Dow, S&P 500, and Nasdaq futures rise 0.5%-0.6% after President Trump cancels Iran attack, easing geopolitical tensions.
US stock futures gained early Monday, with the Dow Jones Industrial Average rising 0.6%, while S&P 500 and Nasdaq-100 futures climbed 0.5%. The move follows President Trump’s decision to call off a military strike against Iran, shifting focus to diplomatic negotiations over the Strait of Hormuz. Oil prices fell and Treasury yields eased in response, boosting market sentiment after a volatile July closed on a positive note.
Investors are also bracing for a busy week of earnings, including reports from Palantir Technologies and SpaceX’s first quarterly results as a public company. Key economic data releases, such as the S&P Global PMI and ISM Manufacturing Index, will provide insights into the health of the manufacturing sector. The week’s highlight remains Friday’s July jobs report, expected to show continued employment growth.
The shift toward diplomacy in US-Iran tensions overshadowed concerns about escalating conflict, supporting risk assets. Futures gains suggest cautious optimism ahead of corporate earnings and economic updates.