Traders work on the floor of the New York Stock Exchange during morning trading on June 15, 2026 in New York City.
Michael M. Santiago | Getty Images News | Getty Images
Stock futures were slightly higher on Sunday, as tensions between Iran and the U.S. escalated once again following renewed attacks in the Middle East — which threaten to prolong the war.
Dow Jones Industrial Average futures rose 124 points, or 0.2%. S&P 500 futures ticked higher by 0.4%, while Nasdaq-100 futures advanced 0.5%.
The U.S. attacked Iranian military targets over the weekend in retaliation to Tehran carrying out strikes along the Strait of Hormuz. President Donald Trump then threatened to annihilate Iran, saying in a Truth Social post: “United States aircraft just struck Iranian missile and drone storage locations, and coastal radar sites, for violating the Cease Fire Agreement, AGAIN!”
A Pakistani source involved in the talks to end the war told MS NOW that negotiations are on hold, though all sides are keeping representatives in Switzerland to resume discussions when the time arrives.
Crude prices rose in early Sunday trading, as traders weighed the potential of further disruption in the energy space. International Brent oil climbed 0.8% to $72.57 per barrel. West Texas Intermediate futures advanced 1.1% to $70.
Wall Street is coming off a mixed week, characterized by a rotation out of tech and into other parts of the stock market.
The S&P 500 and Nasdaq Composite shed nearly 2% and 4.6%, respectively, with Nvidia and Alphabet losing more than 8% each. Meta Platforms, Apple and Amazon also dropped more than 4% each, while SpaceX tumbled 17%.
The Dow, which is less exposed to tech, bucked the negative trend with a 0.6% advance. Merck and Johnson & Johnson led the 30-stock benchmark higher last week, rising 13% and 11.5%, respectively.
“Investors seem to be experiencing AI Fatigue,” wrote Ed Yardeni, president of Yardeni Research. “They are questioning whether the hyperscalers’ massive spending on AI infrastructure will ever pay off. … They worry that new technologies will rapidly make current ones obsolete in a process known as ‘creative destruction.'”
This week will mark the end of June trading. As of Friday’s close, the S&P 500 is down 3% for the month, while the Nasdaq has fallen more than 6%. The Dow, meanwhile, has climbed more than 1%.
