5 Things to Know Before the Stock Market Opens

• S&P 500 and Nasdaq futures fell 0.5% after three consecutive weeks of gains, with WTI crude rising to $89/barrel and Brent to $95 following the U.S. military's seizure of an Iranian-flagged ship
• Peace talks remain uncertain as Iranian officials have not confirmed participation in a second round of negotiations in Pakistan, despite President Trump announcing U.S. officials would attend late Monday
• Major earnings reports are scheduled from Tesla, GE Aerospace, United Airlines, AT&T, Boeing, Intel, and American Express, alongside March retail sales data and April consumer sentiment surveys

Market Summary: Geopolitical Tensions Pressure Markets After Three-Week Rally

Market Overview:

Stock futures declined Monday after three consecutive weeks of gains, with S&P 500 and Nasdaq futures down 0.5% and Dow futures dropping 0.6%. Both the S&P 500 and Nasdaq closed Friday at record highs, with the Nasdaq extending its winning streak to 13 sessions.

Key Developments - Middle East Tensions:

Crude oil prices surged approximately 6% after weekend escalations, with WTI futures reaching $89/barrel and Brent climbing to $95. The U.S. military seized an Iranian-flagged cargo ship Sunday for allegedly evading the Iranian port blockade, prompting Iran to threaten retaliation for what it termed "armed piracy." President Trump renewed threats to target Iran's power plants and bridges following Iranian military attacks on British and French vessels in the Strait of Hormuz.

Peace Talks Uncertainty:

U.S. officials are scheduled for talks in Pakistan Monday ahead of Wednesday's ceasefire expiration. However, Iranian officials have not confirmed participation in negotiations, creating additional market uncertainty.

Other Market Movements:

• Gold futures fell 1.5% to $4,810/ounce
• Bitcoin traded at $75,300, down from Friday's $78,000 high
• 10-year Treasury yield rose to 4.26% from 4.24%

Earnings Calendar:

Major reports this week include Tesla and UnitedHealth on Tuesday; Netflix, AT&T, and Boeing on Wednesday; and Intel, American Express, American Airlines, and Southwest Airlines on Thursday. GE Aerospace and United Airlines also report Tuesday.

Corporate News:

AST SpaceMobile shares dropped after its satellite launched by Blue Origin was placed in incorrect orbit during the company's first commercial launch, rendering the BlueBird 7 satellite inoperable.