FX.co ★ US Futures Hold Near Records

US stock futures pared earlier gains but remained near record highs on Tuesday, as optimism over the Iran conflict and robust corporate earnings was tempered by rising Treasury yields following strong economic data. Futures on the S&P 500, Dow Jones, and Nasdaq 100 were up about 0.3%. Markets largely looked past President Trump’s threat not to extend the ceasefire expiring tomorrow, which has kept energy exports from the region suspended.

Equity indices later gave up part of their advance and yields moved higher after core retail sales and ADP employment data both came in well above expectations, reinforcing signs of resilience in the US economy. Amazon rose more than 3% after committing over $20 billion in investment to Anthropic. GE Aerospace and UnitedHealth also advanced after delivering upbeat earnings. Apple was little changed after naming hardware chief John Ternus as its new CEO, effective December, succeeding Tim Cook.