Explore the latest developments concerning S&P 500 futures.
S&P 500 futures are little changed as traders watch for Strait of Hormuz deal, inflation data: Live updates
The S&P 500 was relatively unchanged on Monday amid growing doubts that the U.S. and Iran will come to a lasting resolution to the conflict in the near term.
The broad index traded up 0.1%, while the Nasdaq Composite shed 0.1%. The Dow Jones Industrial Average fell 24 points, or 0.1%.
Intel was a key laggard of the session, falling 4% after the company said it's going to be offering $15 billion in common stock.
Iran has said it is closing in on a deal with Oman to reopen the Strait of Hormuz, but Tehran has continued to resist direct negotiations with the U.S until several conditions are met.
Wall Street ticks lower as markets monitor Hormuz situation
Wall Street's main indexes inched lower on Monday after the S&P 500 and the Dow hit record highs last week, as investors weighed Middle East developments and awaited crucial inflation data and earnings.
Iran said it was close to a final agreement with Oman defining new shipping lanes between them, but repeated that the U.S. must meet several conditions before the strategic waterway reopens.
Easing energy flows through the crucial choke point could mitigate concerns over heightened oil prices that have spurred inflation worries and betson interest rate hikes by central banks worldwide.
Consumer and producer inflation readings due later this week could offer key clues on the Federal Reserve's monetary policy path, given Fed Chair Kevin Warsh's stance of offering muted forward guidance.
IPL Hair Removal Unlimited Flashes 9 Gears Laser Ice-Cooling Painless Electric Depilator For Men Women Body Bikinis intimate
US markets point to a mixed open and oil prices tick higher over Hormuz stalemate
A general view shows the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. (AP Photo/Yuki Iwamura)
NEW YORK (AP) — The U.S. stock market is drifting near its all-time high on Monday, while oil prices rise on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going again.
The S&P 500 rose 0.1% after flipping between small gains and losses, coming off its record set on Friday. The Dow Jones Industrial Average was down 61 points, or 0.1%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.1% higher.
Momentum is slowing for stocks following a rally powered by reports showing profits soared during the spring for big U.S. companies. Earnings per share for companies in the S&P 500 are on track to be 50% higher from a year earlier, according to FactSet. That would be the best growth since five years ago, when the economy was roaring out of the chasm created by COVID.
For more detailed information, explore updates concerning S&P 500 futures.
0 Comments