US stock futures pushed up early Monday as investors looked to build on a strong May that pushed major indexes to fresh record highs.
Dow Jones (YM=F) and S&P 500 (ES=F) futures climbed 0.4% and 0.2%, respectively. Nasdaq 100 (NQ=F) futures made gains of 0.2%.
Wall Street enters June following a powerful monthly rally. The Nasdaq Composite (^IXIC) surged more than 8% in May, outperforming its peers as technology shares continued to lead the market higher. The S&P 500 (^GSPC) advanced roughly 5% during the month, while the Dow Jones Industrial Average (^DJI) gained nearly 3%.
President Donald Trump said he would convene advisers in the Situation Room to make a “final determination” on next steps, while reiterating that Iran must never obtain a nuclear weapon. He also called for the immediate reopening of the Strait of Hormuz, a critical artery for global energy shipments.
Oil prices moved higher Sunday after pulling back late last week. US benchmark West Texas Intermediate (CL=F) crude rose 1.8% to just below $89 a barrel, while Brent (BZ=F) crude gained 1.5% to $92. Despite the rebound, WTI logged its biggest monthly decline since April 2025, falling nearly 17% in May.
Looking ahead, investors will focus on Friday’s nonfarm payrolls report, one of the week’s most important economic releases. The employment data could provide fresh clues about labor market strength and help shape expectations for the Federal Reserve’s interest-rate path in the months ahead.
