Traders work at the New York Stock Exchange on May 28, 2026.
NYSE
Stock futures were little changed in overnight trading Sunday as Wall Street looked to kick off June at record highs.
Futures tied to the Dow Jones Industrial Average inched down 30 points. S&P 500 futures and Nasdaq 100 futures were both flat.
Stocks wrapped up a strong May, with all three major indexes posting solid gains. The tech-heavy Nasdaq Composite led the advance, up more than 8% for the month. The S&P 500 gained about 5%, while the Dow Jones Industrial Average added nearly 3%.
The major averages closed at fresh highs Friday after the U.S. and Iran reached a 60-day memorandum of understanding to extend the ceasefire.
President Donald Trump said he would meet in the Situation Room “to make a final determination” and reiterated that Iran “must agree that they will never have a Nuclear Weapon.” He also called for the Strait of Hormuz to be “immediately open.”
“Trump clearly doesn’t want to escalate and is looking for an off-ramp. Some type of a pact is very likely, and markets largely assume a sustained cessation of hostilities,” Adam Crisafulli, founder of Vital Knowledge, wrote in a note. “An actual announcement will probably trigger a ‘sell the news’ reaction for the overall S&P 500.”
Oil prices gained Sunday after retreating Friday following the developments. West Texas Intermediate crude futures rose 1.8% to $88.83 a barrel, while Brent crude climbed 1.5% to $92.52. The U.S. benchmark posted its steepest monthly decline since April 2025, tumbling nearly 17% in May.
Investors this week will turn their attention to Friday’s closely watched nonfarm payrolls report for fresh insight into the health of the labor market and the outlook for Federal Reserve policy.
Solid earnings season so far
Corporate America’s earnings season is shaping up to be one of the strongest in years, with companies comfortably clearing Wall Street’s expectations despite lingering concerns about economic growth and geopolitical uncertainty.
About 85% of S&P 500 companies have reported first-quarter earnings above analyst estimates, well ahead of the five-year average of 78%, according to FactSet data. Companies are beating profit forecasts by an aggregate 16.7%, more than double the average surprise of 7.3% seen over the past five years.
— Yun Li
S&P 500 on a nine-week win streak
The S&P 500 gained 1.4% last week, its nineth positive week in a row for the first time since its nine-week streak ending Dec. 29 in 2023. The benchmark rose 5.2% in May, its second positive month in a row.
The equity index saw a fresh all-time intraday high and a record close in Friday’s session. It’s risen 10.2% since the Iran war began in February.
S&P 500 year to date
— Yun Li, Christopher Hayes
