07:28 AM EDT, 06/01/2026 (MT Newswires) -- The benchmark US stock measures were pointing higher before the opening bell Monday as traders assess the latest developments in the Middle East and await fresh labor market data later in the week.

The S&P 500 and the Nasdaq rose 0.2% each in premarket activity, while the Dow Jones Industrial Average added 0.4%. The indexes finished Friday's trading session at new highs.

The US and Iran exchanged messages over the weekend on amendments to a draft agreement that would extend their ceasefire and reopen the Strait of Hormuz, Bloomberg News reported Monday. Iran's semi-official Tasnim news agency said Sunday that both sides continued to propose amendments, but could ultimately reject each other's proposals, according to the report.

In a social media post on Monday, Trump said that Iran "really wants to make a deal" and that it will be a "good one" for the US and its allies.

Israel's Prime Minister Benjamin Netanyahu on Monday ordered the Israeli military to attack targets in Beirut, Lebanon.

West Texas Intermediate crude oil gained 3.6% to $90.53 a barrel before the open, while Brent inclined 3.1% to $93.96.

Investors will be looking ahead to fresh labor market data later this week, beginning with the Job Openings and Labor Turnover Survey for April on Tuesday, followed by the ADP employment report for May on Wednesday. The Challenger Job Cut report and the government's nonfarm payrolls data, both for last month, are scheduled to be released on Thursday and Friday, respectively.

Treasury yields were trending upwards in premarket action, with the two-year rate increasing 2.3 basis points to 4.04% and the 10-year rate rising 1.4 basis points to 4.47%.

Monday's economic calendar has the final Purchasing Managers' manufacturing index for May at 9:45 am ET, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am.

Shares of Nvidia ( NVDA ) advanced 2.2% pre-bell after the tech bellwether unveiled a new chip processor for Microsoft ( MSFT ) Windows laptops. Intel ( INTC ) dropped 5.1% while Adobe (ADBE) climbed 4.6%.

Taylor Morrison Home's ( TMHC ) stock jumped 22% after the homebuilder agreed to be acquired and taken private by multinational conglomerate Berkshire Hathaway ( BRK/A ) (BRK.A, BRK.B) in an all-cash deal with an equity value of about $6.8 billion.

Broadcom ( AVGO ) , Palo Alto Networks ( PANW ) and CrowdStrike ( CRWD ) are some of the major companies scheduled to report their latest financial results later this week. Hewlett Packard Enterprise ( HPE ) will release its earnings after the markets close Monday.

Gold fell 1.3% to $4,535 per troy ounce, while bitcoin decreased 1.1% to $72,601.