Dow record, SpaceX rally, Federal Reserve decision 2026

Ahead of the Federal Reserve's upcoming complaint decision, investors steadied themselves Tuesday aft the anterior session's crisp gains, with SpaceX shares extending their post-IPO surge and broader futures showing small movement.

Monday's league saw the Dow decorativeness up 468.77 points, oregon 0.92%, notching some an intraday and closing record, portion the S&P 500 added much than 1% and the Nasdaq Composite surged 3.1%. By Tuesday morning, futures were astir level — Dow contracts were up 43 points, oregon 0.1%, S&P 500 futures edged higher, and Nasdaq 100 futures gained 0.2%.

Monday's gains came aft President Donald Trump announced a woody betwixt the U.S. and Iran. According to CNBC, a elder Trump medication authoritative indicated the memorandum of knowing had already been executed electronically the erstwhile Sunday, portion Pakistani Prime Minister Shehbaz Sharif confirmed that warring had ceased connected each fronts, with an in-person signing ceremonial acceptable for Friday successful Switzerland. Washington and Tehran person offered diverging nationalist accounts of what the statement contains, according to The Wall Street Journal.

Trump besides said the Strait of Hormuz would reopen connected Friday. On CNBC's "Squawk Box," Vice President JD Vance said the transition would "be opened successful a toll-free mode for the agelong term." Brent crude fell further connected Tuesday, dropping astir 2.7% to commercialized beneath $81 a barrel.

Premarket Tuesday, SpaceX shares were changing hands adjacent $208 — astir 54% supra the $135 IPO terms from past week — aft climbing 8% to 9%. A sustained premarket summation would beryllium capable to propulsion SpaceX's valuation past Amazon's. The institution besides announced a woody to get AI-coding startup Cursor for $60 billion.

Central banks dominated the planetary economical calendar Tuesday. Earlier successful the session, the Bank of Japan brought its argumentation complaint to its highest constituent since 1995, lifting it by a 4th percent point, portion Australia's cardinal slope opted to permission borrowing costs unchanged. Rate decisions from the Federal Reserve, the Bank of England, and the Swiss National Bank are each owed aboriginal successful the week, with nary of the 3 expected to marque changes.

Regional equity markets were mostly positive. The Nikkei 225 successful Tokyo touched a grounds intraday highest earlier finishing the league up 0.13%, and Seoul's Kospi precocious 2.11%, though the Hang Seng successful Hong Kong slid 1.64%. Across the Atlantic, the wide Stoxx 600 added 0.6%, with industrials and banks among the starring sectors.