Wall Street futures edged higher on Monday evening after benchmark indexes notched fresh record closes, as U.S. President Donald Trump discussed a new Iranian proposal to reopen the Strait of Hormuz.
S&P 500 Futures inched 0.2% higher to 7,217.0 points, while Nasdaq 100 Futures also gained 0.2% to 27,487.75 points by 20:10 ET (00:10 GMT). Dow Jones Futures edged up 0.1% to 49,397.0 points.
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Trump discussed Iran’s Hormuz Strait proposal In the regular session on Monday, the S&P 500 rose 0.1% to a record close, while the NASDAQ Composite gained 0.2% to an all-time high, supported by continued strength in technology stocks. The Dow Jones Industrial Average slipped about 0.1%.
The cautious optimism came as U.S. President Donald Trump discussed a new proposal from Iran aimed at easing the ongoing conflict, according to the White House.
The proposal includes steps such as reopening the Strait of Hormuz, a critical global oil artery, while deferring more contentious nuclear negotiations.
Oil prices remained elevated near multi-week highs, underpinning inflation concerns and limiting broader risk appetite.
Rising energy costs have been a key overhang for equities in recent sessions, particularly as tanker traffic through the Strait of Hormuz remains constrained.
Despite geopolitical risks, equities have been supported by strong momentum in technology stocks and optimism around artificial intelligence-driven growth.
Megacap earnings due this week Investor focus is now firmly on a packed earnings calendar this week, with results due from major technology companies including Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), and Meta Platforms (NASDAQ:META).
More than a third of S&P 500 companies are scheduled to report this week, with analysts expecting another quarter of solid profit growth.
Before the bell on Tuesday, results are due from companies including United Parcel Service (NYSE:UPS), General Motors (NYSE:GM), Coca-Cola (NYSE:KO), and JetBlue Airways (NASDAQ:JBLU).
In parallel, markets are bracing for the Federal Reserve’s policy meeting, where interest rates are widely expected to remain unchanged, but commentary from Chair Jerome Powell could offer clues on the future policy path.
