US pre-open: Futures trade higher despite Middle East flare up
By Iain Gilbert
Date: Monday 01 Jun 2026
(Sharecast News) - Wall Street futures were in the green ahead of the bell on Monday despite a flare up in the conflict between the US and Iran.
As of 1240 BST, Dow Jones futures were up 0.51%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.26% and 0.23% firmer, respectively.
The Dow closed 363.49 points higher on Friday after the US and Iran signed a 60-day memorandum of understanding to extend their uneasy ceasefire.
While Donald Trump said he would meet in the Situation Room "to make a final determination" and reiterated that Iran "must agree that they will never have a Nuclear Weapon" and "immediately open" the Strait of Hormuz, the US and Iran resumed air strikes over the weekend, with each side claiming to have hit military targets near the Strait of Hormuz. An Axios report published on Saturday claimed Trump had requested multiple amendments to the latest terms his envoys had agreed with officials from Tehran.
Trump also lashed out at critics on Monday as a potential agreement with Tehran remains elusive, claiming that Iran "really wants to make a deal" and that it would be a good one for both the US and its allies.
"But don't the Dumocrats, and various seemingly unpatriotic Republicans, understand that it is MUCH tougher for me to properly do my job and negotiate, when political hacks keep negatively 'chirping', at levels never seen before, over and over again, that I should move faster, or move slower, or go to war, or not go to war, or whatever," Trump said. "Just sit back and relax, it will all work out well in the end - It always does!"
On the macro front, last month's S&P Global manufacturing purchasing managers index was slated for release at 1445 BST, while the Institute for Supply Manufacturing's May PMI will follow at 1500 BST, as will April construction spending figures.
In the corporate space, Nvidia traded higher in pre-market action after the chipmaker unveiled a new processor for personal computers. Intel, on the other hand, fell more than 6% following the news.
Still to come, Hewlett Packard will publish its latest quarterly figures after the close.
Reporting by Iain Gilbert at Sharecast.com
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