S&P 500 futures edged higher Tuesday as renewed U.S.-Iran peace hopes pushed oil prices and Treasury yields lower. Dow futures climbed 0.4% while Nasdaq-100 futures hovered near break-even, and a separate Bloomberg analysis found 86% of S&P 500 companies have beaten earnings expectations so far in 2026.
S&P 500 futures moved up 0.1% ahead of Tuesday's open, while Dow Jones Industrial Average futures climbed 0.4%. Nasdaq-100 futures flirted with the break-even mark in early trading. Among exchange-traded funds, the State Street SPDR S&P 500 (SPY) rose 0.1% while the Invesco QQQ dipped 0.1% before the bell.
Oil slides on Iran peace signals
West Texas Intermediate crude tumbled more than 2% to around $93.60 a barrel, threatening to fall for a fifth straight session. Reports said Saudi Arabia is looking to reopen a critical pipeline this week. A report from Japanese news wire Kyodo, citing a senior Iranian government official, said Iran offered to reopen the Strait of Hormuz within seven days if the U.S. takes initial steps toward easing military pressure.
The 10-year Treasury yield ticked lower to 4.95%, and bitcoin declined to around $85,900. Inside the Dow, Apple shares climbed 0.4% Monday morning, while Chevron headed more than 1% lower in premarket trading amid the continued fall in oil prices. AMD lost nearly 2% Tuesday premarket, threatening to snap a five-day winning streak.
Earnings beats add a separate tailwind
Away from the Iran-driven moves, a Bloomberg analysis found that 86% of S&P 500 companies exceeded analyst earnings expectations so far in 2026. Massive AI-related spending has spilled over into corporate results across a variety of sectors, contributing to the beat rate.
Preliminary S&P Global U.S. manufacturing and services indexes for September are due Wednesday. President Donald Trump and Chinese President Xi Jinping are set to hold their summit in Washington, D.C. on Thursday.
Sources: Investor's Business Daily, The Motley Fool
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