Traders work at the New York Stock Exchange on May 7, 2026.
NYSE
Stock futures edged lower Sunday night, following a winning week on Wall Street, as oil prices jumped after President Donald Trump rejected Iran’s latest proposal to end the war.
Futures tied to the Dow Jones Industrial Average slid 143 points, or 0.3%. S&P 500 futures and Nasdaq 100 futures each also lost 0.3%.
Sunday’s moves come after the S&P 500 and Nasdaq Composite rallied more than 2% and 4%, respectively, last week. Both indexes recorded their sixth-straight winning weeks — a first for each since 2024.
The Dow rose 0.2% for the week, notching its fifth week of gains out of the last six.
Stocks advanced to end the week on Friday after the U.S. nonfarm payrolls report showed an increase of 115,000 jobs in April, surpassing expectations of 55,000 from economists polled by Dow Jones. The S&P 500 and Nasdaq both ended Friday’s session at all-time highs.
Iran sent a new proposal to U.S. negotiators, centered on ending the monthslong conflict. The counteroffer stressed the need to end the war on all fronts and to lift sanctions on Tehran, Iran’s semi-official Tasnim news agency said, citing an informed source.
In response, Trump said in a Truth Social post that he did not like Iran’s response, adding that it was “TOTALLY UNACCEPTABLE!” Oil futures climbed in overnight trading following Trump’s rejection.
Nonetheless, some market watchers expect U.S. markets to remain resilient despite the uncertainty.
“The economy may slow somewhat from its prior path, due to the Iran war and subsequent oil price shock,” said Rick Rieder, chief investment officer of global fixed income at BlackRock. But, “there are many much larger structural components that should keep the aggregate economy in much better shape than many people expect.”
Investors this week will focus on the April consumer and producer price indexes, which may offer fresh insight into how the war is impacting inflation. Traders will also monitor earnings reports this week from companies such as Under Armour and Cisco.