01 Stock Market
Stock futures were down on Tuesday as oil prices fell after a wild session as traders kept a close eye on the latest developments out of Iran.
Dow futures fell 0.3%, S&P 500 futures fell 0.3%, and Nasdaq 100 futures fell 0.2%.
Notable Stock Movers: Chinese EV maker NIO (NIO) rose on results, with shares up 7%. Among megacaps, NVIDIA (NVDA) fell 0.42% at $181.88, Apple (AAPL) fell 0.42% at $258.80, and Advanced Micro Devices (AMD) fell 0.78% at $201.11. Earnings focus kept Oracle (ORCL) up 1.02% at $153.10. Crypto exposure Coinbase (COIN) gained 1.86% at $203.50, while healthcare platform Hims & Hers (HIMS) advanced 4.92% at $23.25. In autos, Tesla (TSLA) edged up 0.20% at $399.48. Chip supply names were mixed: TSMC (TSM) fell 0.43% at $347.21, while optics player Lumentum (LITE) rose 2.62% at $657.50. BioNTech down 17%. Rivian up 6%. Qualcomm down 3%.
Factor and thematic flows were active: oil proxies USO up 4.41% at $108.93 and UCO up 7.42% at $35.03 rebounded with crude’s retracement, while precious metals leveraged exposure AGQ rose 4.59% at $169.50 and bullion tracker SLV gained 2.46% at $80.18. AI optics beneficiaries drew interest alongside large-cap semis, and crypto-related equities stayed bid as digital-asset prices steadied.
02 Other Markets
• 10-year U.S. Treasury yield fell 0.13%, to 4.13%.
• U.S. Dollar Index rose 0.04% to 98.76.
• WTI crude oil futures fell 4.70% to 90.32 USD/barrel; COMEX gold futures rose 1.61% to 5185.90 USD/ounce.
03 Key News
Trump Says Iran War to End ‘Soon,’ Easing Oil-Shock Concerns
President Donald Trump said the US and Israel are making significant progress in the war on Iran and could end the conflict “very soon,” cooling a surge in oil prices.
Trump said the operation that began Feb. 28 is ahead of schedule, while cautioning that fighting would still not be over this week. The two allies continued to bomb Iran overnight and into Tuesday morning, with the Islamic Republic firing drones and missiles at targets across the Middle East in return.
Amazon Transitions Defense Workloads, Keeps Claude for Others
AWS is helping customers transition Department of War workloads off Anthropic technology to alternative models on its cloud, an Amazon spokesperson said on Tuesday.
Customers and partners can continue using Claude for all non‑DoW workloads, the spokesperson added.
Elon Musk's SpaceX Weighs Nasdaq Listing After Seeking Early Index Entry, Sources Say
Elon Musk's rocket and satellite maker SpaceX is leaning toward listing its shares on the Nasdaq for what could rank as the biggest initial public offering of all time, according to four people familiar with the company's thinking.
SpaceX wants early inclusion on the Nasdaq 100 index, making it a necessary condition for a potential listing on the tech-heavy exchange, two of the people said. Its plans could still change, said the people, who asked not to be identified because the discussions are confidential.
Kohl's Forecasts Muted Annual Sales, Profit Amid Stiff Competition
Kohl's on Tuesday issued muted full‑year sales and profit forecasts, as newly appointed CEO Michael Bender said the retailer is "resetting" its foundation after reporting weaker‑than‑expected holiday-quarter sales.
Shares of the company plunged 2% before the opening bell. The stock has fallen nearly 28% this year after gaining about 45% in 2025.