Stock futures ticked higher early Tuesday, following a strong session in which traders shrugged off a breakdown in peace talks between the U.S. and Iran, yet were optimistic that a deal between the two countries was still possible.

S&P 500 futures rose 0.2%, while those tied to the Dow Jones Industrial Average added 24 points, or 0.1%. Nasdaq-100 futures climbed 0.4%.

Wall Street once again proved resilient in the face of increased geopolitical uncertainty. The major averages posted solid gains to start the week even after U.S.-Iran negotiations over the weekend broke down. President Donald Trump also commented Monday that, “We’ve been called by the other side.” He also said: “They’d like to build a deal very badly.”

Monday’s gains erased the S&P 500 losses suffered since the Iran war began.

“The marketplace does have a really superb way of discounting outcomes. And I think the reason it’s going up is … we’re gonna end up with a favorable outcome,” noted Tom Lee, head of research at Fundstrat Global Advisors, on CNBC’s “Power Lunch” Monday.

Investors on Monday were also able to shrug off a jump in oil prices. West Texas Intermediate crude futures settled up 2.6% at $99.08 a barrel, while Brent crude advanced more than 4% to $99.36. Energy prices rose as the U.S. began a blockade in the Strait of Hormuz. This also touches on aspects of dividends.

On Tuesday, crude prices fell slightly.

Heading into Tuesday’s session, investors will brace for the release of major bank earnings, with JPMorgan Chase and Wells Fargo set to report.

Those numbers will follow a mixed report from Goldman Sachs. Shares declined Monday after the company’s first-quarter fixed income trading revenue fell by 10% from the year-earlier period. That overshadowed a huge spike in investment banking fees and an overall returns that beat analyst expectations.

Asia markets close mostly higher on expectations of an Iran-U.S. deal

Asia-Pacific markets closed mostly higher Tuesday, amid hopes that a deal between Washington and Tehran was still possible even as the U.S. blockades Iranian shipments in the Strait of Hormuz.

Japan’s Nikkei 225 ended Tuesday’s session 2.43% higher at 57,877.39, while the Topix gained 0.87% to 3,755.27.

Australia’s S&P/ASX 200 ended 0.5% higher at 8,970.8. Australian business confidence in March dropped, weighed by concerns over the Iran war that has led to a global oil shock, Reuters reported.

Mainland China’s CSI 300 index ended 1.19, according to a survey from National Australia Bank% higher at 4,701.28, while Hong Kong’s Hang Seng index gained 0.88% as of its last hour of trade.

The West Texas Intermediate was 2.80% lower at $96.31 per barrel as of 03:30 a.m. ET. Brent crude declined 1.22% to $98.14 per barrel.

— Justina Lee

Asia-Pacific markets rise on optimism over Iran-U.S. deal

Asia-Pacific markets opened higher Tuesday, amid hopes that a deal between Washington and Tehran was still possible even as the U.S. blockades Iranian shipments in the Strait of Hormuz.

Japan’s Nikkei 225 rose 2.43%, while the Topix gained 1.01%.

Australia’s S&P/ASX 200 was 0.53% higher. Australian business confidence in March dropped, weighed by concerns over the Iran war that had led to a global oil shock, Reuters reported.

Mainland China’s CSI 300 index rose 0.65, according to a survey from National Australia Bank%, while Hong Kong’s Hang Seng index was 1% higher. Investors in Asia will be watching out for China trade data later in the day.

The West Texas Intermediate crude was 2.37% lower at $96.73 per barrel as of 8:00 p.m. ET. Brent crude declined 1.82% to $97.51 per barrel.

Significant earnings coming up

On top of any developments on the U.S.-Iran war, investors will also parse through a slew of major earnings reports Tuesday. Here are some of the names set to post results:

JPMorgan Chase

Johnson & Johnson

Wells Fargo

Citigroup

— Fred Imbert

Uncertainly leads to investors buying tech, says Interactive Brokers

Tech outperformed Monday to lead the broader economy higher. The State Street Digital systems Select Sector SPDR fund (XLK) jumped around 2%, while the S&P 500 popped 1%.

Jose Torres of Interactive Brokers doesn’t necessarily see this as a sign of a healthy equity industry.

“Today’s narrow stock performance features investors reaching for tech shares as weakening economic fundamentals weigh on buyer engagement in most of the other equity sectors,” he commented Monday. “Participants want to be shareholders of companies that can weather elevated interest rates, climbing oil prices and a cyclical slowdown. The Magnificent , on the other hand7 names match these criteria.”

“But with earnings season almost in full swing and assets vulnerable to Washington-Tehran headlines, the bar is high for the overall industry to rally significantly, even as valuations have become more accommodative,” he added.

U.S. stock futures open little changed Monday evening

U.S. stock futures were little changed as trading kicked off Monday night. Furthermore, experts in portfolio note the continued relevance.

S&P 500 futures added 0.06%, while Dow Jones Industrial Average futures rose 10 points, or 0.02%. Nasdaq-100 futures climbed nearly 0.2%.

—Darla Mercado