U.S. Futures Slip as Trump Dismisses Iran Talks Collapse Risk

Benzinga reported Tuesday that U.S. stock futures fell at the open, pulling back after Wall Street posted record highs to close out May and begin June on a strong footing.

Trump Shrugs Off Iran Risk

The early selling was driven partly by geopolitical uncertainty. President Donald Trump told CNBC he was indifferent to the prospect of Iran abandoning negotiations with Washington. His words were blunt and unambiguous. Trump also forecast that crude oil prices would fall sharply once the standoff resolves. He predicted gasoline prices could drop to roughly $1.85 per gallon. The comments rattled traders who had been watching the Iran situation closely.

Also Read: Oil Markets Brace for Geopolitical Uncertainty

Where Futures Stood Early Tuesday

The stock futures fall was modest but broad. The Dow Jones Industrial Average futures declined around 0.28%. S&P 500 futures were off approximately 0.09%. Nasdaq 100 and Russell 2000 futures each shed roughly 0.01%. Treasury markets were relatively calm. The 10-year yield held near 4.43%, while the two-year note sat at 4.02%. Rate traders showed little anxiety heading into June’s Federal Reserve meeting. The CME Group’s FedWatch tool showed markets assigning a 98.4% probability to the Fed holding rates steady at that gathering.

Also Read: Fed Rate Expectations and the June Meeting

Stocks and Sectors in Focus

Several individual names were drawing attention ahead of the open. Marvell Technology, Alphabet, Hewlett-Packard Enterprise, and Super Micro Computer all featured strong price trend rankings. Palo Alto Networks slipped fractionally as analysts awaited its after-hours earnings report, with revenue estimates clustered near $2.94 billion.

Analyst Backdrop and Market Valuation

Jeffrey Buchbinder, Chief Equity Strategist at LPL Financial, offered measured optimism. He described the market as fairly valued at a forward price-to-earnings ratio of 21 to 22. He argued that elevated valuations reflect durable economic resilience, moderating inflation, and meaningful productivity gains tied to artificial intelligence investment. LPL Research projects U.S. GDP growth of around 2% in 2026. Buchbinder said geopolitical disruptions could shave some momentum, but not enough to tip the economy into recession. He forecast the current bull market extending through 2027.

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