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US STOCKS-S&P 500, Nasdaq futures edge up as investors weigh Mideast developments
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US STOCKS-S&P 500, Nasdaq futures edge up as investors weigh Mideast developments
Apr 6, 2026 5:08 AM

* Futures: Dow down 0.13%, S&P up 500 0.07%, Nasdaq up

0.31%

* Energy stocks dip tracking oil prices

* US nonfarm payroll jump the most in 15 months in March

* Soleno Therapeutics ( SLNO ) jumps after report Neurocrine nears

buyout

(Updates prices, adds comment)

By Purvi Agarwal and Avinash P

April 6 (Reuters) - Futures tracking the S&P 500 and the

Nasdaq ticked up on Monday after the main indexes marked their

biggest weekly jump in four months in the last session, as

investors assessed prospects of an end to the Middle East

conflict.

The U.S. and Iran received a framework of a plan to end the

hostilities, a day after President Donald Trump threatened to

rain "hell" on Tehran if it did not make a deal.

Still, investors drew some comfort from an Axios report,

citing four sources with knowledge of the talks, that the U.S.,

Iran and a group of regional mediators are discussing the terms

for a potential 45-day ceasefire.

Caution lingered as market optimism around prior efforts to

resolve the conflict faltered amid conflicting remarks by the

U.S. and Iran.

Oil prices fell on Monday and U.S. energy stocks were a

little lower in premarket trading. Halliburton ( HAL ) dropped

1.4%, while ConocoPhillips ( COP ) and Occidental Petroleum ( OXY )

fell 1.1% each.

Wall Street's main indexes ended mixed on Thursday but

posted their first weekly gains in six as the prospects of an

end to the conflict soothed investor nerves.

"The market continues to show signs of life following weeks

of pessimism and exhaustion, with battered technicals and

defensive positioning creating an opportunity for a relief

rally," said Mark Hackett, chief market strategist at

Nationwide.

"(But) it is unlikely that the market can sustain a steady

path higher until there are tangible signs of de-escalation and

normalization of the energy markets, but sideways volatility is

preferred to a continual march lower."

Trading volumes on Monday were expected to be thin as many

markets in Europe and Asia are closed for public holidays.

At 7:13 a.m. ET, Dow E-minis were down 62 points, or

0.13%, S&P 500 E-minis were up 4.5 points, or 0.07%, and

Nasdaq 100 E-minis were up 75 points, or 0.31%.

Prolonged closure of the Strait of Hormuz, an essential

chokepoint in global oil trade, has weighed on energy prices and

has reinforced inflation fears.

This week, investors will parse a slew of domestic data

including inflation readings to see if the price pressures have

trickled into the economy.

These would follow Friday's data that showed U.S. job growth

rebounded more than expected in March, with the increase in

nonfarm payrolls the biggest in 15 months.

The Institute for Supply Management's non-manufacturing PMI

for March will be watched later in the day.

Money market participants are not pricing in any easing from

the central bank this year, compared to two cuts they had

expected before the war broke out, per CME Group's FedWatch

Tool.

Among premarket moves, Soleno Therapeutics ( SLNO ) shares

surged about 40% after the Financial Times reported on Sunday

that Neurocrine Biosciences ( NBIX ) was nearing a deal to

acquire the rare genetics drugmaker for more than $2.5 billion.

U.S.-listed shares of cryptocurrency-linked firms rose, with

Coinbase and Strategy up 3.2% and 4%,

respectively, as bitcoin prices edged higher.

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