Traders at work at the New York Stock Exchange on May 7, 2026.
new york stock exchange
Stock futures fell Sunday night following a strong week on Wall Street as oil prices soared after President Donald Trump rejected Iran’s latest offer to end the war.
futures It fell 143 points, or 0.3%, in line with the Dow Jones Industrial Average. S&P500 futures and Nasdaq 100 futures They each fell 0.3%.
Sunday’s movements S&P500 and Nasdaq Composite Last week, they rose more than 2% and 4%, respectively. Both indexes recorded six consecutive winning weeks, each for the first time since 2024.
of Dow It rose 0.2% for the week, marking the fifth week of increase in the past six weeks.
Stocks ended the week higher after Friday’s April U.S. nonfarm payrolls report showed payrolls rose by 115,000, above the 55,000 expected by economists compiled by Dow Jones. Both the S&P 500 and Nasdaq closed at record highs on Friday.
Iran has sent U.S. negotiators a new proposal centered on ending the months-long conflict. Iran’s semi-official Tasnim news agency, citing sources, said the counter-proposal emphasized the need to end the war on all fronts and lift sanctions against Tehran.
In response, President Trump said in a post on Truth Social that he did not like Iran’s response, adding: “Totally unacceptable!” Oil futures rose in overnight trading following Trump’s rejection.
Nevertheless, some market watchers expect the U.S. market to remain resilient despite the uncertainty.
“The Iran war and subsequent oil price shock could cause the economy to slow slightly from its historical trajectory,” said Rick Rieder, chief investment officer of global fixed income at BlackRock. But “there are a lot of much larger structural factors that should keep the overall economy in much better shape than many people expect.”
Investors this week will focus on April’s consumer and producer price indexes, which could provide new insight into how the war is affecting inflation. Traders will also be keeping an eye on the following companies’ earnings reports this week: under armor and Cisco.
