Dow, Nasdaq, S&P 500 Futures Slip Amid Iran Peace Talk Concerns: Why AAPL, AMZN, BB, CAR, LCID Stocks Are In Focus

• Major U.S. indexes closed lower on Monday after three consecutive weeks of gains. 
• The Nasdaq Composite led the fall, declining 0.26% at close, while the S&P 500 slipped 0.24% and the Dow Jones Industrial Average fell marginally. 
• Apple announced that CEO Tim Cook would transition to executive chairman, with John Ternus succeeding him.

U.S. stock futures slipped late Monday after retreating in the regular session following three straight weeks of gains as tensions between the U.S. and Iran rose over the weekend, raising questions over peace negotiations ahead of a ceasefire deadline.

As of 9:40 p.m. ET, Nasdaq 100 futures declined 0.6%, and Dow Jones futures slid by about 1% in overnight trading, while the S&P 500 futures slid 0.2%.

However, 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 climbing overnight, with retail sentiment in the green for all three.

How Did US Markets Fare On Monday?

The Nasdaq Composite led the fall, declining 0.26% to close the session at 24,404.39, while the S&P 500 slipped 0.24% to close at 7,109.14. The Dow Jones Industrial Average fell marginally, shedding 4.87 points to close at 49,442.56.

US Market Drivers

Tensions in the Middle East escalated over the weekend after President Donald Trump said on Sunday that the U.S. Navy had fired on and seized an Iranian ship in the Strait of Hormuz. The news came ahead of potential peace talks between the two nations, with the U.S. and Iran expected in Pakistan for negotiations later this week.

However, Trump has reiterated that the U.S. is unlikely to extend the ceasefire or pull back the blockade of Iranian ports unless an agreement is reached before its expiry. “...THE BLOCKADE, which we will not take off until there is a ‘DEAL,’ is absolutely destroying Iran,” Trump said in a post on Truth Social on Monday, adding in another post that although he was under no pressure, he expected a deal to come “quickly.”

Apart from the war, investors will be watching out for March retail sales figures due Tuesday, expected to rise overall. Attention is also likely to turn to the Senate Banking Committee’s first hearing for the confirmation of Kevin Warsh as Trump’s nominee for Federal Reserve chair.

Trending Stocks To Watch

Apple Inc. (AAPL): The tech giant was the talk of the town on Monday after it announced that longtime CEO Tim Cook would transition to the role of executive chairman, with John Ternus succeeding him. AAPL shares slid lower following the announcement.

Amazon.com Inc. (AMZN): The retail giant’s stock edged up about 2.75% overnight after Anthropic committed $100 billion to its cloud technologies over the next decade.

BlackBerry Ltd. (BB): Shares of the company rose nearly 5% in Monday’s overnight trading after the company’s QNX division announced a deeper collaboration with Nvidia Corp. (NVDA) for AI deployments.

Avis Budget Group Inc. (CAR): The car rental company surged to a record high on Monday, but slipped about 0.5% overnight as it garnered significant Wall Street and Main Street attention.

Lucid Group Inc. (LCID): Shares of the EV maker climbed more than 2% in overnight hours after Uber Technologies (UBER) revealed a 11.5% stake in the company.

Broader Market Trends

Meanwhile, oil futures slid in Monday’s overnight trading over mixed signals about the Iran war. WTI crude futures expiring in May stayed below the $90 mark, slipping about 1.5% to $88.26 a barrel at the time of writing. Brent crude futures expiring in June fell 0.60% to $94.96 a barrel.

Meanwhile, treasury yields on the benchmark 10-year were at 4.258%, while gold traded around $4,815.39 an ounce after falling about 0.09%.

Asian markets opened mostly higher on Tuesday, with KOSPI, Nikkei 225, and the Shanghai Composite all trading up, while the Hang Seng was largely unchanged. However, Australian stocks dipped lower at the open on Tuesday.

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