U.S. stock futures rose early Tuesday, with Nasdaq futures gaining 0.8% and S&P 500 futures up 0.4% as of 4:00 a.m. ET, following a tech-led rebound on Wall Street in the previous session. President Donald Trump announced a near-final peace deal after a halt in hostilities between Israel and Iran, easing geopolitical tensions. The rebound reflected improved risk appetite among investors as technology stocks recovered and Middle East conflict concerns subsided.
U.S. Stock Futures Rise on Tech Rebound
As of 4:00 a.m. ET on Tuesday, Nasdaq futures rose 0.8%, S&P 500 futures were up 0.4%, Dow futures were up 0.1%, and Russell 2000 futures gained 0.5%. Retail sentiment for the SPDR S&P 500 ETF (SPY), an exchange-traded fund that tracks the S&P 500 Index, remained in 'bullish' territory. The Invesco QQQ Trust (QQQ) ETF, which tracks the Nasdaq-100 Index, moved to 'bullish' from 'neutral' a day ago.
Trump Announces Near-Final Israel-Iran Peace Deal
President Donald Trump announced a near-final peace deal following a halt in hostilities between Israel and Iran. The announcement contributed to easing geopolitical tensions and supported the positive sentiment in U.S. stock futures Tuesday morning.
Nvidia CEO Endorses Qualcomm Stock Publicly
Nvidia (NVDA) CEO Jensen Huang publicly endorsed a competitor during an industry event on Monday, telling investors to buy Qualcomm (QCOM) stock. The remarks came during a public industry event and marked an unusual public endorsement of a competitor by a major tech CEO.
Applied Digital Secures 210-Megawatt Lease Agreement
Applied Digital (APLD) gained retail attention and extended its gains with a 10% surge in early premarket on Tuesday after announcing a new 210-megawatt lease agreement at its Delta Forge 2 campus with a premier hyperscaler. The stock's premarket movement reflected investor enthusiasm for the data center capacity expansion.
GSK Acquires Nuvalent in $10.6 Billion Transaction
GSK agreed to acquire Nuvalent (NUVL) in a transaction valued at approximately $10.6 billion to absorb its oncology pipeline. NUVL stock rose over 35% in early premarket trade on Tuesday following the acquisition announcement.
OpenAI Files Confidentially for U.S. IPO
OpenAI confidentially filed paperwork for a U.S. initial public offering, just days after rival Anthropic took a similar step. Meanwhile, AI search startup Perplexity has reportedly said it plans to pursue an IPO in 2028 rather than rushing to market amid the current AI frenzy.
SpaceX IPO Attracts Over $10 Billion in Institutional Orders
According to reports, SpaceX's upcoming IPO has attracted more than $10 billion in institutional orders, making it one of the most anticipated public offerings in recent years. In a recent SpaceX presentation, Elon Musk shared his vision for AI satellites, orbital data centers and Moon-based manufacturing. Other space stocks such as AST Spacemobile (ASTS), Intuitive Machines (LUNR) and Rocket Lab (RKLB) have risen between 2% and 4% in early premarket trade.
Apple Unveils New AI Capabilities at Developers Conference
Apple (AAPL) stock remained lackluster in early premarket trading, despite the company's unveiling of new Apple Intelligence capabilities and expanded AI-powered productivity tools. Investors will be tracking further commentary from the Worldwide Developers Conference, which continues this week.
Pentagon Adds Alibaba, Baidu, and BYD to Military List
Reports indicate that the Pentagon added Alibaba (BABA), Baidu (BIDU), and BYD to an updated list of Chinese companies allegedly supporting China's military.
Rumble Secures 85.2% of Northern Data AG Shares
Rumble (RUM) extended its overnight rally after securing 85.2% of Northern Data AG's outstanding shares, reinforcing its AI pivot.
Cathie Wood's ARK Investment Purchases Pony AI Shares
Pony AI (PONY) stock rose 4% in early premarket on news that Cathie Wood's ARK Investment purchased 46,000 shares of the autonomous driving company.
Investors Track U.S. Trade Deficit and Existing Home Sales Data
On the economic front, investors are tracking the U.S. trade deficit and existing home sales data later today. Investors are also watching Washington as administration officials hold high-stakes White House meetings with law enforcement to navigate crucial regulatory hurdles blocking the CLARITY Act.
On earnings radar, watch out for quarterly reports from Uranium Energy Corp. (UEC), EHang Holdings (EH), Academy Sports and Outdoors (ASO), United Natural Foods (UNFI) and SailPoint (SAIL), among others, before the bell. Lakeland Industries (LAKE), Bark (BARK), Cracker Barrel (CBRL), and Domo (DOMO) report after market close today.
Other tickers trending on Stocktwits at the time of writing included Compass Pathways (CMPS), Nio Inc (NIO), Lucid Group (LCID), Nike Inc (NIKE), and Sofi Technologies (SOFI).
FAQ
What caused U.S. stock futures to rise on Tuesday?
U.S. stock futures rose on Tuesday following a tech-led rebound on Wall Street in the previous session and easing geopolitical tensions after President Donald Trump announced a near-final peace deal following a halt in hostilities between Israel and Iran. As of 4:00 a.m. ET on Tuesday, Nasdaq futures gained 0.8% and S&P 500 futures were up 0.4%.
What did GSK announce regarding Nuvalent?
GSK agreed to acquire Nuvalent (NUVL) in a transaction valued at approximately $10.6 billion to absorb its oncology pipeline. NUVL stock rose over 35% in early premarket trade on Tuesday following the acquisition announcement.
How much institutional interest did SpaceX's upcoming IPO attract?
According to reports, SpaceX's upcoming IPO has attracted more than $10 billion in institutional orders, making it one of the most anticipated public offerings in recent years.
