U.S. Futures Climb as Iran Truce Reports Ease Tensions Ahead of Key Economic Events: Dow Jones, S&P, Nasdaq, Wall Street
June 29, 2026 6:19 AM
IH Market News
U.S. equity futures traded higher early Monday as investors looked ahead to a packed week of economic releases and central bank commentary, while reports that the United States and Iran have agreed to suspend recent military action helped improve market sentiment.
Futures Move Higher
As of 03:11 ET (07:11 GMT), Dow Jones futures were up 107 points, or 0.2%, S&P 500 futures had advanced 36 points, or 0.5%, and Nasdaq 100 futures gained 223 points, or 0.8%.
Wall Street finished last week on a weaker note after reports suggested the planned initial public offering of ChatGPT developer OpenAI (NASDAQ:OAI) could be postponed. The news pressured artificial intelligence and data centre stocks, which have led markets higher on the back of significant AI-related investment.
“The deterioration in sentiment around AI has certainly weighed on the Nasdaq and capitalization-weight S&P, but by diminishing the stranglehold this industry has had on markets, money is being liberated to shift into more neglected areas,” analysts at Vital Knowledge said in a note.
Reports Suggest Diplomatic Progress Between Washington and Tehran
Media reports indicate that the United States and Iran have agreed to suspend military strikes around the Strait of Hormuz, reducing immediate concerns over one of the world’s most important energy shipping lanes.
According to The Wall Street Journal, citing U.S. officials and sources familiar with the negotiations, the two countries are preparing to restart diplomatic talks, potentially in Doha, although final arrangements are still being discussed.
The latest tensions followed attacks near the Strait of Hormuz last week, disrupting shipping activity through a route that carries roughly one-fifth of global oil and LNG supplies, making developments closely watched by financial markets.
Oil Prices Stay Supported
Energy markets remained firm, with Brent crude rising 0.5% to US$72.32 a barrel and U.S. West Texas Intermediate crude gaining 1.0% to US$69.91.
“The oil market has seen only modest gains this morning despite the re-escalation between the U.S. and Iran […],” analysts at ING said in a note to clients.
“Even so, we continue to believe the market is too optimistic about the timeline for a recovery in Persian Gulf supplies[.]”
Focus Turns to Central Banks and Jobs Data
Investors will now focus on the ECB’s Sintra Forum, where President Christine Lagarde is scheduled to deliver the opening address and Federal Reserve Chair Kevin Warsh will participate later in the week.
Attention will also centre on key economic indicators, including Eurozone inflation figures and Thursday’s U.S. non-farm payrolls report. Economists expect 114,000 jobs to have been added in June, while the unemployment rate is forecast to remain at 4.3%.
Ahead of the payrolls release, markets will also digest data on consumer confidence, job openings, private-sector hiring and manufacturing activity.
“Ultimately, the key directional catalyst will be June’s payrolls,” the ING analysts said in a note.
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Original: U.S. Futures Climb as Iran Truce Reports Ease Tensions Ahead of Key Economic Events: Dow Jones, S&P, Nasdaq, Wall Street