U.S. stock futures were steady on Monday night 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 down 0.01% and 0.02%, respectively, at 9:15 p.m. EDT on May 4, while the Nasdaq 100 (NDX) futures were up 0.03%.
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New trading tool for QQQ bullsIn 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.