07:46 AM EDT, 04/06/2026 (MT Newswires) -- The benchmark US stock measures were mostly tracking in the green before Monday's opening bell as traders monitor the latest developments in the ongoing Middle East war and await key inflation data as well as minutes of the Federal Reserve's last policy meeting, both due later in the week.

The S&P 500 edged up 0.1% and the Nasdaq added 0.4% in premarket activity, while the Dow Jones Industrial Average was down 0.1%. The Nasdaq and the S&P 500 finished Thursday's trading session higher, while the Dow closed in the red.

US markets were closed on Friday for the Good Friday holiday.

The US and Iran have received a proposal put together by Pakistan to end their hostilities and reopen the crucial Strait of Hormuz, Reuters reported Monday, citing a source familiar with the plan. The proposal includes an immediate ceasefire followed by a broader agreement to permanently end the war, the report said.

In a social media post Sunday, President Donald Trump warned that the US will strike Iran's power plants and bridges if it doesn't open the Strait of Hormuz, the world's most important chokepoint for crude flows. "Tuesday will be power plant day, and bridge day, all wrapped up in one, in Iran," Trump said in the post. "There will be nothing like it!!!"

West Texas Intermediate crude oil declined 1.5% to $109.86 per barrel before the open, while Brent decreased 1% to $107.96.

Government data on Friday showed that the US economy added more jobs than expected in March, while the unemployment rate ticked down.

"Stability in the labor market should allow policymakers to sit tight and better assess the economic impacts stemming from higher oil prices over the coming months," TD Economics Senior Economist Thomas Feltmate said Friday. "While we still see a path for a few more rate cuts later this year, the window could be narrowing, especially if March's strength in the labor market were to persist and oil prices were to remain elevated."

Treasury yields were mixed in premarket action, with the two-year rate increasing 0.2 basis points to 3.85% while the 10-year rate retreated by 1 basis point to 4.35%.

Traders await minutes of the Fed's latest policy meeting on Wednesday for clues on any new insights into monetary policy. Last month, the central bank held interest rates steady, saying the ongoing Middle East conflict poses uncertainty to the US economic outlook.

Markets widely expect the Fed to keep its benchmark lending rate steady at its next policy meeting later in April, according to the CME FedWatch tool.

The delayed personal income and outlays report for February is scheduled to be released on Thursday, while the consumer price index for March is out on Friday.

Monday's thin economic calendar has the Institute for Supply Management's services index for March at 10 am ET.

Shares of Micron Technology ( MU ) gained 2.6% pre-bell while Sandisk ( SNDK ) inclined 3.3%. Soleno Therapeutics ( SLNO ) surged 39% as the company agreed to be acquired by Neurocrine Biosciences ( NBIX ) for $2.9 billion.

Delta Air Lines ( DAL ) , Constellation Brands ( STZ ) and Levi Strauss (LEVI) are expected to report their latest financial results later in the week.

Gold rose 0.8% to $4,715 per troy ounce, while bitcoin advanced 3.6% to $69,755.