Stock market today: Live updates
Traders work on the floor of the New York Stock Exchange.
NYSE
U.S. stock futures were little changed on Monday night after the S&P 500 and Nasdaq Composite closed the regular session with new records.
S&P 500 futures and Nasdaq Composite futures each added 0.2%. Futures tied to the Dow Jones Industrial Average gained 75 points, or 0.2%.
During the day’s regular trading, both the S&P 500 and tech-heavy Nasdaq hit new intraday and closing highs. The broad market index rose 0.12%, while the Nasdaq added 0.20%. The Dow Jones Industrial Average lagged behind, slipping 62.92 points, or 0.13%.
Stock gains were pressured as peace talks between the U.S. and Iran appeared to come to a standstill.
Over the weekend, President Donald Trump canceled plans to send U.S. special envoy Steve Witkoff and Jared Kushner to Pakistan to discuss the ceasefire in Iran. In a Truth Social post, the president said that negotiations could happen over the phone. Esmaeil Baqaei, Iran’s Foreign Ministry spokesperson, said that no meetings are currently planned between Tehran and Washington.
In a bit of positive news, White House press secretary Karoline Leavitt confirmed on Monday that Trump and his national security team have discussed Iran’s offer to reopen the Strait of Hormuz if the war ends and the U.S. lifts its blockade.
The news comes during a major earnings week for the stock market, with five of the “Magnificent Seven” tech titans slated to report. Alphabet, Amazon, Meta Platforms and Microsoft are due Wednesday, while Apple’s results are set for Thursday.
“I do think some strength in the first quarter has been pre-traded,” said John Belton, growth equities portfolio manager at Gabelli Funds on CNBC’s “Closing Bell: Overtime” on Monday afternoon. “But these are strong fundamentals, high expectations — hard to say how stocks respond on day of earnings against that setup. Still, looking longer term, I think these are pretty interesting.”
Wednesday will also be the conclusion of what could be current Fed Chair Jerome Powell’s final Federal Reserve meeting. Policymakers will roll out their rate decision that afternoon.
UPS, General Motors, Coca-Cola, Hilton Worldwide, JetBlue and Corning are just some of the companies on the docket to report earnings Tuesday before the bell. Traders will also watch for April’s consumer confidence reading.
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