A television station broadcasts a news conference with US President Donald Trump on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026.
Michael Nagle | Bloomberg | Getty Images
S&P 500 futures were little changed on Monday night as President Donald Trump’s Tuesday deadline for Iran to reopen the Strait of Hormuz approached.
Futures tied to the broad market index and Nasdaq 100 were both trading marginally higher. Futures tied to the Dow Jones Industrial Average rose 108 points, or 0.2%.
During Monday’s regular session, the S&P 500 rose 0.44%, while the Nasdaq Composite added 0.54%. The blue-chip Dow gained 165.21 points, or 0.36%.
On Monday, Trump reiterated his warning that the U.S. will destroy Iran’s power plants and bridges if the nation does not reopen the Strait of Hormuz by 8 p.m. ET on Tuesday. Trump said in a news conference on Monday that he had decided to extend the deadline to Tuesday because he “thought it was inappropriate the day after Easter.”
“They have ’til tomorrow,” the president said. “Now we’ll see what happens. I can tell you, they’re negotiating, we think in good faith, we’re going to find out. We’re getting the help of some incredible countries that want this to be ended, because it affects them also.”
Axios reported that the U.S., Iran and other mediators were discussing terms to reach a potential 45-day ceasefire that could lead to a permanent end to the war, citing sources with knowledge of the talks. Reuters also reported that that the U.S. and Iran on Monday were reviewing a plan brokered by Pakistan that could end the conflict.
Monday’s market rally seemed to serve as testimony to the optimism investors feel now that the end to the war appears to be near.
“Everybody was betting that it’s going to be short term and I think the market still is, and frankly, I still am too,” Barbara Doran, founder and CEO of BD8 Capital Partners, said on CNBC’s “Closing Bell: Overtime” on Monday afternoon. “The market will say, ‘OK, it’s going to be over soon,’ and then we can resume where we’re going, which is starting the year very bullish. And now you have also continued fiscal stimulus from the defense spending.”
On Tuesday morning, traders will watch out for preliminary numbers from February’s durable goods orders.