Trump's Iran Deadline Looms: Futures Slide Amid Hormuz Crisis
U.S. stock futures declined Monday evening as President Donald Trump reaffirmed his threat to strike Iranian infrastructure if the Strait of Hormuz remains closed by Tuesday evening. The conflict, now in its sixth week, has kept oil prices elevated, with West Texas Intermediate near $112 and Brent crude at around $110.
The International Services Management (ISM) services index fell 2.1 points to 54, with employment posting its sharpest drop since 2023. Mohamed El-Erian, Chief Economic Advisor at Allianz, said this reinforces the dual narrative of rising input prices and a resilient real economy.
Certain stocks, such as Avis Budget Group (CAR), Tesla (TSLA), Broadcom (AVGO), Enovix (ENVX), Humana (HUM), UnitedHealth Group (UNH), and Elevance Health (ELV), are trending after-hours due to various reasons including a 2.48% increase in Medicare Advantage payment rates for 2027.