FX.co ★ US Futures Slip as Trump Deadline Nears

S&P 500 and Nasdaq 100 futures declined on Tuesday as investors awaited President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz. Trump warned that he could target Iranian power plants and bridges if his demands are not met by 8 p.m. Eastern Time, though he added that ongoing talks with Tehran are progressing well. Iran, in turn, cautioned that it would respond to any US strikes on civilian infrastructure by intensifying attacks on energy assets in the Gulf, a move that could exacerbate the global energy shortage.

In Monday’s regular session, the Dow Jones Industrial Average advanced 0.36%, the S&P 500 rose 0.44%, and the Nasdaq Composite gained 0.54%. Eight of the 11 S&P sectors finished higher, led by consumer discretionary, energy, and consumer staples.

Looking ahead, investors are focused on Tuesday’s durable goods orders report and key inflation data due Friday. Earnings from Delta Air Lines are also in view this week, with the carrier scheduled to report results on Wednesday.