U.S. stock futures edged lower Monday night as investors watched rising tensions between the U.S. and Iran after President Donald Trump rejected Iran’s latest proposal to end the conflict. Investors were also waiting for a key inflation report due later this week.
Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) Index were down modest 0.14%, 0.06%, and 0.07%, respectively, at 9:20 p.m. EDT on May 11.
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Trade QQQ with leveragePresident Donald Trump said that the month-old ceasefire between the U.S. and Iran looked weak after he rejected Iran’s latest proposal to end the war. Iran reportedly asked for war compensation, control over the Strait of Hormuz, access to frozen funds, and relief from sanctions.
Brent crude (CM:BZ) inched higher by 0.43% to about $104.68 per barrel, while WTI crude (CM:CL) gained 0.45% to around $98.51.
In the regular trading session, tech stocks lifted major U.S. indices, with the S&P 500 and Nasdaq closing at record highs. The Dow, the S&P 500, and the Nasdaq gained 0.2%, 0.2%, and 0.1%, respectively.
Looking ahead, D-Wave Quantum (QBTS), Oklo (OKLO), AstraZeneca (AZN), and On Holding (ONON) are set to report earnings on Tuesday. Traders will also watch for several key economic reports, including the U.S. Consumer Price Index (CPI) data, which is expected to show elevated inflation due to energy prices.