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S&P 500 futures slip as traders watch for Strait of Hormuz deal, inflation data

News | 2026/08/09 22:04

S&P 500 futures slip as traders watch for Strait of Hormuz deal, inflation data

Traders are paying attention to negotiations around the Strait of Hormuz

S&P 500 futures are expected to slip on Monday amid growing doubts that the U.S. and Iran will soon strike a deal to allow vessels to freely transit the Strait of Hormuz.

Futures tied to the broad index remained flat, while Nasdaq-100 futures added 0.2%. Dow Jones Industrial Average futures shed 58 points, or 0.11%.

In Asia, Japan's Nikkei 225 added over 0.54% while the Topix was marginally higher. The Kospi gained 0.53% and the small-cap Kosdaq advanced 1.48%.

Last week, Treasury Secretary Scott Bessent's comments to CNBC suggested a deal was imminent. But President Donald Trump told Axios on Sunday that the U.S. was "only semi-negotiating" with Iran.

The three major indexes are coming off their best weeks since April, with the S&P 500 finishing last week at an all-time closing record.

Economic data expected this week will help investors gauge the latest inflation trends.

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