Traders at work at the New York Stock Exchange on May 28, 2026.
new york stock exchange
Stock futures rose early Monday as Wall Street looked set to start June at record highs.
S&P 500 futures and Nasdaq 100 futures rose 0.29% and 0.57%, respectively. Futures tied to the Dow Jones Industrial Average added 58 points.
Stock prices ended May on a strong note, with all three major indexes posting solid gains. The Nasdaq Composite Index, which has a high proportion of tech stocks, led the rise, rising more than 8% for the month. The S&P 500 rose about 5%, and the Dow Jones Industrial Average rose nearly 3%.
Major stock averages closed at record highs on Friday after the United States and Iran reached a 60-day memorandum of understanding to extend a ceasefire.
President Donald Trump said he would meet in the Situation Room “to make a final decision” and reiterated that Iran “must agree to never have nuclear weapons.” He called for the “immediate opening” of the Strait of Hormuz.
“Trump clearly does not want escalation and is looking for a way out. Some sort of deal is very likely, and markets broadly assume a continued cessation of hostilities,” Adam Crisafulli, founder of Vital Knowledge, said in a note. “The actual announcement will likely trigger a ‘sell the news’ reaction across the S&P 500.”
Oil prices rose on Sunday after falling on Friday in response to these developments. West Texas Intermediate crude oil futures rose 1.8% to $88.83 per barrel and Brent crude oil rose 1.5% to $92.52. The U.S. benchmark posted its steepest monthly decline since April 2025, dropping nearly 17% in May.
Investors will be watching Friday’s closely watched nonfarm payrolls report this week for new insights into the health of the labor market and the Federal Reserve’s policy outlook.
