Market update: Mixed performance on Iran and other headlines

What happened: European stocks opened mixed on Tuesday, with traders weighing a fragile ceasefire between Israel and Iran. The S&P 500 closed down -0.07% on Monday, with the Dow Jones up +0.32%, as investors digested geopolitical tensions and awaited the ECB's policy decision. Stocks were broadly lower on Friday, with rising yields and renewed inflation fears cited as reasons for the sell-off. On Wednesday, stocks turned in a mixed performance, with the Dow down and the Nasdaq up. Futures jumped on Thursday, reversing the previous day's drop, as dip-buyers returned and oil prices pulled back.

Market impact: Energy stocks were negatively affected by the Iran-related geopolitical tensions, while tech stocks outperformed due to their perceived safety. The mixed performance across indices suggests a lack of clear direction, with investors cautious but not panicked. The Dow, which has a higher exposure to cyclical sectors, underperformed the Nasdaq, which is heavily weighted towards tech.

What to watch next: Investors will closely monitor the ECB's policy decision later this week for any changes in monetary policy. Earnings season continues, with several major companies reporting this week, including Walmart and Nvidia. Additionally, any further developments in the Iran situation could drive market sentiment.