U.S. stock futures were near the flatline on Monday evening after renewed concerns about the impact of persistent tensions in the Middle East. Futures on the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) were up 0.06% and 0.02%, respectively, at 6:28 p.m. EDT on May 4, while the Nasdaq 100 (NDX) futures were down 0.01%.
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Trade QQQ with leverageIn the regular trading session, major indices fell as oil prices jumped amid rising tensions in the Middle East. Stocks had been mixed earlier in the session before the United Arab Emirates said it intercepted Iranian missiles. Overall, the Dow Jones, the S&P 500, and the Nasdaq were down 1.1%, 0.4%, and 0.2%, respectively.
A busy earnings slate awaits on Tuesday, with Pfizer (PFE), PayPal (PYPL), HSBC (HSBC), Anheuser-Busch InBev (BUD), Marathon Petroleum (MPC), Super Micro Computer (SMCI), AMD (AMD), BigBear.ai (BBAI), Joby Aviation (JOBY), Lucid (LCID), and Shopify (SHOP) set to report. Traders will also watch for new data on the U.S. trade deficit and the latest Job Openings and Labor Turnover Survey.