U.S. stock futures gained Tuesday after oil prices reversed overnight. S&P 500 futures increased 0.87%, while Nasdaq 100 futures rose 0.86%. Dow Jones Industrial Average futures rose 432 points, or 0.95 percent. It is reported that President Donald Trump told aides he would cease Middle East military conflicts even if the Strait of Hormuz remained closed, raising futures. Source claimed that Iran hit a Kuwaiti oil ship in Dubai seas, boosting oil prices. The Dubai government’s media office posted on X that “the safety of all 24 crew members has been secured.” No injuries were recorded.

Brent crude futures rose 2% and West Texas Intermediate futures rose 3% before dipping 0.41% and 0.7%, respectively. Monday’s regular session saw the S&P 500 drop 0.39%, marking its third consecutive loss, while the Nasdaq Composite sank 0.73%. The 30-stock Dow rose 49.50 points, or 0.11%, defying the trend. Tech stocks fell more than 1% on Monday, sending the S&P 500 down 9% from its closing high. Art Hogan said the latest dip may be a market reset.

The narratives are different, but long-term investors should remember that 10% corrections are normal. They occur frequently. He told that 10% corrections occur every two years. “Investors must also realize that equity volatility is the price for higher long-term returns.” Hogan said: “We’ve had a smattering of positive days when there’s some whiffs of good news.” Several elements on Monday indicated Middle East geopolitical concerns. The CBOE Volatility Index, Wall Street’s fear barometer, reached 30 throughout the session, while U.S. oil prices increased to start the week.

In a Truth Social post, President Donald Trump said “great progress has been made” in the US’ “serious discussions with A NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran.” Trump announced on Sunday that Iran had accepted most of the U.S.’ 15-point plan to end the war and allowed 20 more oil ships to transit the Strait of Hormuz. Investors were also relieved when Fed Chair Jerome Powell said on Monday that inflation is under control and no interest rate hikes are needed. Markets will examine March’s consumer sentiment index and February’s JOLTS job openings on Tuesday.