Traders Weigh Prospects for Middle East Peace Deal as US Equity Futures Turn Mixed Pre-Bell

MT Newswires Live04-06

US equity futures were mixed pre-bell Monday as traders weighed prospects for a Middle East peace agreement.

Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.4% higher.

The US, Iran and a group of mediators were discussing terms for a potential 45-day ceasefire, according to media reports.

On Sunday, President Donald Trump said in a Truth Social post that the US would strike Iran's power plants and bridges if the Strait of Hormuz is not opened by Tuesday.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.3% at $108.70 per barrel and US West Texas Intermediate crude 1% lower at $110.44 per barrel.

The March Institute for Supply Management's services index, due at 10 am ET, is projected at 54.9 versus 56.1 previously, according to estimates compiled by Bloomberg.

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