Published on 06/04/2026 05:51 PM
US Stock Market Live Updates: US stock futures traded mixed on Monday, while oil prices edged lower, as investors continued to track developments in the US-Iran conflict.Futures linked to the S&P 500 rose 0.1%, while Nasdaq-100 futures gained 0.3%. Meanwhile, Dow Jones Industrial Average futures declined by 64 points, or 0.1%, suggesting a cautious start to the week after recent gains on Wall Street.Geopolitical developments remained in focus after US President Donald Trump warned of possible strikes on Iran if the Strait of Hormuz is not reopened by Tuesday. Tensions in the Gulf region over the weekend had also added to uncertainty in the markets.At the same time, reports of diplomatic discussions offered some support. The US and Iran are said to be considering proposals, including a potential 45-day ceasefire. Another plan, reportedly involving regional mediators, includes an immediate ceasefire and the reopening of the Strait of Hormuz.Oil prices were volatile but slightly lower. US West Texas Intermediate crude traded above $110 per barrel, down around 1%, while Brent crude eased 0.3% to above $108 per barrel.Overall, markets are likely to remain cautious in the near term, with geopolitical developments and crude price movements continuing to influence sentiment.
The next big test for global markets could come as early as Tuesday evening, with a looming deadline tied to Donald Trump’s push for a deal with Iran, according to financial services firm Raymond James.
Despite escalating tensions and disruptions linked to the Strait of Hormuz, markets have shown surprising resilience, leaving institutional investors puzzled.
“The question every institutional investor is asking themselves seems to be why we haven’t sold off harder, or had anything remotely close to a ‘capitulation’ day after five weeks of Hormuz being effectively closed,” said Tavis McCourt, institutional equity strategist at the firm.
McCourt attributed the market’s stability to strong economic momentum in early 2026, supported by recent data releases, as well as a backwardated oil curve that has helped soothe both credit and equity markets.
However, he cautioned that the next major trigger lies ahead. “The next hurdle for this market is the next Trump deadline for a deal with Iran this Tuesday evening,” he said, flagging the event as a potential inflection point for investors.
Shares of Netflix, Soleno Therapeutics and Twilio were among the key movers in premarket trade on Monday, driven by analyst upgrades and deal announcements.Netflix rose 1.5% after Goldman Sachs upgraded the stock to “buy” from “neutral.” The brokerage said the streaming giant is well-positioned to maintain its leadership in content acquisition and development, while also highlighting a strong likelihood of multiyear capital returns to shareholders.Shares of Soleno Therapeutics surged nearly 40% after Neurocrine Biosciences announced plans to acquire the company for $53 per share in cash, valuing the deal at around $2.9 billion. Neurocrine said the acquisition would bolster its medicine portfolio and reinforce its position in endocrinology and rare diseases.Meanwhile, Twilio gained over 3% after Jefferies upgraded the stock to “buy” from “hold.” The brokerage noted that Twilio is poised to play a critical role in the development and scaling of voice-based artificial intelligence.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.