Officially back to Bull Market - S&P 500 futures continue higher a day after benchmark wipes out Iran war losses

REDDIT.COMApr 14, 1:03 PM UTC

Key insights

  • S&P 500 futures are up, continuing Monday's rally that erased losses since the start of the Iran war. Tech stocks are leading the gains, supported by positive earnings and analyst ratings for companies like Oracle and SanDisk. The market is seemingly pricing in optimism regarding a potential US-Iran deal, contributing to the bullish sentiment.
Officially back to Bull Market - S&P 500 futures continue higher a day after benchmark wipes out Iran war losses

Stock futures moved higher on Tuesday following a strong session in which traders shrugged off a breakdown in peace talks between the U.S. and Iran, yet were optimistic that a deal between the two countries was still possible. Traders also navigated a slew of fresh corporate earnings results.

S&P 500 futures rose 0.3%, while those tied to the Dow Jones Industrial Average added 21 points. Nasdaq-100 futures climbed 0.5%.

Technology stocks supported the broader market for another day. Oracle rose nearly 5% in premarket trading, building on the more than 12% gain it saw in the prior trading day. Sandisk gained more than 2% on the heels of Evercore ISI initiating coverage with an outperform rating.

Monday’s gains erased the S&P 500 losses suffered since the Iran war began.

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