Traders work on the floor of the New York Stock Exchange (NYSE) before the closing bell in New York City on April 8, 2026.
Charly Triballeau | AFP | Getty Images
Futures tied to the S&P 500 were near flat on Monday night, following a strong session in which traders shrugged off a breakdown in peace talks between the U.S. and Iran, yet were optimistic that a deal between the two countries was still possible.
S&P 500 futures added 0.06%, while Dow Jones Industrial Average futures rose 10 points, or 0.02%. Nasdaq-100 futures climbed nearly 0.2%.
Wall Street once again proved resilient in the face of increased geopolitical uncertainty. The major averages posted solid gains to start the week even after U.S.-Iran negotiations over the weekend broke down. President Donald Trump also said Monday that, “We’ve been called by the other side.” He also said: “They’d like to make a deal very badly.”
Monday’s gains erased the S&P 500 losses suffered since the Iran war began.
SPX since Iran war began
“The market does have a really good way of discounting outcomes. And I think the reason it’s going up is … we’re gonna end up with a favorable outcome,” said Tom Lee, head of research at Fundstrat Global Advisors, on CNBC’s “Power Lunch” Monday.
Investors on Monday were also able to shrug off a jump in oil prices. West Texas Intermediate crude futures settled up 2.6% at $99.08 a barrel, while Brent crude advanced more than 4% to $99.36. Energy prices rose as the U.S. began a blockade in the Strait of Hormuz.
Heading into Tuesday’s session, investors will brace for the release of major bank earnings, with JPMorgan Chase and Wells Fargo set to report.
Those numbers will follow a mixed report from Goldman Sachs. Shares declined Monday after the company’s first-quarter fixed income trading revenue fell by 10% from the year-earlier period. That overshadowed a huge spike in investment banking fees and an overall profit that beat analyst expectations.