U.S. stock index futures pulled back Sunday night as geopolitical tensions in the Middle East intensified, pushing oil prices sharply higher after President Donald Trump issued a military ultimatum to Iran over access to the Strait of Hormuz, a critical global oil shipping route.
By 8:31 p.m. ET, S&P 500 futures were down 0.3% at 6,603.0 points, Nasdaq 100 futures declined 0.2% to 24,175.75 points, and Dow Jones futures dropped 0.4% to 46,535.0 points, reflecting growing unease among investors heading into the new trading week.
The after-hours losses stood in contrast to a strong prior week on Wall Street. All three major indexes posted their first weekly gains in six weeks, with the Dow Jones Industrial Average rising 3%, the S&P 500 climbing 3.4%, and the Nasdaq Composite leading the charge with a 4.44% advance. Investors had rushed to snap up undervalued stocks amid a brief easing of geopolitical concerns.
That optimism faded quickly after Trump took to Truth Social with an aggressive post warning Iran of imminent strikes on key infrastructure, including power plants and bridges, if the Strait of Hormuz was not reopened by 8:00 p.m. Eastern Time on Tuesday. The blunt ultimatum reignited fears of an expanded regional conflict with serious consequences for global energy markets and supply chains.
Oil prices responded swiftly, jumping over 2% during Asian trading Monday as energy markets began pricing in the possibility of prolonged disruptions to one of the world's most vital petroleum shipping corridors.
Adding another layer to market analysis, Friday's U.S. jobs report — published while stock markets were closed for the Good Friday holiday — showed nonfarm payrolls rebounded by 178,000 in March, reversing a revised 133,000 decline in February. The unemployment rate also improved, falling to 4.3% from 4.4%. ING analysts described the data as encouraging, suggesting the U.S. economy carries enough momentum to absorb geopolitical shocks, though they cautioned that persistent uncertainty could discourage employers from ramping up hiring in the months ahead.


Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms
Gold Prices Drop as Fed Rate Outlook and Iran Tensions Weigh on Market
Trump Questions Housing Bill as He Prioritizes SAVE America Act 



