US Futures Flat After Tepid Session
2026-05-05 00:02
By
Jam Kaimo Samonte
1 min. read
US stock futures were little changed on Tuesday after the major averages declined in the prior session, pressured by renewed violence in the Middle East that threatened to derail the four-week ceasefire between the US and Iran.
US forces repelled Iranian attacks while escorting two US-flagged vessels through the Strait of Hormuz, while the UAE reported intercepting cruise missiles launched by Iran and attributed a major fire at its Fujairah port to a drone strike.
In Monday’s regular trading, the Dow dropped 1.13%, the S&P 500 fell 0.41%, and the Nasdaq Composite slipped 0.19%.
Ten of the 11 S&P sectors closed in negative territory, with materials, industrials, and consumer staples leading the declines.
Investors now shift focus to a slate of corporate earnings due Tuesday, including results from AMD, Arista Networks, Pfizer, Duke Energy, and PayPal.
On the macro front, traders will monitor the latest US services activity data along with the JOLTs Job Openings report.