Jeenah Moon | Reuters
Futures tied to the Dow Jones Industrial Average were down 14 points, or 0.03%. S&P 500 futures added 0.02%, and Nasdaq-100 futures climbed 0.1%.
In Tuesday’s regular trading, the Dow fell 0.4%, and the Nasdaq Composite gained 0.5%, marking its fourth positive session in a row. The tech-heavy index hit a new all-time intraday high and closed at a record. The S&P 500 finished marginally lower, but remains about 0.7% off from its all-time high.
In Asia-Pacific, The Kospi added 1.79% at the open, while the small-cap Kosdaq gained 0.84%. Australia’s benchmark S&P/ASX 200 was 0.34% higher. Japan’s markets are closed for a holiday.
Brett Ewing, chief market strategist at First Franklin Financial Services, told CNBC he thought the S&P 500 could hit 8,200 before the year is through.
“Our call at the beginning of the year was 8,000 on the S&P. We raised our target, believe it or not, in August to 8,200 by year-end,” he said.
President Donald Trump said Tuesday that U.S. and Iranian officials met for three hours during the annual United Nations General Assembly gathering in New York. He described it as a “very good meeting.”
Earlier Tuesday in his address to the U.N., Trump said he has a “big decision” over whether to reach a deal with Tehran or “annihilate” the country.
Oil prices eased slightly, with both Brent crude oil and West Texas Intermediate slipping roughly 1% each in the session.
Treasury Secretary Scott Bessent said Tuesday that the U.S. is deciding whether to prohibit exports of diesel, which reached a national average price of $6.53 per gallon, according to AAA.
“We’re examining whether it’s feasible in terms of the overall refining capacity and whether a full or partial ban would work,” Bessent said during a bilateral meeting between Trump and Ukrainian President Volodymyr Zelenskyy at the United Nations.
Going into Wednesday, traders will be watching earnings results from General Mills, Paychex and H.B. Fuller.
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