US Stock Futures Hold Flat as 60-Day US-Iran Ceasefire Extension Keeps Wall Street Near Highs
Updated
Updated · CNBC · May 31
US Stock Futures Hold Flat as 60-Day US-Iran Ceasefire Extension Keeps Wall Street Near Highs
7 articles · Updated · CNBC · May 31
Dow futures slipped 30 points late Sunday while S&P 500 and Nasdaq 100 futures were flat, leaving Wall Street poised to open June near record highs.
A 60-day U.S.-Iran memorandum extending the ceasefire helped steady risk sentiment after Friday's rally, with investors reading it as a sign Washington wants to avoid further escalation.
May ended strongly: the Nasdaq jumped more than 8%, the S&P 500 gained about 5%, and the Dow added nearly 3%, with all three indexes closing at fresh highs Friday.
Oil rose again Sunday even after last week's pullback, with WTI up 1.8% to $88.83 and Brent up 1.5% to $92.52; WTI still logged a nearly 17% drop in May.
Friday's nonfarm payrolls report is now the main market test, offering fresh clues on labor-market strength and the Federal Reserve's policy path.
Why are markets hitting records when oil shocks and AI job losses loom on the horizon?
As oil reserves dwindle, can the fragile U.S.-Iran deal prevent prices from soaring past $150 a barrel?
Will AI's productivity boom allow the Fed to cut rates, or will it trigger an inflation crisis?