Menu

Stock market today: S&P 500, Nasdaq, Dow futures falter ahead of pivotal week on report of Iran offer

US stock futures stalled on Monday as investors assessed a report that Iran has put forward a proposal to reopen the Strait of Hormuz, ahead of a high-stakes week for markets packed with Big Tech earnings.

Contracts on the S&P 500 (ES=F) and the Nasdaq (NQ=F) were broadly flat, after closing out last week at record highs. Meanwhile, Dow Jones Industrial Average futures (YM=F) fell roughly 0.2%.

Iran has put forward a new proposal to lift its blockade of the key Hormuz waterway and end the war, but would push nuclear negotiations to a later date, Axios reported.

Fears over inflationary pressures have buffeted markets, given restrictions on global oil and other supply flows threatens to push up prices across a wide range of industries. Efforts to resume peace talks hit the buffers at the weekend, with both sides pulling back.

Crude prices rose over 2%, with Brent crude futures (BZ=F) retaking $100 a barrel, and West Texas Intermediate (CL=F) topping $96 at last check.

Markets now turn to a pivotal stretch on the calendar. Quarterly results from five of the “Magnificent Seven” megacaps are due this week, and their earnings performance could test the resilience shown by stocks amid the Iran war.

This week also brings a policy decision from the Federal Reserve. The meeting is expected to be the penultimate one chaired by Jerome Powell before leadership transitions to Kevin Warsh.

LIVE 1 update

  • Goldman hikes oil forecasts again as ‘Hormuz shock’ builds

    Bloomberg reports:

    Goldman Sachs Group Inc. lifted oil-price forecasts as the prolonged closure of the Strait of Hormuz spurs “extreme” inventory draws.

    Brent is set to average $90 a barrel in the fourth quarter, up from a previous outlook for $80, analysts including Daan Struyven and Yulia Zhestkova Grigsby said in an April 27 note. The figure for that period is now “nearly $30 higher than before the Hormuz shock,” they said, adding to recent revisions.

    “We estimate that 14.5 million barrels a day of Persian Gulf crude production losses are driving global oil inventories to draw at a record 11 to 12 million barrel-a-day pace in April,” they said. Given that such “extreme inventory draws are not sustainable, even sharper demand losses could be required if the supply shock persists longer,” they added.

    Read more here.

Related Posts

Back To Top
the Ivy

The Ivy is our flagship newsletter delivered 3x per week (Mon, Wed, Fri) with a focus on investments that can stand the test of time. Investors who seek undervalued companies, passive income, or top-rated ETFs will find The Ivy to be the definitive financial newsletter.

the Burst

If you trade the markets seeking to find the next growth stock, The Burst was created for you. In this newsletter (delivered Tue/Thu), we spotlight companies that are changing the world as well as cryptocurrencies and blockchain projects disrupting the status quo.

the Spotlight

In our weekly Spotlight newsletter, we shine a light on “stand-out” companies that have high potential. You will also find an assortment of “big picture” topics covered, from economic insights to stock market outlook.

the Daily

We aggregate some of the best up to date investing stories and news from around the web and deliver it to you each day in The Daily.

Enter your email to join the tens of thousands of traders and investors already taking advantage of the complimentary Summa Money newsletters


© Summa Money 2026
Powered by WordPress • Themify WordPress Themes