Wall Street Struggles for Direction After Peace Deal Surge

U.S. stock futures are moving mixed Tuesday as investors react to updated U.S. and Iran peace deal reports. Optimism surrounding the pending ceasefire and reopening of the Strait of Hormuz helped lift the Dow Jones Industrial Average (DJI) to an intraday record yesterday, with futures today looking to extend these gains, up triple digits. Traders also kept an eye on SpaceX (SPCX), which continued its strong post-IPO rally, while oil prices moved below $80 per barrel for the first time in roughly three months.

Continue reading for more on today's market, including:

• Monitoring crosswinds as market volatility continues to ramp up, per Schaeffer's Senior V.P. of Research Todd Salamone.
• Why Applovin stock looks like a healthy pick for bull traders.
•  Plus, layoffs boost HOOD; Huntsman outlines buyout plans; and Pizza Hut gets sold.

5 Things You Need to Know Today

1. The Cboe Options Exchange saw more than 7.9 million call contracts and 7 million put contracts traded on Monday. The single-session equity put/call ratio fell to 0.89, while the 21-day moving average remained at 0.59. 
2. Robinhood Markets Inc (NASDAQ:HOOD) added 2% before the bell after announcing plans to reduce its workforce by 10%. HOOD has struggled for most of 2026 and now carries a 13.2% deficit for this time frame. The 100-day moving also average looms overhead, adding pressure to the stock's recent outperformance.
3. Huntsman Corporation (NYSE:HUN) is moving 10% lower in pre-market trading after the company announced plans to join forces with Olin through an all-stock merger. The shares are looking to extend multi-month highs and have added 58.9% year-to-date.  
4. Yum! Brands Inc (NYSE:YUM) gained 0.6% ahead of the open after agreeing to sell its Pizza Hut operation to private equity firm LongRange Captial for $2.7 billion. The equity is looking to extend its daily win streak to four, should these gains hold. YUM this past week moved back above the year-to-date breakeven mark.

5. Investors are tuning in for the latest Fed interest rate decision, later this week. 

Asian Markets Trade Mixed After BoJ Update

Asian markets finished mixed on Tuesday, as investors turned their attention to the U.S.-Iran peace deal. The Bank of Japan (BoJ) lifted its benchmark interest rate to 1%, its highest level since 1995, amid inflation concerns. Japan’s Nikkei inched 0.1% higher, while the South Korean Kospi enjoyed a 2.1% pop. Elsewhere, China’s Shanghai Composite slid 0.1%, while Hong Kong’s Hang Seng fell 1.4%.

European markets are moving higher, looking to extend yesterday’s gains.  London’s FTSE 100 last seen up 0.6%, while the French CAC 40 and German DAX rise 0.7% and 0.5%, respectively.