U.S. stock futures are pointing higher on Tuesday, June 24, 2025, after President Donald Trump announced a ceasefire between Israel and Iran. This positive news has uplifted investor sentiment, causing futures associated with major indices to rise by about 1%, 0.8%, and 0.6%, respectively. Bitcoin is also benefiting, trading at over $105,000.
The yield on the 10-year Treasury note and gold futures are lower in reaction to the news. Oil futures have plunged following the ceasefire announcement, resulting in a decline in the shares of major energy companies. Chevron, ExxonMobil, and Occidental are all trading approximately 1%-2% lower in the premarket after posting losses yesterday.
Investors are cautiously optimistic amid the cooling of geopolitical tensions in the Middle East. Federal Reserve Chair Jerome Powell is set to testify before the House Financial Services Committee at 10 a.m. ET today.
Ceasefire boosts U.S. stock futures
Powell is expected to face tough questions, especially from President Trump’s allies, amid ongoing pressure to lower interest rates, currently at 4.25% to 4.5%. Trump has repeatedly urged for a significant reduction in interest rates to stimulate the economy. FedEx is scheduled to report its fiscal fourth-quarter results after markets close today.
Analysts are forecasting earnings of $5.88 per share, up from $5.42 per share a year ago, driven by the company’s ongoing cost-cutting efforts. Revenue is expected to decrease by about 1% year-over-year to $21.82 billion. FedEx shares have seen a nearly 20% decline this year but are up by about 1% in premarket trading today.
Amazon has announced plans to invest £40 billion (approximately $54.5 billion) in its U.K. operations over the next three years. The investment will fund the construction of four new fulfillment centers, the expansion of delivery stations, and the upgrade of existing operations, creating thousands of new jobs. This announcement comes as Amazon aims to strengthen its infrastructure and workforce in the U.K. Shares of Amazon have risen by about 1.5% in premarket trading following the news.
