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Stock futures are little changed after Nasdaq Composite posts fresh record

2 h ago

U.S. equity futures were little changed late Tuesday as oil prices and bond yields eased on hopes for potential de-escalation in the war between the U.S. and Iran, with Dow Jones futures down 14 points (0.03%), S&P 500 futures up 0.02%, and Nasdaq-100 futures climbing 0.1%. In Tuesday's regular trading, the Dow fell 0.4% while the Nasdaq Composite gained 0.5% for its fourth straight positive session, hitting a new all-time intraday high and closing at a record; the S&P 500 finished marginally lower but remains about 0.7% off its all-time high. In Asia-Pacific, South Korea's Kospi added 1.79% at the open, the small-cap Kosdaq gained 0.84%, and Australia's S&P/ASX 200 rose 0.34%, while Japanese markets were closed for a holiday. Brett Ewing, chief market strategist at First Franklin Financial Services, told CNBC he expects the S&P 500 could hit 8,200 by year-end, raising his earlier target of 8,000. President Donald Trump said Tuesday that U.S. and Iranian officials met for three hours during the United Nations General Assembly in New York, describing it as a "very good meeting," after earlier stating he faces a "big decision" on whether to reach a deal with Tehran or "annihilate" the country. Oil prices eased slightly, with Brent crude and West Texas Intermediate each slipping about 1%. Treasury Secretary Scott Bessent said the U.S. is examining whether to prohibit exports of diesel, which reached a national average of $6.53 per gallon, citing refining capacity considerations. Traders will watch Wednesday's earnings results from General Mills, Paychex, and H.B. Fuller.