Iran Tensions Drag Stock Futures Lower as Oil Rallies Ahead of Earnings Week

Stock futures were down about 0.6% Monday as U.S.-Iran tensions rose after the U.S. seized an Iranian cargo ship. Nasdaq-100, Dow, and S&P 500 futures fell ~0.6% while oil jumped (Brent ~$95.49, WTI ~$89.01). Investors wait for a busy earnings week led by Tesla, UNH, Boeing, Vertiv, GE Vernova, AT&T, and more, after a week of all-time highs for the S&P 500 and Nasdaq.