DailyEdge

Stocks came under pressure Tuesday but continue to hover near record highs, staging a ferocious comeback since their April lows.

US stock futures retreated on Tuesday amid dwindling hopes for a quick resolution to Israel-Iran hostilities, as President Trump played down the prospect of a truce and the two continued to trade strikes.

The recent stock market rally hit a pause last week, as an Israeli airstrike on Iran sent oil prices higher and equities lower to end the first full trading week of June.

US stock futures sank on Friday as Israel's attack on Iran shook global markets, leading oil prices to spike after Iran reportedly described the strike a "declaration of war".

Stock futures fell early Thursday after the S&P 500 saw its first negative session in four, pressured by a slide in Boeing shares following a crash in India.S&P 500 futures lost nearly 0.6%, while Nasdaq 100 futures were down 0.5%.

U.S. and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade tensions.

Your own job is a binary event — you either have one or you don't. Labor market data so closely tracked by investors offers a different story about US employment, one told in the aggregate.

US stock futures trod water on Monday ahead of renewed US-China trade talks in London, as investors watched for signs either side is willing to dial down tensions and reach a tariff deal.

US stock futures climbed on Friday amid signs of a potential truce in the acrimonious feud between President Trump and Elon Musk, with the crucial monthly US jobs report on deck.

On Wednesday, a US auto parts group, MEMA, the Vehicle Suppliers Association, has urged immediate action over China's tighter controls on rare earth exports, warning the move could soon disrupt car production.