Stock Futures Slip After Winning Week as Oil Prices Rise

Wall Street is coming off a strong performance last week, with the S&P 500 soaring nearly 6%.

Apr. 5, 2026 at 10:05pm

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Stock futures fell on Sunday, following a winning week, as traders continue to monitor the latest developments in the U.S.-Iran war and oil prices rose. The Dow Jones Industrial Average futures lost 253 points, or 0.5%, while S&P 500 and Nasdaq-100 futures shed 0.6% and 0.7%, respectively.

Why it matters

The major averages experienced wild swings during the week, as traders assessed updates on the U.S.-Iran war and gauged when the conflict may end. Higher oil prices are likely to flow through to higher input costs and ultimately higher inflation, which could impact the broader economy.

The details

Wall Street is coming off a strong performance last week, with the S&P 500 soaring nearly 6%. That gain snapped a five-week losing streak and marked the benchmark's best weekly performance since late November. The Dow and Nasdaq also ended their respective five-week slides. The former advanced 3% for the week, while the latter popped 4.4%. On Sunday, President Donald Trump warned the U.S. would strike Iran's power plants and bridges if the Strait of Hormuz isn't opened by Tuesday. Crude prices ticked higher to start the week, with West Texas Intermediate futures gaining 1.9% to $113.53 per barrel and Brent crude climbing 1.3% to $110.44 per barrel.

  • On Sunday, President Donald Trump issued a warning about Iran.
  • Monday will mark the first session during which investors will be able to react to the March jobs report, which came out on Friday.

The players

Donald Trump

The President of the United States.

Ryan Weldon

A portfolio manager at IFM Investors.

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What they’re saying

“Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!!”

— Donald Trump, President of the United States

“The March employment data showed a strong rebound from February's weak numbers but likely won't completely reassure markets as a deeper look suggests a labor market that is limping along. The layoff data from earlier this week ticked up for the first time in three months and job openings remained lower than expected. Higher oil prices are likely to flow through to higher input costs and ultimately higher inflation.”

— Ryan Weldon, Portfolio Manager, IFM Investors

What’s next

Investors will be closely watching the market's reaction to the March jobs report on Monday, as well as any further developments in the U.S.-Iran conflict and its impact on oil prices.

The takeaway

The volatility in the stock market last week highlights the continued uncertainty surrounding geopolitical tensions and their potential impact on the broader economy. Investors will need to closely monitor these developments as they assess the market's direction going forward.