U.S. stock futures remained largely unchanged on Monday evening, reflecting renewed apprehension over the persistent tensions in the Middle East. Futures for the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) saw slight gains of 0.06% and 0.02% respectively, as of 6:28 p.m. EDT on May 4. In contrast, Nasdaq 100 (NDX) futures edged down by 0.01%.
During the regular trading session, major indices experienced declines as oil prices surged amidst the escalating Middle East tensions. The market had shown mixed performance earlier in the session, prior to reports from the United Arab Emirates stating the interception of Iranian missiles. Consequently, the Dow Jones, S&P 500, and Nasdaq concluded the day down by 1.1%, 0.4%, and 0.2% respectively.
Looking ahead to Tuesday, a packed schedule of earnings reports is anticipated. Companies such as Pfizer (PFE), PayPal (PYPL), HSBC (HSBC), Anheuser-Busch InBev (BUD), Marathon Petroleum (MPC), Super Micro Computer (SMCI), AMD (AMD), BigBear.ai (BBAI), Joby Aviation (JOBY), Lucid (LCID), and Shopify (SHOP) are slated to release their results. Additionally, traders will be closely monitoring new data concerning the U.S. trade deficit and the latest Job Openings and Labor Turnover Survey.
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