Oil-fueled market bounce as Iran peace-talk hopes surface

1 min read
Source: CNBC
Oil-fueled market bounce as Iran peace-talk hopes surface
Photo: CNBC
TL;DR Summary

Futures rose after reports the U.S. sent Iran a peace plan to end the war, but the regular session finished with the major indices lower (S&P 500 -0.37%, Nasdaq -0.84%, Dow -0.18%). Trump said talks with Iran are ongoing and The New York Times reported a 15-point peace plan delivered via Pakistan, though Iran denied direct talks. Oil prices climbed, seen as the key market driver along with interest rates. Chewy and Paychex are due to report earnings before the bell, while seven of 11 GICS sectors rose and energy led gains; after-hours moves included KB Home, GameStop, and Braze. Stock futures opened higher again Tuesday night, with Dow futures up ~317 points and S&P/Nasdaq futures higher as well.

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