Stock market today: Dow, S&P 500, Nasdaq futures mixed as oil rises after Iran and Israel exchange strikes

Stock Market Today: Dow, S&P 500, and Nasdaq Futures Show Mixed Moves as Oil Prices Rise Following Strikes Between Iran and Israel

US stock futures traded in mixed directions on Monday morning. Contracts linked to the Dow Jones Industrial Average declined 0.2 percent. S&P 500 futures advanced approximately 0.3 percent, while Nasdaq 100 futures increased 0.6 percent. The moves followed missile exchanges between Iran and Israel that placed renewed pressure on regional stability, alongside ongoing investor reassessment of Federal Reserve interest-rate expectations and the performance of artificial-intelligence-related equities.

Markets opened the week after the Nasdaq Composite Index fell 4 percent on Friday and the S&P 500 ended a nine-week streak of gains. The prior session featured a shift away from semiconductor shares toward defensive sectors, prompted by a May employment report that reinforced expectations for possible Federal Reserve rate increases later in the year.

Technology shares showed signs of stabilization early Monday. Micron Technology shares rose 4 percent and Nvidia shares gained nearly 2 percent in premarket trading. Nvidia Chief Executive Jensen Huang and other industry participants described the recent decline in technology valuations as a potential entry point for investors in artificial-intelligence infrastructure.

Oil futures increased after Iran launched missiles toward Israel, the first such action since April, and Israel conducted retaliatory strikes. Brent crude futures rose more than 4 percent to near 97 dollars per barrel, while West Texas Intermediate futures approached 95 dollars per barrel. The price movement reflected concerns that prior understandings between the United States and Iran might not prevent renewed direct conflict.

The Bureau of Labor Statistics is scheduled to release the May Consumer Price Index on Wednesday, providing data on whether elevated energy costs are affecting broader consumer prices. The Producer Price Index will follow on Thursday. Federal Reserve officials have indicated that inflation readings will remain a primary focus following the recent employment data that showed continued labor-market stability.

Additional corporate and market events this week include Oracle’s quarterly earnings report on Wednesday and the planned initial public offering of SpaceX, expected on Friday and described by market participants as potentially the largest such offering to date.

Marvell Technology and Flex shares rose after S&P Dow Jones Indices announced that both companies would be added to the S&P 500, replacing Campbell’s and Pool Corp. Marvell shares increased nearly 9 percent and Flex shares gained 4 percent in early trading. Index inclusion typically draws inflows from passive funds that track the benchmark. Marvell shares had declined 16 percent on Friday but remained up 210 percent for the year to date, with the company’s market capitalization reaching 230 billion dollars.

Apple is set to begin its annual Worldwide Developers Conference on Monday in Cupertino, California. The event, the final one under Chief Executive Tim Cook, is expected to feature updates on the company’s artificial-intelligence initiatives, including a revised version of the Siri assistant. The updated Siri was first announced in 2024 and has faced delays in release. The conference runs through June 12.

Nvidia Chief Executive Jensen Huang stated during a visit to Seoul that the recent decline in technology share prices represents a buying opportunity because the construction of artificial-intelligence infrastructure remains in early stages. Huang made the remarks after Nvidia and SK Hynix announced a multi-year agreement to develop memory chips for future AI applications. South Korea’s Kospi index fell 8.29 percent on Monday amid the broader pullback from AI-related holdings. President Lee Jae Myung commented that domestic equities appeared undervalued. Huang told reporters that participants should view the market movement as a chance to acquire positions at lower prices.