Dow Jones Futures: Trump's Iran Comments Spark Stock Market Rally; Micron, Nvidia, Palantir, Tesla Are Big Movers

Futures for the Dow Jones Industrial Average and other major stock indexes traded lower ahead of Tuesday’s open. The stock market rebounded Monday after President Donald Trump postponed his Strait of Hormuz deadline, citing “productive” Iran war talks.

Meanwhile, Micron Technology (MU), Nvidia (NVDA), Palantir Technologies (PLTR) and Tesla (TSLA) were key movers Monday.

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Micron shares sold off an additional 4.3% Monday, triggering the 7% loss rule below a 455.50 buy point. Still, shares are trying to find support around their 50-day moving average.

Nvidia stock bounced 1.7%, snapping a four-day losing streak. But shares were unable to regain their 200-day line, a resistance level to watch. Palantir stock jumped nearly 7%, hitting its highest level since March 6. Shares are looking to retake their 200-day line for the first time since late January.

Finally, Tesla shares raced up 3.5%, ending a three-day losing streak, following a formal announcement that the EV giant will build a semiconductor factory in collaboration with SpaceX and xAI.

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**Find The Next Palantir, Nvidia Or Hot IPO. Here’s How.

**

Stock Market Today: Trump’s Iran Comments

President Trump told reporters Monday that his special envoy, Steve Witkoff, and son-in-law Jared Kushner held talks with a “top” Iranian leader Sunday night. Iran wants “very much to make a deal. We’d like to make a deal, too,” Trump said, adding that they will probably speak again today via phone.

The president said Iran will not have a nuclear weapon and that the deal would include regime change, pointing to Venezuela and “how well that’s working out.” But the U.S. will “just keep bombing” if talks fail, Trump said.

Furthermore, Trump said the country’s new supreme leader, Mojtaba Khamenei, did not partake in the discussions and said it is unknown whether he is still alive.

However, Iranian state media has denied that talks have taken place, with an unnamed senior security official saying they will “continue to respond and defend the country extensively.”

**Here’s How To Analyze Stocks Like Nvidia In Bull And Bear Markets

**

Dow Jones Futures Today: Oil Prices, Treasury Yields

On Monday, the Dow Jones Industrial Average climbed 1.4%, or 631 points, while the S&P 500 gained 1.15%. The Nasdaq composite advanced 1.4%. Oil prices tumbled more than 9% Monday, trading around $88.90 a barrel. The 10-year U.S. Treasury yield dropped to 4.33%.

Ahead of Tuesday’s opening bell, Dow Jones futures dropped 0.5% as did the S&P 500 futures. Nasdaq-100 futures also fell 0.5% in overnight trade. Remember that overnight action in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Unsure How To Invest In Stocks In This Market? Start Here

What To Do In Current Stock Market

Following the recent negative action on the major stock indexes, now is an important time to read IBD’s The Big Picture column. And on Monday’s “IBD Live” show, the team discussed current trading conditions and today’s stock market action.

An essential resource for daily breakouts is IBD MarketSurge’s “Breaking Out Today” list. It shows MarketSurge Growth 250 stocks that are breaking out past buy points. There were two new breakouts Monday, including Eton Pharmaceuticals (ETON). Shares broke out past a cup-base buy point of 23.

Meanwhile, the MarketSurge “Near Pivot” list shows more stocks nearing buy points in bases. For example, data-center leader Equinix (EQIX) is approaching a 992.90 flat-base entry.

To find more stock ideas, check IBD Stock Lists like the IBD 50, Big Cap 20 and Stocks Near A Buy Zone. These features identify bullish patterns and buy points and are available to check every day.

Be sure to follow Scott Lehtonen on X/Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.

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