U.S. stock futures slipped on Tuesday, taking a breather after Monday's record-setting session that kicked off June on a high note. The pullback comes as President Donald Trump brushed off concerns about collapsing negotiations with Iran, while a flurry of corporate news—from blockbuster earnings to massive capital raises—kept traders busy.

President Donald Trump appeared unfazed by the possibility of negotiations collapsing with Iran. "I really don't care. I couldn't care less," Trump told CNBC when asked about reports suggesting Iran may halt talks with Washington. He also predicted that crude would soon be "dropping like a rock" and gasoline would plummet to $1.85 a gallon once the crisis resolves.

Meanwhile, the 10-year Treasury bond yielded 4.43%, and the two-year bond was at 4.02%. The CME Group's FedWatch tool's projections show markets pricing a 98.4% likelihood of the Federal Reserve leaving the current interest rates unchanged during June's meeting.

The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust ETF (QQQ), which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Tuesday. The SPY was down 0.083% at $757.91, while the QQQ declined by 0.026% to $742.55.

Stocks In Focus

Hewlett-Packard Enterprise

• Hewlett Packard Enterprise Co. (NYSE:HPE) surged 26.60% in premarket on Tuesday after it reported higher-than-expected second-quarter results after market close. The company's EPS came in at $0.79, ahead of the consensus of $0.53 on revenue of $10.68 billion, beating the estimate of $9.79 billion.

• Market data rankings indicate that HPE maintains a strong price trend in the long, short, and medium terms, with a poor growth rank.

Alphabet

• Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) was 2.48% lower as the Google parent announced plans to sell stock worth $80 billion, including a $10 billion investment by Berkshire Hathaway Inc. (NYSE:BRK) to raise money for its AI buildout.

• Market data rankings indicate that GOOGL maintains a strong price trend in the short, long, and medium terms, with a poor value score.

Super Micro Computer

• Super Micro Computer Inc. (NASDAQ:SMCI) advanced 5.06% as it is a direct HPE rival in the high-density AI server market. The sympathy moves underscore the market's view that HPE's AI-driven demand surge isn't company-specific — it's a sector-wide tailwind.

• Market data rankings indicate that SMCI maintains a strong price trend in the long, short, and medium terms, with a good quality score.

Marvell Technology

• Marvell Technology Inc. (NASDAQ:MRVL) soared 25.32% as Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang said it was the "next trillion-dollar company" at the Computex conference in Taipei, Taiwan.

• Market data rankings indicate that MRVL maintains a strong price trend in the long, medium and short terms, with a poor value score.

Palo Alto Networks

• Palo Alto Networks Inc. (NASDAQ:PANW) was 0.28% lower as analysts expect it to report earnings of $0.78 to $0.81 on revenue of $2.94 billion, after the closing bell.

• Market data rankings indicate that PANW maintains a strong price trend in the short, long, and medium terms, with a solid growth score.

Cues From Last Session

Energy and information technology stocks bucked the overall market trend on Monday, closing the session higher, while most sectors on the S&P 500 closed on a negative note, with utilities, consumer discretionary, and real estate stocks recording the biggest losses.

Insights From Analysts

According to Jeffrey Buchbinder, Chief Equity Strategist for LPL Financial, the U.S. stock market is currently "fairly valued at its current forward P/E (21 to 22)" when factoring in the broader macroeconomic backdrop.

While Buchbinder acknowledges that stock valuations look elevated by traditional metrics, he believes they reflect "continued economic resilience, eventual inflation moderation, lower interest rates, and meaningful AI productivity gains."

Looking ahead, Buchbinder remains optimistic, predicting that "this bull market extends through 2027." Supported by massive AI investments and fiscal stimulus, LPL Research expects the U.S. economy to grow by 2% in 2026. Although geopolitical disruptions might briefly trim growth, it won't be "nearly enough to bring recession into play."

Buchbinder anticipates robust S&P 500 earnings per share of "$320 or higher in 2026 and over $350 in 2027." Assuming a 22 P/E multiple, he notes the index's fair value could potentially reach the "range of 7,700 to 7,800."

Ultimately, while further equity gains are likely through year-end, he expects "earnings and cash flow growth to do the heavy lifting."

Upcoming Economic Data

Here's what investors will be keeping an eye on Tuesday.

• Cleveland Fed President Beth Hammack will speak at 8:55 a.m., and April's job openings report will be out by 10:00 a.m. ET.

Commodities, Crypto, And Global Equity Markets

Crude oil futures were trading lower in the early New York session by 1.63% to hover around $90.72 per barrel.

Gold Spot US Dollar rose 1.06% to hover around $4,532.25 per ounce. Its last record high stood at $5,595.46 per ounce. The U.S. Dollar Index spot was 0.10% lower at the 99.1000 level.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 3.84% lower at $69,920.32 per coin, as per the last 24 hours.

Asian markets closed mixed on Tuesday, as Japan's Nikkei 225 and Australia's ASX 200 indices fell. While Hong Kong's Hang Seng, South Korea's Kospi, China's CSI 300, and India's Nifty 50 indices rose. European markets were mostly higher in early trade.