U.S. stock futures edged lower Monday as investors stayed cautious ahead of Donald Trump’s deadline for Iran to reopen the Strait of Hormuz, after Tehran rejected a ceasefire proposal.
S&P 500 futures fell 0.2%, Nasdaq 100 dropped 0.3%, while Dow futures were flat, despite a positive close on Wall Street earlier.
Tensions remain elevated, with Trump warning of potential U.S. strikes if the deadline is not met. Disruptions in the Strait—key to global oil supply—continue to fuel inflation concerns, while softer ISM services data pointed to slowing momentum in the U.S. economy.
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