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US STOCKS-U.S. stock futures subdued as talks with Iran stall
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US STOCKS-U.S. stock futures subdued as talks with Iran stall
May 11, 2026 3:42 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

* Futures: Dow up 0.02%, S&P 500 flat, Nasdaq up 0.03%

May 11 (Reuters) - Wall Street futures were subdued on

Monday, taking a breather after a record rally last week, as

investors fretted over signs of stalled talks between the United

States and Iran that pushed oil prices higher.

U.S. President Donald Trump's swift rejection of Iran's

response to a U.S. peace proposal sent crude

surging almost 3%, stoking worries that the 10-week-old conflict

could drag on and keep shipping through the Strait of Hormuz

paralyzed.

U.S. stocks touched fresh peaks last week, with the S&P 500

and the Nasdaq both closing at record highs on

Friday, buoyed by upbeat corporate earnings, a solid monthly

payrolls report and neither U.S. not Iran seeking escalation in

the war.

At 05:44 a.m. ET, Dow E-minis were up 9 points, or

0.02%, S&P 500 E-minis were up 0.25 points, or 0%, and

Nasdaq 100 E-minis were up 8.25 points, or 0.03%.

Investors will now look to Tuesday's consumer price index

data, which is expected to show inflation ticked higher in April

as the Middle East conflict puts upward pressure on energy

prices.

While the U.S.' status as a net oil exporter is expected to

provide some buffer, concerns about the conflict's impact on

consumer demand and companies still linger. Producer prices and

monthly retail sales figures are also due later in the week.

Also on the radar is a meeting between Trump and Chinese

President Xi Jinping later this week, when the two leaders are

set to discuss Iran, Taiwan, artificial intelligence and nuclear

weapons, while also weighing an extension of a critical minerals

deal, according to U.S. officials previewing Trump's two-day

visit to China this week.

The first-quarter reporting season will soon start winding

down, after a much stronger-than-expected performance from

companies, particularly in the technology sector, helped push

stocks to new highs.

Major names this week include tech networking giant Cisco ( CSCO )

and semiconductor equipment maker Applied Materials ( AMAT )

, while heavyweight names Nvidia ( NVDA ) and Walmart ( WMT )

are due to report later in the month.

Among Monday's movers, some airline stocks slipped in

premarket trading as rising oil prices threatened to squeeze

margins. Southwest Airlines ( LUV ), Delta Air Lines ( DAL ) and

United Airlines fell between 0.6% and 1.3%.

U.S.-listed shares of gold miners slipped as bullion prices

declined 1%. Newmont ( NEM ) slipped 1.8%, Sibanye

Stillwater lost 2.4% and Harmony Gold shed

2.2%.

(Reporting by Ragini Mathur in Bengaluru; Editing by Devika

Syamnath)

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