U.S. stock futures traded mixed on Tuesday as investors monitored geopolitical tensions with Iran, disappointing revenue reports from OpenAI, and upcoming earnings from major S&P 500 companies.

Key Points

• S&P 500 futures fell 0.2% and Nasdaq 100 futures dropped 0.4% amid ongoing geopolitical uncertainty.
• President Trump expressed dissatisfaction with Iran’s latest proposal, keeping the Strait of Hormuz largely closed to shipping.
• OpenAI reportedly missed internal revenue and user growth targets, raising concerns about the sustainability of its infrastructure spending.
• BP shares rose after the company reported a $3.2 billion profit, more than doubling its earnings from the previous year.
• The Bank of Japan maintained interest rates at 0.75% but signaled potential future hikes due to persistent inflation risks.
• Approximately 35% of S&P 500 companies are scheduled to report earnings this week, including Visa, Coca-Cola, and T-Mobile.

Why it Matters

Market volatility is being driven by a combination of energy-related inflation fears and the high-stakes performance of major technology firms. Investors are closely watching how these geopolitical and corporate pressures influence central bank policies and the broader economic outlook for the remainder of the year.