Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 20, 2026.
Brendan McDermid | Reuters
U.S. stock futures were little changed on Monday night after the Nasdaq Composite snapped a 13-day win streak during the regular session.
S&P 500 futures and Nasdaq 100 futures added 0.1% and 0.2%, respectively. Futures tied to the Dow Jones Industrial Average rose by 70 points, or 0.2%.
All three major averages ended Monday lower after tensions between the U.S. and Iran escalated over the weekend. The S&P 500 slipped 0.24%, while the Dow Jones Industrial Average shed 4.87 points, or 0.01%. The Nasdaq Composite lost 0.26%, breaking its longest positive streak since 1992.
The moves came after President Donald Trump said on Sunday said the U.S. had struck and seized an Iranian-flagged cargo ship in the Gulf of Oman. This followed Iran saying it wouldn’t participate in a new round of peace talks with the United States. The ceasefire between the U.S. and Iran is due to expire this week.
But despite this ramp-up in tensions and Monday’s losses, investors remain bullish on the broader picture ahead for equities.
“We still think that the market is going to overshoot to the upside. We have our upside target of 7,300 by July, which is basically our year-end target,” Ohsung Kwon, chief equity strategist at Wells Fargo, said on CNBC’s “Closing Bell: Overtime” on Monday afternoon. “I think the economy is going to be fine for the next three months.”
Kwon’s 7,300 price target for the S&P 500 would represent an upside of 3% from the index’s Monday close.
A slew of companies report earnings before Tuesday’s bell, including UnitedHealth, Danaher, GE Aerospace, 3M, Northrop Grumman, Halliburton, Quest Diagnostics, RTX, Tractor Supply and Genuine Parts. March’s retail sales data will be released as well on Tuesday morning.
Also of interest is Federal Reserve chair nominee Kevin Warsh’s confirmation hearing. In his prepared statement to the Senate Banking committee, released Monday, the former Fed governor said the U.S. central bank must be largely independent of political influence, while also staying focused on its primary goals.
“The Fed must stay in its lane,” he said. “Fed independence is placed at greatest risk when it strays into fiscal and social policies where it has neither authority nor expertise.”
Asia markets mixed as investors weigh hopes for Iran peace talks against Trump threat of escalation
Asia-Pacific markets were mixed Tuesday, as tensions between Iran and the U.S. continue to simmer amid hopes for a resolution to the Middle East conflict.
South Korea’s Kospi extended early gains to advance 2.11% while the small-cap Kosdaq inched lower. Japan’s Nikkei 225 gained 1.15%, while the Topix was marginally higher. Australia’s S&P/ASX 200 gave up early gains and was down 0.24%.
Mainland China’s CSI300 index was trading 0.21% lower, while Hong Kong’s Hang Seng index gained 0.46%. Victory Giant, one of Nvidia’s printed-circuit-board suppliers, debuted on the Hong Kong Stock Exchange, advancing over 50% of its initial offering of HK$209.88. The company was seeking to raise $2.24 billion in the city’s largest IPO since Zijin Gold last September.
West Texas Intermediate futures for May delivery was 1.51% lower at $88.26 per barrel as of 9:34 p.m. ET. Brent crude futures for June delivery fell 0.48% to $95.01 per barrel.
— Justina Lee
6 of the 11 GICS sectors end Monday higher
On Monday, six of the 11 GICS sectors ended the session higher.
Gains were led by materials stocks, up 0.57%, and followed by financials and real estate stocks, respectively ending 0.34% and 0.27% higher.
On the other hand, communication services stocks lagged, notching a 1.41% loss. The health care and utilities sectors followed, down 0.93% and 0.91%, respectively.
— Lisa Kailai Han
Apple taps longtime insider John Ternus to replace Tim Cook as CEO
Apple has named John Ternus to replace Tim Cook as its CEO, effective Sept. 1. The 65-year-old Cook will become executive chairman, helping with “certain aspects of the company, including engaging with policymakers around the world.”
A longtime insider, Ternus had helmed Apple’s hardware engineering business as senior vice president. With more than two decades at the company, Ternus brings a lot of knowledge of Apple’s core products to the role at a time when Apple needs to adapt to artificial intelligence.
Investors took the end of Cook’s 15-year tenure in stride. Apple shares fell less than 1% on the news.
Year-to-date, Apple stock has underperformed the market, nudging up only 0.4%. Under Cook’s watch, Apple’s market cap increased roughly 24-fold to top $4 trillion.
—Christina Cheddar Berk
Stocks making the biggest moves after the bell: Amazon, Apple and more
These are the stocks moving the most in extended hours trading:
- Amazon — The e-commerce giant popped 3% after the company agreed to invest up to $25 billion in Anthropic as part of an expanded agreement to build out AI infrastructure.
- Apple — The tech stock fell less than 1% in extended trading after announcing that Tim Cook will step down as CEO on Sept. 1.
- Steel Dynamics — The steel producer added less than 1% after posting mixed first-quarter results.
Read the full list of stocks moving here.
— Lisa Kailai Han
Stock futures are little changed
Stock futures opened little changed on Monday night.
Futures tied to all three major averages were trading around flat shortly after 6 p.m. ET.
— Lisa Kailai Han