Stock Futures Slip as Trump Rejects Iran Peace Proposal

CNBC reported Sunday night that stock futures Iran traders were watching slid after President Donald Trump publicly dismissed Tehran’s latest ceasefire proposal, sending oil prices surging toward triple digits.

Futures linked to the Dow Jones Industrial Average fell roughly 143 points, a loss of about 0.3%. S&P 500 and Nasdaq 100 contracts each dropped a similar amount in overnight trading.

A Strong Week Before the Setback

The pullback follows a notably robust stretch on Wall Street. The S&P 500 and Nasdaq Composite each notched their sixth consecutive weekly gains, a streak neither index had managed since 2024. The Dow logged its fifth winning week in the last six. Both the S&P 500 and Nasdaq closed Friday’s session at all-time highs, lifted partly by an April jobs report that showed 115,000 new nonfarm payrolls — more than double the 55,000 economists had forecast.

Trump Dismisses Tehran’s Counteroffer

Iran’s semi-official Tasnim news agency reported that Tehran submitted a revised proposal to American negotiators. The offer reportedly centred on a full cessation of hostilities and the removal of sanctions. Trump responded on Truth Social in blunt terms, calling the proposal “TOTALLY UNACCEPTABLE” and indicating no agreement was imminent. Oil markets reacted quickly. West Texas Intermediate futures for June climbed nearly 4% to approximately $99.18 per barrel. Brent crude for July rose more than 3.4% to around $104.83 per barrel.

Background: Months of Conflict Weigh on Markets

The US-Iran conflict has been a persistent source of market anxiety for several months. Higher oil prices stemming from the war have already filtered into commodity costs globally. Data published over the weekend showed China’s consumer and producer inflation both rose more than expected in April, with analysts pointing to Middle East supply disruptions as a contributing factor.

What Investors Are Watching This Week

Despite the fresh uncertainty, some senior market voices remain measured in their outlook. Rick Rieder, chief investment officer of global fixed income at BlackRock, told CNBC that while the conflict may modestly slow the economy, underlying structural factors should keep the broader picture healthier than many fear. Investors will scrutinise the April consumer and producer price index reports this week for signs of war-driven inflation pressures. Earnings updates from companies including Under Armour and Cisco are also on the calendar. Asia-Pacific markets opened the week on mixed footing. South Korea’s Kospi jumped more than 4.7% to a fresh record, boosted by a surge in chip-sector stocks. Japan’s Nikkei traded flat, while Australia’s benchmark index lost around 0.8%.

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