Stock futures drop as oil rises amid reports that U.S. warship turned back in Hormuz: Live updates
The S&P 500 and Nasdaq Composite are coming off of a solid week, having notched fresh records on Friday.
AI Summary
U.S. stock futures rose modestly Sunday night as investors monitored U.S.-Iran developments, with S&P 500 futures up 0.2% and Nasdaq 100 futures gaining 0.1%. President Trump announced "Project Freedom" on Truth Social, stating the U.S. will help free cargo ships stranded by the Strait of Hormuz closure starting Monday, while oil prices retreated about 1.7% following Iran's Sunday confirmation of receiving a U.S. response to its peace proposal. Strong stock market performance has been supported by investor optimism over potential Middle East settlement and positive first-quarter earnings results.