S&P 500 set for muted open as Trump brands Iran offer 'totally unacceptable'

U.S. futures pointed to a muted open, with Dow Jones futures down 0.1% and S&P 500 and Nasdaq 100 futures essentially flat, after oil prices jumped on heightened Middle East tensions. The move followed President Trump calling Iran's latest counter-proposal on a Middle East peace deal "totally unacceptable." The setup is modestly risk-off for equities and supportive for energy prices.

Analysis

U.S. futures pointed to a muted open, with Dow Jones futures down 0.1% and S&P 500 and Nasdaq 100 futures essentially flat, after oil prices jumped on heightened Middle East tensions. The move followed President Trump calling Iran's latest counter-proposal on a Middle East peace deal "totally unacceptable." The setup is modestly risk-off for equities and supportive for energy prices.