Futures of the Dow Jones index advanced, while S&P 500 and Nasdaq 100 fell in premarket on Tuesday following Monday’s mixed close.
The White House confirmed that President Donald Trump discussed with his national security team a “new” proposal by Iran for ending the war. “I wouldn't say they're considering it. I would just say that there was a discussion this morning that I don't want to get ahead of, and you'll hear directly from the president,” White House Press Secretary Karoline Leavitt said.
Meanwhile, this week on Wednesday, investors will be closely watching the Federal Reserve’s meeting to gauge how the central bank is navigating interest rates amid the ongoing U.S.-Iran conflict.
The 10-year Treasury bond yielded 4.36%, and the two-year bond was at 3.82%. The CME Group's FedWatch tool‘s projections show markets pricing a 100% likelihood of the Federal Reserve leaving the current interest rates unchanged in its Wednesday meeting.
Index
Performance (+/-)
Dow Jones
0.16%
S&P 500
-0.09%
Nasdaq 100
-0.34%
Russell 2000
0.05%
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 lower in premarket on Tuesday. The SPY was down 0.73% at $709.95, while the QQQ declined 1.40% to $654.90, according to Benzinga Pro data.
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