U.S. stock futures pointed higher Monday morning, signaling that equities could extend gains for a third consecutive session. Dow futures were mixed, as investors weighed the latest developments in U.S.-Iran negotiations.
Oil prices fell as traders assessed what a potential U.S.-Iran deal could mean for global supply. A new agreement could bring more Iranian crude to market, adding downward pressure on prices.
The S&P 500 futures rose modestly, while Nasdaq futures also indicated a positive open. The moves come after the S&P 500 closed higher on Friday, building on a recent recovery from earlier volatility.
SpaceX shares rallied in premarket trading. The surge followed positive news around its next-generation Starship program, boosting investor sentiment in the broader aerospace sector.
Despite the gains, market participants remained cautious. Clarity on the U.S.-Iran agreement remains incomplete, leaving uncertainty that could shift trading sentiment throughout the day.
The dollar weakened slightly against major currencies, while Treasury yields moved little. Investors are now eyeing upcoming economic data releases for further direction.
Trading volumes are expected to be moderate as markets digest a mix of geopolitical news and corporate developments. The week ahead includes several key data points that could influence Federal Reserve policy expectations.
