U.S. Futures Slip After Record Close as Trump Dismisses Iran Talks Risk

U.S. equity futures retreated on Tuesday, Benzinga reported, reversing momentum from a record-setting session the day before. President Donald Trump told CNBC he was entirely unbothered by the prospect of nuclear negotiations with Iran breaking down entirely. The remarks added a layer of geopolitical uncertainty to an otherwise resilient market open.

Futures Slip as Geopolitical Tension Builds

S&P 500 futures edged down roughly 0.09% in early trading. Dow Jones futures fell about 0.28%, while Nasdaq 100 and Russell 2000 contracts each shed around 0.01%. Monday had seen broad indices close at fresh highs, making Tuesday’s pullback modest by comparison. Trump went further than dismissing the Iran risk. He predicted that crude oil prices would fall sharply and that gasoline could reach as low as $1.85 per gallon once regional tensions ease.

Bond Markets and Fed Expectations Stay Steady

The 10-year Treasury yield held near 4.43% early Tuesday. The two-year note yielded approximately 4.02%. Traders are not expecting any policy shift from the Federal Reserve at its June meeting. The CME Group’s FedWatch tool showed markets pricing in a 98.4% probability of rates remaining unchanged. That near-unanimous consensus is keeping rate-sensitive sectors from amplifying the day’s losses.

What Monday’s Session Revealed

Energy and technology shares were the only two sectors to finish higher in Monday’s session. Utilities, consumer discretionary, and real estate stocks all closed lower, suggesting selective risk appetite rather than a broad-based rally. The record close on the headline indices masked some underlying weakness across the market’s wider breadth.

Analyst Outlook and Stocks to Watch

Jeffrey Buchbinder, Chief Equity Strategist at LPL Financial, characterized U.S. equities as fairly valued at current forward price-to-earnings multiples of 21 to 22 times. He argued that elevated valuations are supported by economic durability, cooling inflation expectations, and productivity gains from artificial intelligence deployment. LPL Research is projecting roughly 2% U.S. economic growth for 2026, with Buchbinder suggesting the current bull market could extend through 2027. Geopolitical disruptions, he added, were unlikely to tip the economy into recession.

Several individual names are drawing attention this session. Palo Alto Networks (PANW) slipped ahead of its after-market earnings release, with analysts projecting revenue near $2.94 billion. Marvell Technology, Alphabet, and Hewlett-Packard Enterprise are also in focus given their strong price trends across near- and long-term momentum rankings.

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