Stock Market Today: S&P 500, Dow Futures Jump As Trump Hints At Ending Iran War Even If Hormuz Remains Closed

U.S. stock futures rose on Tuesday following Monday’s mixed close. Futures of the major benchmark indices were higher.<br /><br />In the latest on the U.S.-Iran war, President Donald Trump hinted at ending the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed, the Wall Street Journal reported.<br /><br />Iran’s foreign minister, Abbas Araghchi, called on Saudi Arabia to "eject" U.S. troops from the kingdom, following an Iranian strike on a major American air base.<br /><br />Meanwhile, Israeli Prime Minister Benjamin Netanyahu announced that the joint U.S.-Israel mission in Iran has crossed a significant threshold.<br /><br />The 10-year Treasury bond yielded 4.32%, and the two-year bond was at 3.82%. The CME Group's FedWatch tool‘s projections show markets pricing a 97.4% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.<br /><br />The SPDR S&P 500 ETF Trust (NYSE: SPY) and Invesco QQQ Trust ETF (NASDAQ: QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Tuesday. The SPY was up 1.02% at $638.42, while the QQQ advanced 1.00% to $563.86.