US futures steady in busy earnings week amid Iran offer talk
(Il Sole 24 Ore Radiocor) - Milano, 27 apr - US futures were steady at the start of a week featuring big-tech earnings and central bank meetings as investors weighed a report that Iran had tabled a proposal to reopen the Strait of Hormuz.
Wall Street ended Friday on a mainly upbeat note with the tech-heavy Nasdaq and the S&P 500 both closing at record highs, up 1.6% and 0.8% respectively. The Dow fell 0.2%.
A report by Axios, citing a US official and two sources with knowledge of the matter, said Iran had offered Washington a new proposal to end the conflict and reopen Hormuz, a critical chokepoint for global oil trade. Critically, nuclear negotiations would be pushed back, Axios said.
The report comes after US president Donald Trump called off plans to send envoys to Pakistan on Saturday for talks with Tehran, saying there was 'tremendous infighting and confusion' among the Iranian leadership.
Oil prices crept higher, with the Brent crude contract up more than 1% at over 106 dollars per barrel.
The earnings season meanwhile marches on with a fifth of S&P 500 companies scheduled to release results during the week.
Alphabet, Amazon, Meta and Microsoft will all report on Wednesday while Apple will follow the day after.
A Federal Reserve monetary policy meeting is also scheduled this week with traders widely expecting the central bank to keep interest rates on hold. The European Union and UK central banks are also due to meet on rates.
Futures on the Dow Jones were down 51.00 points, or 0.10%, S&P 500 futures were up 2.00 points, or 0.03%, while futures.
on the Nasdaq were up 59.75 points, or 0.22%.
(RADIOCOR) 27-04-26 13:49:29 (0318) 5 NNNN