U.S. stock futures rose on Monday, as the Dow Jones, Nasdaq 100, and S&P 500 indices rose, following Friday’s mixed close.
Late Sunday, the Donald Trump administration announced that both the U.S. and Iran will "stand down for now," allowing commercial vessels to once again move freely through the critical Strait of Hormuz shipping corridor.
Furthermore, technical implementation talks regarding the initial peace memorandum remain "on track," with a high-level diplomatic summit officially scheduled for Tuesday in Doha, Qatar.
Corporate earnings scheduled for release in this truncated week feature notable updates from Nike Inc. (NYSE:NKE), Constellation Brands Inc. (NYSE:STZ), and General Mills Inc. (NYSE:GIS).
Meanwhile, the 10-year Treasury bond yielded 4.38%, and the two-year bond was at 4.10%. The CME Group’s FedWatch tool‘s projections show markets pricing a 70.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’s meeting.
