Stock Market Today: Dow, Nasdaq Futures Fall As Trump Rejects ‘Totally Unacceptable’ Iran Peace Proposal—Micron, Moderna In Focus (UPDATED)

Editor’s Note: The future prices of benchmark tracking ETFs and the headline were updated in the story.

U.S. stock futures fell on Monday after Friday’s higher close. This followed President Donald Trump‘s rejection of Iran’s response to a U.S.-backed peace proposal.

Trump took to Truth Social and wrote, “I have just read the response … I don’t like it — TOTALLY UNACCEPTABLE!”

On the economic front, investors will be looking out for the crucial consumer price and producer price indexes’ reports this week. Companies like Cisco Systems Inc. (NASDAQ:CSCO), Alibaba Group Holding ADR (NYSE:BABA), Applied Materials Inc. (NASDAQ:AMAT), and Hims & Hers Health Inc. (NASDAQ:HIMS) will report earnings this week.

Meanwhile, the 10-year Treasury bond yielded 4.38%, and the two-year bond was at 3.92%. The CME Group’s FedWatch tool‘s projections show markets pricing a 93.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Monday. The SPY was down 0.16% at $736.47, while the QQQ declined 0.17% to $709.85.

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