U.S. stock futures were down on Monday night as investors weighed rising Middle East tensions, with a focus on Donald Trump’s Tuesday deadline for Iran to reopen the Strait of Hormuz. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) Index were down 0.51%, 0.26%, and 0.41%, respectively, at 12:40 a.m. EDT on April 7.
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New trading tool for QQQ bullsCrude prices moved higher, with Brent crude (CM:BZ) up 1.52% to $111.44 per barrel, while West Texas Intermediate (WTI) crude (CM:CL) rose 2.97% to $115.75 per barrel.
In the regular trading session, major indices closed modestly higher after President Donald Trump said Iran was “an active, willing participant” in talks to end the conflict, while warning that the U.S. would strike Iran’s power plants and bridges if Iran does not reopen Hormuz by Tuesday evening. The Nasdaq, the S&P 500, and the Dow rose 0.5%, 0.4%, and 0.4%, respectively.
Looking ahead, traders will be watching February’s durable goods orders and the consumer credit report on Tuesday.