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US STOCKS-S&P 500, Nasdaq set for higher open as investors weigh Mideast resolution hopes
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US STOCKS-S&P 500, Nasdaq set for higher open as investors weigh Mideast resolution hopes
Apr 6, 2026 6:29 AM

* Futures: Dow down 0.06%, S&P up 500 0.11%, Nasdaq up

0.39%

* Energy stocks dip tracking oil prices

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

* Soleno Therapeutics ( SLNO ) jumps on Neurocrine's $2.9 bln

buyout deal

(Updates before markets open)

By Purvi Agarwal and Avinash P

April 6 (Reuters) - The S&P 500 and the Nasdaq were on

track for a higher open on Monday after Wall Street indexes

marked their biggest weekly jump in four months in the last

session, while 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, though Iran rejected any immediate move to reopen

the Strait of Hormuz. U.S. President Donald Trump set a Tuesday

deadline to reopen the waterway.

Still, investors drew some comfort from an Axios report that

cited sources familiar with the talks, that the U.S., Iran and a

group of regional mediators are discussing the terms for a

potential 45-day ceasefire.

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

little lower in premarket trading. ConocoPhillips ( COP ) and

Occidental Petroleum ( OXY ) fell about 1% each.

"The stock market is a very good barometer of future

activities ... it would imply that investors are at least

expecting a recovery from the selloff that we experienced," said

Sam Stovall, chief investment strategist at CFRA Research.

"Wall Street is willing to take a wait-and-see attitude, but

is betting that the outcome is positive."

Trading volumes on Monday were expected to be thin as many

markets in Europe and Asia are closed for public holidays.

At 8:41 a.m. ET, Dow E-minis were down 26 points, or

0.06%, S&P 500 E-minis were up 7 points, or 0.11% and

Nasdaq 100 E-minis were up 95 points, or 0.39%.

The CBOE Volatility Index, also known as Wall

Street's fear gauge, ticked up 1.07 points to 24.94 after three

sessions of declines.

"That's the market saying 'we think he blinks again - but

we're buying protection just in case'. This is the classic Trump

deadline extension trade, not genuine optimism," said Pete

Mulmat, head of brokerage strategy and operations at IG North

America, on why stocks and the VIX index were up simultaneously.

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.

Meanwhile, the 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 after Friday's data showed U.S. job

growth rebounded more than expected in March.

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 33% after Neurocrine Biosciences ( NBIX ) agreed to

acquire the rare-disease drugmaker for $2.9 billion in cash.

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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