fed President Beth Hammack will speak at 8:55 a.m., and April’s job openings report will be out by 10:00 a.m. ET.

Commodities, Crypto, And Global Equity Markets

Crude oil futures were trading lower in the early New York session by 1.63% to hover around $90.72 per barrel.

Gold Spot US Dollar rose 1.06% to hover around $4,532.25 per ounce. Its last record high stood at $5,595.46 per ounce. The U.S. Dollar Index spot was 0.10% lower at the 99.1000 level.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 3.84% lower at $69,920.32 per coin, as per the last 24 hours.

Asian markets closed mixed on Tuesday, as Japan’s Nikkei 225 and Australia’s ASX 200 indices fell. While Hong Kong’s Hang Seng, South Korea’s Kospi, China’s CSI 300, and India’s Nifty 50 indices rose. European markets were mostly higher in early trade.

Photo courtesy: Shutterstock