Stock futures mixed as Strait of Hormuz reopening hopes fade

GeopoliticsMacro
·US
Summary · why it matters

Stock index futures were mixed on Monday as hopes for a reopening of the Strait of Hormuz faded after Iran raised additional demands. Dow futures slipped 0.04%, S&P 500 futures added 0.12%, and Nasdaq futures gained 0.20%. Mediators from Qatar and Pakistan failed to secure an announcement last week after Tehran raised additional demands, and President Donald Trump said Sunday he was willing to let economic pressure on Iran do more of the work as talks remained stalled. The 2-year Treasury yield rose 0.01 basis points to 4.22%, the 10-year yield rose 0.007 basis points to 4.66%, and the 30-year yield rose 0.005 basis points to 5.21%. Among S&P 500 stocks, T. Rowe Price Group gained 8.10%, Teledyne Technologies added 4.61%, and PPG Industries fell 5.33%.

Impact on stocks 0