Updated 1 min read
US stock futures held near flat levels Tuesday evening, pausing after a strong session that left the S&P 500 within striking distance of record territory.
Futures linked to the S&P 500, Nasdaq 100, and the Dow Jones Industrial Average all held steady around the baseline.
Earlier in the session, stocks rallied broadly. The S&P 500 (^GSPC) climbed 1.2%, while the Nasdaq Composite (^IXIC) surged 2%. The Dow Jones Industrial Average (^DJI) added 317 points, marking a solid gain for blue-chip names.
Momentum has been building: the S&P 500 has now posted gains in nine of the past 10 sessions and sits just shy of its late-January peak. Meanwhile, the tech-heavy Nasdaq Composite extended its winning streak to 10 consecutive days. Recent advances have effectively wiped out losses from the Iran war in the year-to-date.
Investor sentiment has been buoyed by developments in US-Iranian diplomacy. Trump indicated earlier this week that outreach between the two sides has taken place, fueling hopes for a potential agreement. Oil prices (CL=F),(BZ=F) fell on the news with no date set for a second round of talks.
Looking ahead, attention shifts to a busy earnings slate. Major financial institutions continue to report, including Bank of America (BAC) and Morgan Stanley (MS) before Wednesday’s open.
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