Traders work at the New York Stock Exchange on June 29, 2026.
NYSE
U.S. stock futures were little changed on Monday night after the Dow Jones Industrial Average rose to a fresh record close.
Dow futures fell by 41 points, or less than 0.1%. S&P 500 futures and Nasdaq 100 futures both dipped around 0.1%.
Shares of AeroVironment popped 19% in Monday’s after-hours session after the defense company reported fiscal fourth-quarter adjusted earnings of $1.84 per share on revenue of $642 million. This beat the earnings of $1.46 per share and $559 million in revenue that analysts had been seeking, per LSEG.
Stocks rallied in Monday’s regular session, as a pause in hostilities between the U.S. and Iran lifted sentiment. The S&P 500 rose 1.18%, while the Nasdaq Composite gained 2.07%.
The Dow jumped 306.63 points, or 0.59%, to close at a fresh record above the 52,000 level for the first time ever on Monday. The blue-chip index was boosted by a nearly 5% gain in Alphabet during the “Magnificent Seven” giant’s first trading session as a Dow member.
“From our point of view, the sentiment is not terribly positive, and counterintuitively, that’s a good setup coming into earnings,” said Julian Emanuel, senior managing director at Evercore ISI, on CNBC’s “Power Lunch” on Monday.
“We actually think that the broadening is likely to occur into earnings season amongst large cap technology,” he continued. “Very often you see sort of a change of view, a change of positioning, particularly now at the start of the half year. We think the Mag Seven might be set up very favorably here. They have been left for dead.”
On Sunday, the U.S. and Iran agreed to halt their attacks and allow commercial vessels to pass through the key Strait of Hormuz waterway. A U.S. official told CNBC on Sunday that “both sides will stand down for now and vessels can move freely.”
On Tuesday morning, traders will also watch out for May’s JOLTS job openings reading, alongside the latest data from June’s Chicago PMI and consumer confidence indexes.
Concentrix stock plunges 22% on lowered guidance, earnings miss
Shares of Concentrix plunged 22% on Monday night, after the customer experience solutions company reported a second-quarter miss on both the top and bottom lines.
CNXC 5D chart
In its last quarter, Concentrix reported adjusted earnings of $2.63 per share, missing the $2.64 per share analysts polled by FactSet had expected. The company’s $2.46 million revenue also missed the Street’s call for $2.47 million.
Concentrix also guided for earnings and revenue in its current quarter below what analysts were projecting. The company also lowered its full-year earnings, revenue and operating income forecasts.
— Lisa Kailai Han
AeroVironment shares jump 19% on earnings beat
Shares of AeroVironment jumped 19% on Monday night, after the defense company reported a fiscal fourth-quarter beat on both the top and bottom lines.
AVAV 5D chart
In its last quarter, AeroVironment reported adjusted earnings of $1.84 per share, while analysts polled by LSEG had anticipated earnings of $1.46 per share. The company’s revenue of $642 million also exceeded the forecast $559 million.
— Lisa Kailai Han
S&P 500, Dow futures are little changed
S&P 500 and Dow futures traded near flat on Monday night.
Shortly after 6 p.m. ET, futures tied to the two major averages were little changed. On the other hand, Nasdaq futures shed around 0.2%.
— Lisa Kailai Han
