U.S. stocks were swinging between gains and losses on Tuesday, following Monday’s mixed close. Futures of the major benchmark indices were mixed.
The White House confirmed that President Donald Trump discussed with his national security team a “new” proposal by Iran for ending the war. “I wouldn't say they're considering it. I would just say that there was a discussion this morning that I don't want to get ahead of, and you'll hear directly from the president,” White House Press Secretary Karoline Leavitt said.
Meanwhile, this week on Wednesday, investors will be closely watching the Federal Reserve’s meeting to gauge how the central bank is navigating interest rates amid the ongoing U.S.-Iran conflict.
The 10-year Treasury bond yielded 4.36%, and the two-year bond was at 3.82%. The CME Group's FedWatch tool‘s projections show markets pricing a 100% likelihood of the Federal Reserve leaving the current interest rates unchanged in its Wednesday meeting.
| Index | Performance (+/-) |
| Dow Jones | 0.16% |
| S&P 500 | -0.09% |
| Nasdaq 100 | -0.34% |
| Russell 2000 | 0.05% |
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 lower in premarket on Tuesday. The SPY was down 0.18% at $713.88, while the QQQ declined 0.43% to $661.35.
Stocks In Focus
International Business Machines Corp
- International Business Machines Corp. (NYSE:IBM) was up 0.36% in premarket on Tuesday after it unveiled IBM Bob to help enterprise teams modernize software with governed AI workflows.
- Benzinga’s Edge Stock Rankings indicate that IBM maintains a weak price trend in the short, medium, and long terms, with a moderate growth ranking.
Bed Bath & Beyond
- Bed Bath & Beyond Inc. (NYSE:BBBY) surged 23.41% after the CEO, Marcus Lemonis, said in the first-quarter earnings call that its multi-year turnaround strategy is beginning to show measurable progress, as its operating costs dropped to their lowest in over 10 years.
- Benzinga’s Edge Stock Rankings indicate that BBBY maintains a strong trend in the short and medium terms, but a weak trend in the long term.
BP
- Benzinga’s Edge Stock Rankings indicate that BP maintains a strong price trend in the short, long, and medium terms with a poor growth score.
Sanmina
- Sanmina Corp. (NASDAQ:SANM) jumped 15.75% after reporting better-than-expected second-quarter financial results and issuing FY 2026 earnings guidance above estimates.
- Benzinga’s Edge Stock Rankings indicate that SANM maintains a strong price trend over the short, medium, and long terms, with a solid quality score.
Rambus
- Rambus Inc. (NASDAQ:RMBS) dropped 14.60% after reporting mixed first-quarter results after Monday's closing bell. Its quarterly earnings of 63 cents per share missed the consensus estimate of 64 cents, while revenue came in at $180.19 million, which beat the Street estimate of $177.93 million.
- Benzinga’s Edge Stock Rankings indicate that RMBS maintains a strong price trend in the short, medium, and long terms, with a poor value ranking.
Cues From Last Session
Communication services, financials, and information technology stocks finished the session higher on Monday, whereas most sectors across the S&P 500 ended negatively.
| Index | Performance (+/-) | Value |
| Dow Jones | -0.13% | 49,167.79 |
| S&P 500 | 0.12% | 7,173.91 |
| Nasdaq Composite | 0.20% | 24,887.10 |
| Russell 2000 | 0.043% | 2,788.19 |
Insights From Analysts
LPL Financial suggests that an “American Industrial Renaissance” is currently underway, supported by a convergence of structural forces rather than just political rhetoric. The firm identifies three primary drivers: supply-chain resilience, bipartisan industrial policy, and a domestic energy advantage.
Economically, this is evidenced by U.S. manufacturing construction spending surging to roughly $200 billion by early 2026 and capacity expanding for 51 consecutive months. However, they caution that this shift is a “selective industrial realignment” rather than “wholesale deglobalization.”
While the outlook for the manufacturing sector is robust, they remain skeptical about a corresponding surge in jobs, noting that “modern high-tech manufacturing” relies heavily on robotics and autonomous processes.
Regarding market strategy, LPL's Strategic and Tactical Asset Allocation Committee (STAAC) has moved to a “modest overweight in equities,” citing improved forward-looking risk-reward following recent market weakness.
They specifically favor the industrials and technology sectors. For investors, they suggest that implementation is key, stating: “Successfully building exposure in portfolios will require distinguishing between companies with global industrial exposure and those most directly levered to domestic manufacturing.”
Upcoming Economic Data
Here's what investors will be keeping an eye on Tuesday.
- February’s S&P Case-Shiller home price index data for 20 cities will be released by 9:00 a.m., and April’s consumer confidence data will be out by 10:00 a.m. ET.
Commodities, Crypto, And Global Equity Markets
Crude oil futures were trading higher in the early New York session by 2.66% to hover around $98.93 per barrel.
Gold Spot US Dollar fell 1.14% to hover around $4,628.60 per ounce. Its last record high stood at $5,595.46 per ounce. The U.S. Dollar Index spot was 0.12% higher at the 98.6160 level.
Meanwhile, Bitcoin (CRYPTO: BTC) was trading 1.13% lower at $76,796.47 per coin, as per the last 24 hours.
Asian markets closed lower on Tuesday, except South Korea's Kospi index. Hong Kong's Hang Seng, Australia's ASX 200, China’s CSI 300, India’s Nifty 50, and Japan's Nikkei 225 indices fell. European markets were mostly higher in early trade.
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