(Editor’s note: The future prices of benchmark tracking ETFs, and the headline were updated in the story.)
U.S. stock futures rose on Tuesday after Monday’s lower close, following the announcement of “Project Freedom” by President Donald Trump.
The U.S. military said on Monday that it destroyed six Iranian small boats and intercepted Iranian cruise missiles and drones as Tehran tried to disrupt President Trump’s new effort to reopen commercial shipping through the Strait of Hormuz.
Trump told Fox News on Monday that if Iran attacks American vessels, they will be “blown off the face of the Earth.” Asked on “The Hugh Hewitt Show” whether the ceasefire was over or a U.S. attack was imminent, Trump replied, “Well, I can’t tell you that.”
Meanwhile, the 10-year Treasury bond yielded 4.42%, and the two-year bond was at 3.93%. The CME Group’s FedWatch tool‘s projections show markets pricing a 95.9% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
| Index | Performance (+/-) |
| Dow Jones | 0.28% |
| S&P 500 | 0.34% |
| Nasdaq 100 | 0.55% |
| Russell 2000 | 0.54% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Tuesday. The SPY was up 0.50% at $721.57, while the QQQ advanced 0.74% to $677.87.
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