Dow, S&P 500, Nasdaq Futures Climb As Tech Gains Temper Iran Uncertainty: Why NVDA, POET, JOBY, BBBY Stocks Are In Focus

• U.S. President Donald Trump is in discussion with his national security team over Iran’s deal regarding the reopening of the Strait of Hormuz. 
• On the economic front, markets will be on the lookout for the Federal Reserve’s key rate decision, scheduled for release on Wednesday. 
• On Monday, the Dow Jones Industrial Average fell 0.13%, while the S&P 500 gained 8.83 points or 0.12%, and the Nasdaq Composite was up 0.20% at close.

U.S. stock futures climbed higher on Monday in extended trading hours, after closing at record highs, as gains in technology shares helped offset lingering uncertainty over the war in Iran.

As of 8.37 p.m. ET, Dow Jones futures were up 0.12%, S&P 500 futures gained 0.11%, and Nasdaq 100 futures climbed 0.08%.  

Among the ETFs tracking the benchmark indexes, the SPDR S&P 500 ETF (SPY), Invesco QQQ Trust (QQQ), and SPDR Dow Jones Industrial Average ETF Trust (DIA), were all trading higher in the overnight session. Meanwhile, retail sentiment on Stocktwits for SPY was in the ‘bullish’ territory, while that of QQQ and DIA was in the ‘bearish’ territory at the time of writing.

How Did US Markets Fare On Monday?

U.S. stock indexes closed mixed on Monday, even as the benchmark S&P 500 and Nasdaq Composite indexes climbed to record highs in the day’s session. The Dow Jones Industrial Average fell 0.13%. Meanwhile, the S&P 500 gained 8.83 points or 0.12%, and the Nasdaq Composite was up 0.20% at close.

What’s Driving US Markets?

Technology upticks carried U.S. markets higher on Monday, with chipmakers and AI-led names fueling gains. Shares of Nvidia Corp. (NVDA) were up 4% as the company reached a record market capitalization. Micron Technology (MU) and Sandisk Corp. (SNDK) also surged higher.

Meanwhile, U.S. President Donald Trump is in discussion with his national security team over Iran’s deal regarding the Strait of Hormuz. White House press secretary Karoline Leavitt confirmed on Monday that the president met with the team. However, it remains unclear whether the path to de-escalation will lead to a quick resolution of the war in the Middle East.

This week, markets are keyed in on pivotal Big Tech earnings. Five of the “Magnificent Seven” — Microsoft Corp. (MSFT), Amazon.com Inc. (AMZN), Meta Platforms (META), Apple Inc. (AAPL), and Alphabet Inc. (GOOG, GOOGL) — are all set to report their quarterly results.

On the economic front, markets will be on the lookout for the Federal Reserve’s key rate decision, scheduled for release on Wednesday. Markets widely expect the Fed to hold rates steady. Alongside the rate decision, traders will parse a slew of key data releases this week, including consumer confidence readings and jobless claims, which could offer further clues about the health of the U.S. economy.

Trending Stocks To Watch

Nvidia Corp. (NVDA): The chipmaker rallied higher on Monday, gaining 4% and also breaking to its 52-week high amid a broader semiconductor rally on AI buildout momentum. The company also surged to a record-setting market capitalization of nearly $5.3 trillion, cementing its position as the world's most valuable company.

POET Technologies Inc. (POET): The photonic solutions company’s stock plunged sharply on Monday to close 47.35% lower, after it said that Celestial AI had canceled all its purchase orders.

Joby Aviation Inc. (JOBY): The electric air taxi maker’s stock gained 6% on Monday and extended its gains overnight after the company said that it had completed its first air taxi demonstration in New York City and added that it would target passenger flights in the second half of 2026.

Bed Bath & Beyond Inc. (BBBY): The online retailer reported its first quarterly revenue jump in nearly five years, ahead of analyst expectations, sending the company up more than 26% in overnight hours.

Broader Market Trends

Meanwhile, oil futures were trading higher on Monday, with the June-expiring Brent crude futures up more than 0.5%, at $108.86 a barrel at the time of writing. Meanwhile, WTI crude futures expiring in May were trading 0.82% higher at $97.16 a barrel.

Treasury yields on the benchmark 10-year were at 4.344%, while gold traded around $4,689.59 an ounce.

Asian markets were trading mixed on Tuesday morning, with the KOSPI and SSE Composite in green, while the Nikkei 225 was down. Australian stocks also dipped lower at the open.

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