U.S. stock index futures rose on Tuesday as President Donald Trump announced a ceasefire between Israel and Iran, bringing investors some relief after 12 days of conflict in the Middle East hurt global risk assets and fanned inflation concerns.

Market Snapshot

At 08:26 a.m. ET, Dow E-minis were up 271 points, or 0.63%, S&P 500 E-minis were up 44 points, or 0.72%. Nasdaq 100 E-minis were up 218.25 points, or 0.99%.

Pre-Market Movers

Nano Labs shares rocketed 160% in premarket trading after it entered into a convertible notes purchase agreement. The computing chip company said it agreed to issue convertible promissory notes in the aggregate principal amount of $500 million.

Tesla rose 2% in premarket trading. The electric-vehicle company jumped 8.2% to $348.71 on Monday following the launch Sunday of its robo-taxi service in Austin, Texas. The gains Monday were the stock's largest since it rose nearly 10% on April 25, according to Dow Jones Market Data, the day the Transportation Department announced a new framework for self-driving cars.

Super Micro Computer was up 2.8% after tumbling 9.8% on Monday following an announcement the server maker planned a $2 billion senior convertible notes offering. Super Micro ended Monday's session as the worst performer in the S&P 500. It snapped a two-day winning streak but has risen 34% this year.

Circle Internet (CRCL) shares retreated 7% in pre-bell trading Tuesday after the Bank for International Settlements warned about the risks posed by stablecoins and urged countries to accelerate efforts to tokenize their own currencies.

Occidental Petroleum fell 2% and Exxon Mobil was down 1% as the energy stocks followed oil prices lower.

RTX Corp was falling 1.6%, Lockheed Martin declined 1.1%, and other defense companies traded lower after the cease-fire between Israel and Iran was announced.

FISERV INC rose 4%, adding to Monday's gains of 4.4% after the financial-technology company said it would launch a stablecoin and digital-assets platform for its clients by the end of the year. Mastercard, meanwhile, said Tuesday it would be integrating Fiserv's new FIUSD token across a range of the credit-card giant's products and services.

KB Home was down 0.6%. The home builder reduced its fiscal-year outlook after posting second-quarter earnings and revenue that fell from a year earlier. Home deliveries during the period fell 11%. KB Home expects housing revenue of $6.3 billion to $6.5 billion in the current fiscal year, down from prior guidance of $6.6 billion to $7 billion.

FedEx was up 1.1% in premarket trading ahead of fiscal fourth-quarter earnings from the shipping giant. FedEx will issue its report after the stock market closes Tuesday. Wall Street anticipates FedEx will report earnings of $5.87 a share on revenue of $21.8 billion.

Carnival The cruise line added nearly 3% ahead of its anticipated second-quarter financial report. Analysts are expecting earnings of 24 cents per share on revenue of $6.21 billion, according to FactSet.

Market News

Fed should wait on rate cuts with price hikes expected, Bostic says

The Federal Reserve need not cut interest rates with companies planning to raise prices later this year in response to higher import taxes and with the job market still stable, Atlanta Fed President Raphael Bostic told Reuters.

"I think we have some space and time" to watch how the tariff and other policy debates evolve, said Bostic in an interview at his office in downtown Atlanta. He sees the Fed only needing to approve a single quarter-point rate cut late in 2025, based on his view that economic growth will fall to perhaps 1.1% this year and inflation returning to nearly 3% by year's end.

Trump rebukes Israel for post-ceasefire strikes

President Donald Trump sharply rebuked Israel on Tuesday for its military response following a ceasefire deal, and accused both Israel and Iran of violating the agreement just hours after he announced it.

"I didn't like the fact that Israel unloaded right after we made the deal. They didn't have to unload and I didn't like the fact that the retaliation was very strong," Trump told reporters on Tuesday.