Traders work on the floor of the New York Stock Exchange during morning trading on March 30, 2026 in New York City. <\/p>\n
Michael M. Santiago | Getty Images<\/p>\n
U.S. stock futures edged up on Monday night as oil price reversed course to drop in overnight trading.<\/p>\n
Futures tied to the S&P 500<\/a> rose 0.3%, while Nasdaq 100 futures<\/a> added 0.2%. Dow Jones Industrial Average futures<\/a> advanced 177, or 0.4%.<\/p>\n Prices dropped following a Wall Street Journal report that President Donald Trump had told aides he was willing to end military hostilities<\/a> in the Middle East even if the Strait of Hormuz remained largely shut. <\/p>\n Oil had gained in extended trading after Bloomberg reported<\/a> that Iran struck a Kuwaiti oil tanker in Dubai waters. The Dubai government’s media office said in a post on X<\/a> that no injuries were reported and that “the safety of all 24 crew members has been secured.” Brent crude futures<\/a> climbed 2% and West Texas Intermediate futures<\/a> advanced 3%, before falling 0.82% and 0.66%, respectively. <\/p>\n In Monday’s regular session, the S&P 500<\/a> slipped 0.39%, posting its third losing session in a row, while the Nasdaq Composite<\/a> fell 0.73%. The 30-stock Dow<\/a> bucked the trend with its gain of 49.50 points, or 0.11%.<\/p>\n The S&P 500’s Monday losses put it just over 9% off its closing high and were driven by declines in the technology sector, which slid more than 1%. But Art Hogan, chief market strategist at B. Riley Wealth Management, said that the recent pullback may reflect a typical market reset rather than anything out of the ordinary.<\/p>\n “There’s a couple of narratives going on, but I think long term investors should keep in mind that 10% corrections are normal. They happen all the time. On average, every two years we have a 10% correction,” he said to CNBC. “It’s also important for investors to understand that the volatility in equities is the price you pay for the higher longer-term returns.”<\/p>\n Hogan added: “We’ve had a smattering of positive days when there’s some whiffs of good news.”<\/p>\n Several different factors on Monday reflected the ongoing geopolitical tensions in the Middle East. The CBOE Volatility Index<\/a>, Wall Street’s fear gauge, topped 30 during the session, while U.S. oil prices also rose to kick off the week.<\/p>\n On the other hand, markets received some good news that the Middle East war could soon come to a conclusion, with President Donald Trump writing in a Truth Social post<\/a> that “great progress has been made” regarding the United States’ “serious discussions with A NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran.” On Sunday, Trump shared that tensions have eased in the form of Iran accepting most of the U.S.’ 15-point plan to end the war, with the country allowing an additional 20 oil ships to cross the Strait of Hormuz.<\/p>\n