Traders work on the floor of the New York Stock Exchange (NYSE) on June 18, 2026 in New York City, USA.
Gina Moon | Reuters
U.S. stock futures fell and oil prices rose on Sunday as Wall Street watched the latest developments in Iran war negotiations and awaited the release of closely watched inflation data by the Federal Reserve.
S&P500 futures Although it fell by 0.4%, Nasdaq 100 futures It was down 0.6%. Futures linked to the Dow Jones Industrial Average It fell by 0.4%.
Oil prices rose against the backdrop of uncertainty surrounding the Middle East conflict. us West Texas Intermediate Futures Prices rose nearly 3% to about $78 per barrel, while reaching international benchmarks. brent crude oil futures It rose more than 1% to about $81 per barrel.
The move came after President Donald Trump threatened on Sunday a new attack on Iran unless the country’s leader “immediately stops its highly paid proxies from stirring up trouble in Lebanon.” His remarks came as Vice President J.D. Vance met with Iranian officials ahead of the first round of negotiations in Switzerland after negotiations were earlier called off.
The three major U.S. indexes rallied on Thursday after falling on Wednesday, with investor uncertainty over the trajectory of monetary policy fueling the decline. The index ended the trading week higher, led by a rally led by semiconductor stocks on Thursday.
of S&P500 It’s up nearly 1% over the period, marking its 11th winning week in 12 years. Dow Jones Industrial Average It rose nearly 1% for the week, but Nasdaq Composite More than 2% progress. U.S. stock markets were closed on Friday for the Juneteenth holiday.
A key test for markets this week will be Thursday’s release of the May Personal Consumption Expenditure Price Index, the Fed’s preferred measure of inflation. Even excluding volatile food and energy prices, core PCE is expected to rise starting in April, according to economists surveyed by FactSet.
Expectations for rate hikes have been brought forward to October at the earliest following last week’s hawkish Fed meeting. Investors are now focused on inflation indicators that could signal the US central bank may start raising interest rates soon.
Tom Lee of Fundstrat Global Advisors believes that a number of catalysts could impact the market in the future, including the implementation of a special committee at the Federal Reserve and the impact on supply chains from the closure of the Strait of Hormuz, but the environment remains positive.
“We still believe that market conditions will change rapidly in the second half of this year and we’re going to have a very bear market-like situation, but we don’t want to stop and call out the top,” the company’s head of research said Thursday on CNBC’s “Closing Bell.” “I think the situation remains favorable for stock prices.”
