S&P 500 Nasdaq futures rise after U.S.-Iran pause June 2026

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Cris Tolomia

Mon, June 29, 2026 astatine 6:33 AM CDT 2 min read

U.S. banal futures climbed Monday greeting arsenic exertion stocks began recovering from a bruising week and the U.S. and Iran agreed to halt hostilities implicit the Strait of Hormuz, according to CNBC.

Futures tied to the Dow Jones Industrial Average were up 188 points, a summation of 0.4%, with S&P 500 contracts adding 0.8% and Nasdaq 100 contracts climbing 1.2%. Among idiosyncratic movers earlier the open, Arm shares were up 2.3% and Marvell was 1.6% higher, according to the outlet. Micron Technology ticked up 0.7% and Intel added 1.4%.

The gains travel a hard agelong for tech. Tech megacaps bore the brunt of past week's selloff: Nvidia and Alphabet each gave up much than 8%, and Meta Platforms, Apple, and Amazon each declined by much than 4%. The Nasdaq Composite finished the week down 4.6%, portion the S&P 500 mislaid astir 2%. The Dow managed a 0.6% gain, insulated by its lighter tech exposure, with Merck and Johnson & Johnson posting advances of 13% and 11.5%, respectively.

A play of back-and-forth subject exchanges betwixt Washington and Tehran had enactment broader bid negotiations astatine risk, but the 2 countries reached an statement Sunday to halt warring and reopen the Strait of Hormuz to commercialized shipping, according to the outlet. A U.S. authoritative told CNBC that "technical talks are slated to proceed connected each areas of the MOU" and that "both sides volition basal down for present and vessels tin determination freely." The strikes targeted Iranian rocket and drone retention locations on with coastal radar sites, and Trump followed with a Truth Social station informing that Iran faced annihilation.

Oil prices moved higher arsenic traders assessed whether the intermission would hold. International Brent crude climbed to astir $72 to $73 a barrel, portion West Texas Intermediate futures roseate to astir $70 a barrel.

A program to interruption Comcast into 2 abstracted publically traded entities — 1 for its media assets and 1 for its exertion operations — sent the company's shares up 25% earlier the bell, according to the outlet. The institution said the process is expected to instrumentality astir a twelvemonth to complete.

Shares of SpaceX were poised for premarket gains arsenic well, pursuing past week's announcement that the Nasdaq speech volition adhd the institution to its 100-stock scale arsenic aboriginal arsenic adjacent month, according to the outlet.

With June drafting to a close, monthly scorecards amusement the S&P 500 disconnected 3% and the Nasdaq down much than 6% since the commencement of the month. The Dow has moved successful the other direction, notching a summation of much than 1% implicit that stretch.

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