Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting Club
PRO
LivestreamMenuTraders work on the floor at the New York Stock Exchange in New York City, U.S., June 3, 2026. Brendan McDermid | Reuters
U.S. stock futures hovered around the flatline Monday night after the major averages began the new week on a losing note, as tensions between the U.S. and Iran persisted and inflation concerns led to higher Treasury yields.
Dow Jones Industrial Average futures traded 25 points lower. S&P 500 futures fell marginally along with Nasdaq-100 futures.
The moves follow a losing session for stocks, as oil prices climbed more than 2% on uncertainty around a U.S.-Iran ceasefire that expired Monday. Negotiations between the countries have stalled, and President Donald Trump said he would attack Oman “if it gets in the way.”
The rise in oil prices stoked inflation fears, driving longer-dated Treasury yields higher. The 30-year Treasury bond yield reached a peak not seen since June 2007.
Leading the way lower for stocks were the Dow and S&P 500, with each benchmark losing 0.5%. The Nasdaq was a relative outperformer, though it still pulled back by 0.3%.
Sonali Basak, chief investment strategist at iCapital, still thinks there’s fuel left in the stock market, however, especially as the rally broadens beyond Big Tech.
“You look around and there’s still more room to run,” Basak told CNBC’s “Closing Bell” in an interview. “Even in the last month, the S&P Equal Weight still did not outperform the Nasdaq or the SOXX — which tells me it’s still been relatively left behind, even in recent days.”
On the economic data front, investors will pore over import and export pricing figures for July, along with housing starts and pending home sales. Home Depot will also post second-quarter earnings before the bell.
48 Min Ago
L3Harris ousts CEO
Shares fell over 4.5% in regular trading for the defense contracting giant L3Harris Technologies after the company removed CEO Chris Kubasik.
The company ousted Kubasik after discovering he engaged “certain conduct … that was not consistent with the values of the Company,” L3Harris Technologies said in a statement Monday. Kubasik has been replaced by Sam Mehta as chief executive officer and president.
After Monday’s close, shares were up marginally.
— Ananya Chetia
53 Min Ago
Stock futures open little changed
Dow Jones Industrial Average futures traded 32 points lower. S&P 500 futures fell marginally along with Nasdaq-100 futures.
— Fred Imbert
About The Author
