S&P futures rose Monday as traders watched oil and bond markets ahead of a holiday-shortened week. Dow Jones Industrial Average futures rose 147 points, or 0.3%. S&P 500 and Nasdaq 100 futures rose 0.4% and 0.3%, respectively. Even if crude prices rose Monday, gains were made. One barrel of Brent rose 2.4% to $115.30. WTI futures rose 2.1% to $101.68. In recent weeks, traders fretted that increased energy prices could damage the economy.

According to Adam Crisafulli, “near-term technical tailwinds (extremely oversold price action over the lasts several sessions and depressed positioning)” and new war language from President Donald Trump helped stocks on Monday. Trump said Tehran had “for the most part,” embraced a 15-point proposal to end the U.S.-Iran war overnight. He said Iran promised to lead 20 more oil ships via the Strait of Hormuz. After a dismal week, the Dow and Nasdaq entered correction zone. Dow, Nasdaq, and S&P 500 fell for fifth straight week. As the Iran war enters its fifth week, investors who hoped for a rapid settlement are getting worried about the real-world repercussions.

“If you look at the degree of the downside and how correlated all those stocks have been, it’s likely that we are throwing the baby out with the bathwater,” Cameron Dawson said. “So it’s a great opportunity to sharpen the pencils to say, what are the areas that will be more immune to AI disruption and are on sale — not just because of AI fears, but also because of war fears.”

The market will be closed on Good Friday, but the March jobs report will be released that morning. JOLTS and the ADP Employment Survey from earlier in the week will also be watched by investors. In the coming week, Nike, McCormick, and Conagra Brands will report earnings.