New York, June 16, 2026, 06:02 EDT
• Dow futures ticked up in early U.S. premarket hours as S&P 500 and Nasdaq futures hovered near flat.
• Stocks rallied Monday after oil prices fell, U.S.-Iran worries cooled, and tech shares bounced.
• Traders now look to the Federal Reserve’s June 16–17 meeting, with a rate call expected Wednesday.
Stock futures in the U.S. barely moved early Tuesday, with Wall Street coming off a strong rally Monday. Investors weighed some relief after a tentative U.S.-Iran deal, but kept an eye on the upcoming Fed policy decision. Dow Jones futures were up 62 points, or 0.12%, to 51,804 by 5:06 a.m. ET. Nasdaq 100 futures added 58.50 points, or 0.19%, to 30,617.75. S&P 500 futures ticked up 1.75 points, or 0.02%, to 7,563, according to Markets Insider premarket data. Futures trade before the open and point to early direction, but can swing ahead of the bell. markets.businessinsider.com
Markets paused after Monday’s strong session. The Dow gained 468.77 points, or 0.92%, to close at 51,671.03. The S&P 500 added 122.83 points, or 1.65%, to 7,554.29. The Nasdaq Composite surged 795.10 points, or 3.07%, finishing at 26,683.94, according to Reuters. Investors stepped in after news of a U.S.-Iran preliminary deal, which cut worries of a drawn-out energy shock. Oil prices dropped, tech moved higher. “The market is responding to the peace deal,” said Peter Cardillo, chief market economist at Spartan Capital Securities, to Reuters. Reuters
Cheaper oil matters to stocks since it can cut inflation and help profit margins at airlines, retailers, logistics players and others sensitive to fuel. Brent crude closed down 4.76% at $83.17 on Monday, and West Texas Intermediate lost 4.87% to $80.75, Reuters said. Early Tuesday, WTI futures traded down another 2.48% at $78.75, with Brent falling 2.44% to $81.33, according to Markets Insider. The drop in crude helped travel and cyclical names rally Monday, while tech and chip shares pushed the Nasdaq higher as buying continued. Reuters
Bulls argue stocks can climb if oil keeps falling, the Strait of Hormuz reopens and cuts risk, and the Fed skips a hawkish move. Bears point to scant U.S.-Iran deal details, a rally that’s already priced in relief, and the chance the Fed pushes back on rate-cut bets. UBS Global Wealth Management now says it sees no Fed cuts in 2026 and expects a more hawkish message at this week’s meeting. A basis point is one-hundredth of a percentage point; a 25-basis-point change means 0.25 percentage point. Reuters
Selective pockets of the market still look good for investors after Monday’s rally. The S&P 500 and Nasdaq keep up their momentum, but chasing the overall market after a fast run carries headline risk if the Iran deal slips or Fed Chair Kevin Warsh hints at a prolonged high-rate stance. The Fed calendar shows the June meeting is set for June 16–17, with updated economic projections. The policy decision comes at 2:00 p.m. ET Wednesday, followed by a 2:30 p.m. ET press conference. Traders are watching Wednesday’s Fed statement, dot plot and Warsh’s first news conference as the next potential spark for U.S. stocks.
