U.S. stock futures largely fell on Tuesday following Monday’s sharp resurgence. Futures of the major benchmark indices were mixed, with only the Nasdaq rising.
The rebound followed, President Donald Trump‘s Truth Social post on Monday that said the U.S. and Iran have held "very good and productive talks" on resolving hostilities and the strikes would be paused for the next five days.
However, senior Iranian officials rejected the claims. Iran’s Parliament Speaker Mohammad Bagher Ghalibaf said in a social media post on Monday that “no negotiations" happened with the U.S. and that Trump's announcement was a way to manipulate markets.
Meanwhile, the 10-year Treasury bond yielded 4.35%, and the two-year bond was at 3.86%. The CME Group's FedWatch tool‘s projections show markets pricing an 85.5% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were mixed in premarket on Tuesday. The SPY was down 0.053% at $655.03, while the QQQ advanced 0.034% to $588.20.
