U.S. stock futures declined on Monday following Friday’s mixed close. Futures of major benchmark indices were lower after President Donald Trump announced a blockade of the Strait of Hormuz.
On Friday, the Dow Jones index closed about 270 points lower after Iran blamed Israel for violating the ceasefire with attacks on Lebanon.
The peace talks being held in Islamabad collapsed on Sunday, after 21 hours of discussions. While Vice President JD Vance said that Washington would not compromise on its core demands, Iran stated that the demands made by the U.S. were excessive.
Meanwhile, the 10-year Treasury bond yields stood at 4.333%, and the two-year bond was at 3.822% at the time of writing. The CME Group’s FedWatch tool‘s projections show markets pricing a 96.4% likelihood of the Federal Reserve leaving the current interest rates unchanged in April.
| Index | Performance (+/-) |
| Dow Jones | -0.48% |
| S&P 500 | -0.57% |
| Nasdaq 100 | -0.62% |
| Russell 2000 | -0.89% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Monday. The SPY was down 0.59% at $675.46, while the QQQ declined 0.68% to $606.91.
Stocks In Focus
Goldman Sachs
- Wall Street expects Goldman Sachs Group Inc. (NYSE:GS) to report quarterly earnings at $16.41 per share on revenue of $16.93 billion before the opening bell.
- Benzinga’s Edge Stock Rankings indicate that GS maintains a strong trend in the short, long, and medium terms, with a solid Momentum score.
Fastenal
- Analysts are expecting Fastenal Co. (NASDAQ:FAST) to post quarterly earnings at 30 cents per share on revenue of $2.19 billion.
- Benzinga’s Edge Stock Rankings indicate that FAST maintains a strong trend in the short, long, and medium terms, with a solid Growth score.
