Stock futures rose on Tuesday as after a new report offered investors hope that the U.S.-Iran war could soon come to an end. Dow Jones Industrial Average futures gained 553 points, or 1.2%. Futures tied to the S&P 500 moved up 1.2%, as did Nasdaq 100 futures. The Wall Street Journal reported that President Donald Trump had told aides he was willing to end military hostilities in the Middle East even if the Strait of Hormuz remained largely shut. Technology, which has been under pressure since the conflict began, rose broadly in the premarket. The Technology Select Sector SPDR Fund (XLK) traded 0.6% higher. Nvidia climbed 1%, and Microsoft advanced nearly 2%. Still, crude prices remained higher after Bloomberg reported that Iran struck a Kuwaiti oil tanker in Dubai waters. The Dubai government’s media office said in a post on X that no injuries were reported and that “the safety of all 24 crew members has been secured.” Brent crude futures were up 4% to trade above $117 per barrel, and West Texas Intermediate futures advanced nearly 1% to above $103 per barrel. Wall Street is coming off a mixed session. The S&P 500 and Nasdaq declined, while the Dow eked out a small gain. The S&P 500′s Monday losses put it just over 9% off its closing high and were driven by declines in the technology sector, which slid more than 1%. But Art Hogan, chief market strategist at B. Riley Wealth Management, said that the recent pullback may reflect a typical market reset rather than anything out of the ordinary. “There’s a couple of narratives going on, but I think long term investors should keep in mind that 10% corrections are normal. They happen all the time. On average, every two years we have a 10% correction,” he said to CNBC. “It’s also important for investors to understand that the volatility in equities is the price you pay for the higher longer-term returns.” “We’ve had a smattering of positive days when there’s some whiffs of good news,” he added. Tuesday marks the final day of the month. The S&P 500 is down 7.8% in March. If that decline holds, it would be the benchmark’s worst monthly performance since September 2022 — when it plunged 9.3%. U.S. Treasury yields edged lower on Tuesday morning, as investors reassessed the outlook for Federal Reserve interest rates and continued to monitor developments in the Middle East. The yield on the 10-year Treasury was more than 2 basis points lower at 4.313%. Yields on 2-year and 30-year Treasurys fell by more than 2 basis points and more than 1 basis point at 3.803% and 4.892%, respectively. Asia-Pacific markets mostly fell on Tuesday as oil prices saw choppy trading after a report said that U.S. President Donald Trump was looking to avoid a prolonged conflict in the Middle East. South Korea’s blue-chip Kospi dropped nearly 4.26% to end at 5,052.46 while the small-cap Kosdaq lost nearly 5% to 1,052.39. The Korean won depreciated 0.84% to 1,529.9 against the U.S. dollar, hovering near its weakest level since 2009. Japan’s Nikkei 225 dropped 1.58% to 51,063.72, while the broad-based Topix reversed earlier losses to end 1.26% higher at 2,497.86. Australia’s S&P/ASX 200 added 0.25% to close the session at 8,481.8. Hong Kong Hang Seng index was marginally lower as of its last hour of trade, while mainland China’s CSI 300 fell 0.93% to finish at 4,450.05. India markets were closed for a holiday. Gold edged higher on Tuesday morning, but the metal remained on course to notch its biggest monthly decline in almost 17 years. By 3:30 a.m. ET, U.S. spot gold was trading around 1% higher at $ 4,553.69 per ounce. Front-month gold futures were up by 0.6% to settle at around $4,553.