S&P futures advanced early Monday as Wall Street aimed to commence June at record highs. S&P 500 and Nasdaq-100 futures increased by 0.3% each. Futures associated with the Dow Jones Industrial Average increased by 208 points, representing a 0.4% rise. Stocks concluded a robust May, as all three major indexes recorded substantial increases. The tech-heavy Nasdaq Composite spearheaded the upward movement, increasing by over 8% for the month. The S&P 500 gained about 5%, while the Dow Jones Industrial Average added nearly 3%. The major averages concluded the trading session at new peaks on Friday, following the establishment of a 60-day memorandum of understanding between the U.S. and Iran to prolong the ceasefire.

President Donald Trump stated he would convene in the Situation Room “to make a final determination” and emphasised that Iran “must agree that they will never have a Nuclear Weapon.” He also called for the Strait of Hormuz to be “immediately open.” Trump clearly doesn’t want to escalate and is seeking an off-ramp. “Some type of a pact is very likely, and markets largely assume a sustained cessation of hostilities,” Adam Crisafulli wrote in a note. “An actual announcement will likely provoke a ‘sell the news’ response for the overall S&P 500.”

Oil prices experienced an increase on Sunday, rebounding from a decline observed on Friday in light of recent developments. West Texas Intermediate crude futures increased by 1.8% to $88.83 a barrel, whereas Brent crude advanced by 1.5% to $92.52. The U.S. benchmark experienced its most significant monthly drop since April 2025, plummeting nearly 17% in May. Investors this week will focus on Friday’s closely monitored nonfarm payrolls report for new insights into the labour market’s health and the implications for Federal Reserve policy.