After a good week, S&P futures climbed on Monday as traders monitored the U.S.-Iran confrontation and oil prices rose. As Dow Jones Industrial Average futures rose 74 points, or 0.1%, losses from the previous session were reduced. S&P 500 and Nasdaq-100 futures rose 0.4% and 0.7%, respectively. As reported that Iran and the U.S. have received a plan to terminate hostilities that will immediately ceasefire and reopen the Strait of Hormuz, futures pared losses. An source told that Pakistan created the structure, which may take effect on Monday.

Axios claimed that the U.S., Iran, and regional mediators were negotiating a 45-day ceasefire that might end the war permanently, but a partial settlement seemed unlikely before Tuesday. Last week, Wall Street saw the S&P 500 rise about 6%. It ended a five-week losing trend and was the benchmark’s best weekly performance since late November. Both the Dow and Nasdaq finished their five-week declines. The former rose 3% and the latter 4.4% this week. However, such advances were hard-earned. The key averages fluctuated during the week as traders reviewed U.S.-Iran war reports and predicted its termination.

On Sunday, President Donald Trump threatened to hit Iran’s power plants and bridges if the Strait of Hormuz isn’t opened by Tuesday. Power Plant and Bridge Days will combine in Iran on Tuesday. None will compare!” Trump posted on Truth Social. Oil prices fluctuated early this week. May West Texas Intermediate fell 2% to $109.7 per barrel. International Brent crude prices fell 1% to $108.3 per barrel at 4:40 a.m. on Monday. will be the first session investors can respond to Friday’s March jobs report. U.S. markets closed on Good Friday.

March saw 178,000 U.S. job gains, above the Dow Jones expectation of 59,000. The unemployment rate declined to 4.3% from 4.4% due to a sharp drop in labor force participation. “The March employment data showed a strong rebound from February’s weak numbers but likely won’t completely reassure markets as a deeper look suggests a limping labor market,” said Ryan Weldon. “Layoffs rose for the first time in three months this week and job openings remained below expectations. Higher input costs and inflation are predicted from higher oil prices.”