Shares were set to advance after technology stocks rebounded during Monday's session, following a dip the previous week.
Oil declined on the news that Israel and Iran said they would pause strikes against one another.
"It seems the cycle of 'near a deal, not near a deal, escalation, de escalation, maybe back near a deal' continues," Deutsche Bank said.
"However for now we're back in the 'a deal is still possible' camp and in addition the AI trade has continued to bounce back this morning."
Tech stocks in the S&P 500 remained up 31% this quarter , with many citing encouraging fundamentals, such as businesses' surging spending on AI tools and the recent news that Anthropic would turn a quarterly profit ahead of expectations.
