financetom
Market
financetom
/
Market
/
Wall St futures muted as investors monitor US-Iran negotiations
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Wall St futures muted as investors monitor US-Iran negotiations
Jun 22, 2026 2:47 AM

June 22 (Reuters) - U.S. stock index futures started the week on a subdued note, after Friday's public holiday, with investors monitoring developments in U.S.-Iran talks following a tense start.

Oil prices fell as much as 2% as the first round of talks concluded, with Washington and Tehran agreeing to a roadmap toward a final deal within 60 days.

Expectations that a peace deal would be reached helped the three key indexes end with significant weekly gains on Thursday with the Nasdaq gaining 2.4% as technology shares continued to drive markets higher.

"Following the announced US-Iran deal, the backdrop for equity markets remains broadly constructive: the AI tide is lifting all manufacturing boats, the US economy is holding up well, and EM economies have proved more resilient than in past crises," said Michele Morganti, senior equity strategist at Generali Investments.

At 04:53 a.m. ET, Dow E-minis were down 49 points, or 0.09%, S&P 500 E-minis were down 12 points, or 0.16%, and Nasdaq 100 E-minis were up 2.5 points, or 0.01%.

Shares of memory chipmakers moved higher in premarket trading, with Micron Technology and Sandisk gaining about 3.5% each. Intel rose 4.1%.

The next test for the rally will be Micron's quarterly results on Wednesday. Shares of the memory chipmaker have risen almost 300% for the year.

AI-driven optimism has underpinned Wall Street's recent rally, while a resilient economy and hopes of an end to the four-month-long Middle East war have aided the wider market.

The focus this week will be on Thursday's PCE data, the Federal Reserve's preferred gauge of core inflation. A hotter-than-expected print could add to expectations of a hawkish Fed following chair Kevin Warsh's first meeting on Wednesday where he underscored the need to curb inflation.

Markets currently expect a 25 basis point rate hike from the Fed in September, according to LSEG data. The two-year yield, which reflects near-term rate expectations, hit its highest level since early 2025 at 4.230%.

Comments from central bank speakers this week including New York President John Williams and Chicago President Austan Goolsbee will be closely watched, after policymakers signaled higher borrowing costs during last week's meeting.

Among other movers, SpaceX shares slipped 3.7% to $178 after two straight sessions of drops following a stellar debut.

Apogee Therapeutics jumped 53% after the Financial Times reported that AbbVie was near a deal to acquire the inflammatory disease drug developer for about $10.9 billion.

(Reporting by Twesha Dikshit; Editing by Mrigank Dhaniwala)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS-Wall Street climbs on tariff optimism, strong jobs data
US STOCKS-Wall Street climbs on tariff optimism, strong jobs data
May 26, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Indexes up: Dow 1.10%, S&P 500 1.07%, Nasdaq 0.92% * April nonfarm payrolls beat estimates * Apple ( AAPL ) slips as tariff costs weigh (Updates after markets open) By Sruthi Shankar and Purvi Agarwal May 2 (Reuters)...
TSX up 165 Points at Midday With Miners, Industrials, Leading
TSX up 165 Points at Midday With Miners, Industrials, Leading
May 26, 2025
12:10 PM EDT, 05/02/2025 (MT Newswires) -- The Toronto Stock Exchange is up 165 points at midday with most sectors higher. The biggest gainers are miners (+2%) and industrials (+1.7%), followed by healthcare, up 1%. Telecoms and utilities are the sole decliners, down 0.7% and 0.3%, respectively. Gold prices rose early on Friday following two days of losses as the...
US STOCKS-Wall Street climbs on strong jobs data, tariff optimism
US STOCKS-Wall Street climbs on strong jobs data, tariff optimism
May 26, 2025
* Indexes up: Dow 0.87%, S&P 500 1.07%, Nasdaq 1.24% * April nonfarm payrolls beat estimates * Apple ( AAPL ) slips as tariff costs weigh (Updates with late morning prices) By Sruthi Shankar and Purvi Agarwal May 2 (Reuters) - U.S. stock indexes rose on Friday, putting the S&P 500 on track for its longest winning streak in over...
Top Midday Stories: Stocks Rise on Better-Than-Expected Jobs Report; Apple Forecasts $900 Million Tariff Hit in Fiscal Q3
Top Midday Stories: Stocks Rise on Better-Than-Expected Jobs Report; Apple Forecasts $900 Million Tariff Hit in Fiscal Q3
May 26, 2025
11:50 AM EDT, 05/02/2025 (MT Newswires) -- All three major US stock indexes were up over 1% in late-morning trading on Friday thanks to a better-than-expected jobs report for April and hopes that the US and China may be inching closer to trade talks. The April employment report showed nonfarm payrolls rose by 177,000, above the 138,000 increase expected in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved