Investing.com– U.S. stock index futures were little changed on Sunday evening after record-high closes last week, as a surge in and stalled U.S.-Iran talks dampened risk appetite ahead of a packed week for Wall Street.
S&P 500 Futures inched 0.1% lower to 7,189.75 points, while Futures gained 0.1% to 27,455.75 points by 20:50 ET (00:50 GMT). Dow Jones Futures fell 0.2% at 49,293.0 points.
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The S&P 500 and closed at record highs on Friday, capping a fourth straight week of gains, supported by strength in megacap technology stocks.
For the week, the S&P 500 climbed 0.6%, and the Nasdaq jumped 1.5%. The slipped 0.4% over the week.
Trump cancels US envoy trip to Pakistan
Oil prices climbed in Asian trading on Monday after U.S.-Iran negotiations stalled over the weekend, with rising to $108 per barrel.
The gains came as the Strait of Hormuz remained largely shut, disrupting global energy flows and raising concerns about prolonged supply constraints.
U.S. President Donald Trump on Saturday canceled a U.S. envoy’s planned diplomatic trip to Pakistan aimed at advancing Iran war negotiations, saying Tehran could initiate talks if it wished.
The first round of peace talks, held two weeks ago in Islamabad and led on the U.S. side by Vice President JD Vance, had ended without a deal.
Investors await ’Mag 7’ earnings this week
Investor focus now shifts to a crucial week for corporate earnings, with five of the so-called “Magnificent Seven” technology giants set to report results.
, , , and are scheduled to release earnings on Wednesday, followed by on Thursday.
Attention will also turn to the Federal Reserve’s policy decision on Wednesday, which could mark the final meeting led by Chair Jerome Powell before Kevin Warsh is expected to take over in May.