Stock futures rally sharply after de-escalation between the U.S. and Iran, while oil prices fall amid reduced geopolitical risk.
U.S. stock futures climbed Monday as tensions between Washington and Tehran eased, reducing fears of broader conflict. Dow Jones Industrial Average futures rose 1.1%, or nearly 600 points, while S&P 500 futures gained 0.9%. Nasdaq-100 futures also advanced, reflecting broad market optimism.
The move follows a pause in reciprocal attacks between the two nations, contrasting with last week’s heightened geopolitical risks. Oil prices declined sharply, reversing recent gains tied to supply disruption fears. Markets had priced in elevated risk premiums amid escalating Middle East tensions.
Investors are now shifting focus to upcoming earnings from major tech firms, including Apple, Amazon, Meta, and Microsoft, with hyperscaler cash levels in focus.