US‑Iran Ceasefire Boosts US Futures
Investors in Asian trading on Monday lifted US stock futures after an Axios report indicated that Washington and Tehran had agreed to stop hostilities around the Strait of Hormuz and resume negotiations in Doha. The report noted that the two sides plan to meet on Tuesday in Qatar, building on a June 17 interim peace agreement that had previously ended several weeks of escalating conflict in the Gulf.
Futures Performance
By 03:02 ET (07:02 GMT), S&P 500 futures were up 0.5% at 7,448.50 points, Nasdaq 100 futures rose 0.9% to 29,643.75 points, and Dow Jones futures traded 0.3% higher at 52,372.0 points.
Recent Hostilities
Over the preceding weekend, US forces struck Iranian military and surveillance facilities after a tanker was hit in the Strait of Hormuz, prompting renewed pressure on commercial shipping. President Donald Trump warned that Washington could be forced to “militarily complete the job” if attacks continued. Iran responded with missile and drone attacks on US installations in Bahrain and Kuwait and warned it could suspend negotiations if further US strikes occurred.
Oil Market Reaction
Crude oil prices ticked higher in Asian trading after having slid nearly 10% during the prior week, reflecting the easing of immediate geopolitical risk.
Technology Sector Context
Wall Street had suffered a sell‑off the previous week as investors rotated away from high‑growth technology names amid concerns over stretched valuations and slowing momentum in AI‑related stocks. The S&P 500 fell 2.0% and the Nasdaq Composite dropped 4.6%, marking the worst weekly performance for the Nasdaq in more than a year. Apple (NASDAQ:AAPL) rose 3.14% after the company raised prices on several MacBook and iPad models, citing surging memory‑chip costs driven by booming demand from AI data centres.
Outlook
Market participants are now focusing on a busy week that includes US labor market data and second‑quarter earnings updates from major companies. With US Independence Day approaching, trading volumes may remain lighter than usual, though geopolitical developments in the Middle East are expected to remain a key driver of risk sentiment across global markets.