Stock Market Today: Dow Jones, S&P 500, Nasdaq 100 Gains as Trump Dismisses Iran Sanction Relief as 'Hoax'

Benzinga

U.S. stock futures pared earlier losses on Tuesday to advance, as the Dow Jones, S&P 500 and Nasdaq 100 indices rose, following Monday's lower close.  Oil prices rose amid ongoing indirect negotiations between Washington and Tehran. While Iran expects a U.S. response “hopefully” by Tuesday, President Donald Trump dismissed reports of potential sanctions relief as a “HOAX,” insisting he has offered “NOTHING.”  Iran’s Supreme Leader Ayatollah Mojtaba Khamenei warned that “it won’t be long before the Arabian Sea rids itself of their presence too” following “painful blows” dealt by “the valiant [Iranian] fighters.”  Meanwhile, the 10-year Treasury bond yielded 5.24%, and the 2-year Treasury bond yielded 4.94%, at the last check. The CME Group’s FedWatch tool projections show markets pricing in a 72.5% likelihood of the Federal Reserve hiking interest rates after its October meeting.  The SPDR S&P 500 ETF Trust (NYSE: SPY) and Invesco QQQ Trust ETF (NASDAQ: QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Tuesday. The SPY was up 0.23% at $767.35, while the QQQ advanced 0.46% to $739.76.

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00:01U.S. stocks look set for a mixed opening on Tuesday with the Dow Jones and S&P 500 futures

00:07edging lower, while futures of the Nasdaq 100 index rose following Monday's lower close. Oil

00:13prices rose amid ongoing indirect negotiations between Washington and Tehran. While Iran expects

00:17a U.S. response, hopefully by Tuesday, President Donald Trump dismissed reports of potential

00:22sanctions relief as a hoax, insisting he has offered nothing. Iran's Supreme Leader Ayatollah

00:27Muhtaba Khomeini warned that it won't be long before the Arabian Sea rids itself of their

00:31presence too, following painful blows dealt by the valiant Iranian fighters. Meanwhile,

00:37the 10-year Treasury bond yielded 5.24% and the 2-year Treasury bond yielded 4.94% at

00:44the

00:44last check. The CME Group's FedWatch tool projections show markets pricing in a 72.5% likelihood of

00:50the Federal Reserve hiking interest rates at its October meeting. The SPDR S&P 500 ETF Trust

00:55and Invesco QQQ Trust ETF, which tracked the S&P 500 index and Nasdaq 100 index respectively,

01:01were mixed in pre-market on Tuesday. The SPY was down 0.038% at $765.32, while the QQQ

01:10advanced 0.12% to $737.44. Stocks in focus for today are AAR rose 4.21% in pre

01:19-market on Tuesday

01:20after posting better-than-expected results for the first quarter and issuing a strong sales forecast

01:25for the second quarter. Vail Resorts was 1.84% lower in Tuesday pre-market after reporting mixed

01:30results for the fourth quarter. NVIDIA was 0.94% higher after it announced a $150 billion share

01:36repurchase authorization increase. RTX was 0.4% higher as its Raytheon business won a $20.7 billion

01:43contract for missile production. Concentrix was 0.9% higher as analysts expect the company to post

01:49quarterly earnings of $2.71 per share on revenue of $2.48 billion after the closing bill.

01:56Thank you for watching and make sure to subscribe.

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