March S&P 500 E-Mini futures (ESH26) are up +0.38%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.58% this morning, giving up earlier gains after U.S. Treasury Secretary Scott Bessent said a proposed 15% global tariff could take effect this week.
Stock index futures initially moved higher after The New York Times reported on Wednesday that operatives from Iran’s Ministry of Intelligence used backchannels to reach out to the Central Intelligence Agency a day after the U.S.-Israeli attacks began. However, the report said U.S. officials were doubtful that either the Trump administration or Iran was ready for an off-ramp.
