Dow Jones futures slip as traders adopt caution ahead of Trump’s Iran deadline
Dow Jones futures fall 0.2% to near 46,800 during European hours on Tuesday, ahead of the regular United States (US) open. Meanwhile, S&P 500 and Nasdaq 100 futures also decline 0.34% and 0.45% to near 6,620 and 24,250, respectively, at the time of writing.
US stock futures declined as traders prepared for US President Donald Trump’s approaching deadline for Iran to reopen the Strait of Hormuz. Trump had earlier warned that he could strike Iranian power plants and bridges if his demands are not fulfilled by 8:00 PM Eastern Time on Tuesday.
Moreover, Trump said on Monday that the latest proposal for a US ceasefire with Iran is “not good enough” ahead of his deadline for Tehran to reopen the Strait of Hormuz, though he noted it represents progress. “It’s a very significant step,” Trump added. “They’re negotiating now, and they’ve made a very significant step. We’ll see what happens.”
Meanwhile, Iran warned it would respond to any potential US strikes on civilian infrastructure by intensifying attacks on energy assets in the Gulf, a move that could further strain global energy supplies.
In regular US trading on Monday, the Dow Jones rose 0.36%, the S&P 500 advanced 0.44%, and the Nasdaq 100 increased 0.54%. Eight of the 11 S&P sectors closed in positive territory, with gains led by consumer discretionary, energy, and consumer staples.
Risk aversion increased as Iran's war lifted energy prices, fueling inflation fears and prompting a more hawkish Federal Reserve stance. Markets have fully priced in that the Federal Reserve will hold the federal funds rate steady this month, with borrowing costs likely to remain unchanged through year-end. CME Group’s FedWatch Tool indicates a 99.5% probability that the Fed will leave rates unchanged at the April meeting.
Traders are now looking ahead to the latest Federal Open Market Committee (FOMC) Meeting Minutes due on Wednesday, along with key inflation data set for release on Friday. On the corporate front, earnings from Delta Air Lines are also drawing attention this week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI trading retreats and corporate profit growth boost European stocks! Four-day winning streak halted but still on track for biggest weekly gain since July
European stock markets had previously risen for four consecutive trading days and reached record highs, but this rally could not be sustained. The Stoxx Europe 600 Index has climbed 2.2% this week and is on track for its largest weekly gain since July.
Nebius (NBIS.US) Q3 Conference Call: CEO Says AI “Demand Is Real and Huge”, Expects Pre-tax Break-even by Q4 2027
Nebius Group (NBIS.US) will release its Q3 2026 financial results before the market opens on November 12 (US Eastern Time) and hold a conference call on the same day.
Jensen Huang's resignation drags down AI trading, US three major stock index futures collectively fall, Nvidia stabilizes pre-market, Brent crude rebounds and breaks through $96
Nasdaq 100 index futures fell over 0.3%, and S&P 500 index futures declined 0.14%. Brent crude oil rose 0.37% to $96 per barrel. Spot gold increased 0.4% to $3,893.48 per ounce. Investors are now focusing on the US PPI data to be released tonight.
Invesco's Q3 Holdings Shuffle: Reduced Nvidia (NVDA.US) and Semiconductor Equipment Positions, SpaceX (SPCX.US) Holdings Surge to Over $10 Billion
Invesco has submitted its Q3 holdings report (13F) for the period ending September 30, 2026.
Crypto prices
More
