5 Things to Know Before the Stock Market Opens

• Dow and S&P 500 futures up 0.3-0.4%, Nasdaq futures up 0.6% as geopolitical uncertainty eases; WTI crude down 2% to $104/barrel after yesterday's spike
• Palantir shares fell despite beating earnings estimates and raising full-year guidance, with CEO citing 'erupting' U.S. demand, as valuation concerns and AI disruption worries weigh on the stock
• AMD earnings due after close with expectations for 30%+ year-over-year revenue and profit growth; job openings data (forecast 6.8M) and new home sales figures for February (631K) and March (660K) expected today

Market Summary: Stock Futures Rise as Middle East Tensions Ease

Market Overview:

Stock futures rebounded Tuesday morning after Monday's losses triggered by Middle East uncertainty. Dow and S&P 500 futures gained 0.3% and 0.4% respectively, while Nasdaq futures rose 0.6%. The recovery follows conflicting reports about a potential attack on a U.S. naval ship in the Strait of Hormuz, with officials confirming no ships were hit but six small boats were sunk.

Commodities:

• WTI crude oil futures dropped 2% to around $104/barrel after spiking Monday
• Gold futures up less than 1% at $4,570/ounce
• Bitcoin trading at $81,000, highest level since late January
• 10-year Treasury yield ticked lower to 4.4%

Key Company News:

Palantir (PLTR): Shares declined despite beating quarterly estimates and raising full-year guidance. CEO Alex Karp noted U.S. business is "erupting" due to high demand, though investors remain concerned about AI-related overvaluation.

AMD: Chipmaker reports earnings after close, expected to show revenue and profit growth exceeding 30% year-over-year, driven by AI hardware demand. Results follow strong performance from rival Intel last month.

Pinterest (PINS): Stock rallied after beating Q1 estimates with adjusted earnings of $0.27 per share and providing strong guidance for the current quarter.

Economic Data:

Job openings report (JOLTS) due at 10 a.m. ET, forecasted at 6.8 million for March versus 6.9 million in February. New home sales data for February (631,000 expected) and March (660,000 expected) also scheduled for release, amid sluggish labor market conditions tied to economic uncertainty.