Stock Market: Will S&P 500 Open Up or Down Today?

U.S. stock futures are rising heading into Monday morning, driven by a temporary lull in Middle East hostilities and a steep pullback in global energy prices.

Why That Number Matters

Markets received a substantial boost over the weekend following news that the United States suspended its 13-night airstrike campaign against Iran to allow space for diplomatic negotiations and evaluate depleted munitions stocks. In response, according to Reuters, a senior Iranian official confirmed that Tehran would also halt its retaliatory strikes under an “attack for attack” framework as long as the U.S. pause holds.

This diplomatic breather and an upcoming blockbuster macro schedule are driving strong pre-market momentum:

The Bull Case

According to market strategists Ed Yardeni and Toby Hearst at Yardeni Research, the pullbacks in crude oil provide a welcome macroeconomic tailwind. Falling energy costs reduce global inflationary pressures, offering relief to oil-importing economies.

Yardeni’s team notes that while market leadership rotated sharply earlier in the month—with recent AI leaders like South Korea and Taiwan pulling back—the broader structural fundamentals remain intact.

Both forward revenues per share and forward earnings per share for the MSCI All Country World Index (ACWI) continue to hit new record highs, confirming that global corporate top lines remain resilient despite recent geopolitical headwinds.

How The Previous Bet Played Out: The Friday, July 24 Polymarket contract resolved “Up” after the market stabilized into the weekend. The contract settled for the “Up” outcome, attracting $237,489 in total trading volume.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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