Stock Futures Slip as Trump Rejects Iran Ceasefire Proposal

CNBC reported Sunday night that stock futures edged lower as Iran war negotiations deteriorated, with President Donald Trump publicly dismissing Tehran’s latest counteroffer.

Futures tied to the Dow Jones Industrial Average dropped roughly 143 points, or 0.3%, in overnight trading. S&P 500 and Nasdaq 100 futures each shed a comparable 0.3%.

A Strong Week Meets a Tense Weekend

The pullback follows an impressive run for equities. Both the S&P 500 and Nasdaq Composite posted six consecutive weekly gains — the longest such streak for each index since 2024. The S&P 500 surged more than 2% last week, while the Nasdaq added over 4%. The Dow rose a more modest 0.2%, but still notched its fifth weekly gain in the past six. Friday’s session capped the week with both the S&P 500 and Nasdaq closing at all-time highs.

April Jobs Report Added to the Optimism

Bullish momentum heading into the weekend was partly fueled by April’s nonfarm payrolls figure. The U.S. economy added 115,000 jobs last month, nearly doubling the 55,000 economists polled by Dow Jones had forecast. That upside surprise reinforced confidence in economic resilience despite ongoing geopolitical pressures.

Iran Proposal Rejected, Oil Jumps

Iran’s government submitted a new proposal to American negotiators over the weekend, seeking a broad end to hostilities on all fronts and the removal of sanctions on Tehran, according to Iran’s semi-official Tasnim news agency. Trump responded bluntly on Truth Social, writing that he had reviewed Iran’s offer and found it “TOTALLY UNACCEPTABLE.” Oil futures moved sharply higher following the rejection, reflecting renewed anxiety about supply disruptions tied to the conflict.

What Analysts Are Watching

Despite the overnight volatility, some on Wall Street urge calm. BlackRock’s chief investment officer of global fixed income, Rick Rieder, acknowledged the Iran war and related oil price shock could weigh on near-term growth. However, he argued that deeper structural strengths in the economy should limit the damage beyond what markets currently anticipate. Investors will scrutinize the April consumer price index and producer price index this week. Both reports could reveal how much the conflict is filtering into domestic inflation. Earnings from Cisco and Under Armour are also on the calendar.

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