US stock futures rise on Middle East hopes and earnings

US futures rose Tuesday as investors hoped for Middle East de-escalation. Markets await bank earnings and producer price data to gauge market direction.

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Stock index futures in the United States edged higher on Tuesday morning as market participants weighed hopes for a diplomatic resolution in the Middle East against a busy schedule of corporate earnings and economic data. Investors are closely monitoring the geopolitical situation after President Donald Trump indicated that Iran might be seeking a deal, despite the U.S. military commencing a blockade of Iranian maritime traffic following stalled negotiations.

Pedestrians walk past the New York Stock Exchange on Wall Street. REUTERS/Brendan McDermid
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