{"id":128745,"date":"2026-06-22T16:32:00","date_gmt":"2026-06-22T12:32:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=128745"},"modified":"2026-06-22T17:34:05","modified_gmt":"2026-06-22T13:34:05","slug":"wall-street-futures-steady-after-initial-iran-scare-ai-rally-and-pce-data-keep-bulls-focused-amid-peace-deal-uncertainty","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wall-street-futures-steady-after-initial-iran-scare-ai-rally-and-pce-data-keep-bulls-focused-amid-peace-deal-uncertainty\/06\/22\/market-updates\/","title":{"rendered":"Wall Street Futures Steady After Initial Iran Scare: AI Rally and PCE Data Keep Bulls Focused Amid Peace Deal Uncertainty"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Futures recover:<\/strong> S&amp;P 500 futures fell 0.14% to 7,560.25 after initially tumbling as much as 1% on Iran strike fears.<\/li>\n\n\n\n<li><strong>Nasdaq 100 flat:<\/strong> At 30,716; Dow futures slightly lower at 51,996.<\/li>\n\n\n\n<li><strong>Markets closed Friday:<\/strong> Wall Street observed the Juneteenth holiday.<\/li>\n\n\n\n<li><strong>Iran touts &#8220;major progress&#8221;:<\/strong> FM Araghchi cited significant advances in Switzerland talks, particularly on ending the Lebanon war.<\/li>\n\n\n\n<li><strong>Pakistan and Qatar optimistic:<\/strong> Both mediators flagged &#8220;encouraging progress&#8221; and confirmed more technical discussions are committed for coming days.<\/li>\n\n\n\n<li><strong>Trump&#8217;s Sunday threat:<\/strong> The president warned he would attack Iran if it didn&#8217;t stop Hezbollah from &#8220;causing trouble&#8221; in Lebanon.<\/li>\n\n\n\n<li><strong>Hezbollah the sticking point:<\/strong> Israel&#8217;s bitter conflict with the group in southern Lebanon remains the central obstacle in peace efforts.<\/li>\n\n\n\n<li><strong>Prior Thursday&#8217;s gains:<\/strong> S&amp;P 500 rose 0.55%, Nasdaq Composite jumped 1.9%, and Dow gained 0.1% \u2014 all near recent record highs.<\/li>\n\n\n\n<li><strong>AI trade remains dominant:<\/strong> Chipmaking stocks and megacap tech continue to routinely propel benchmarks to historic highs despite Middle East volatility.<\/li>\n\n\n\n<li><strong>Blockbuster IPO wave:<\/strong> A string of major public offerings has added further market momentum.<\/li>\n\n\n\n<li><strong>Higher-for-longer reality sets in:<\/strong> Wall Street&#8217;s choppy performance reflects the ongoing repricing of rate expectations following the Fed&#8217;s hawkish meeting.<\/li>\n\n\n\n<li><strong>PMI and GDP data due:<\/strong> Purchasing managers index and revised Q1 GDP figures expected in the coming days.<\/li>\n\n\n\n<li><strong>PCE the week&#8217;s pivotal release:<\/strong> The Fed&#8217;s preferred inflation gauge will serve as a litmus test for rate hike expectations \u2014 a cool reading would offer relief; a hot print would accelerate tightening bets.<\/li>\n<\/ul>\n\n\n\n<p>U.S. stock index futures steadied on Monday, reversing initial losses after Iran flagged some progress in weekend peace talks held in Switzerland.<\/p>\n\n\n\n<p>Futures had initially tumbled as much as 1% on fears of heightened tensions with Iran after President Donald Trump threatened more strikes against the country over continued hostilities between Israel and Hezbollah.<\/p>\n\n\n\n<p>S&amp;P 500 futures fell 0.14% to 7,560.25 points by 06:47 ET. Nasdaq 100 futures were flat at 30,716 points, while Dow Jones futures fell slightly to 51,996 points.<\/p>\n\n\n\n<p>Markets were closed for the Juneteenth holiday on Friday.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Iran Touts Progress in Switzerland Talks; More Negotiations on Tap<\/h2>\n\n\n\n<p>Iran&#8217;s Foreign Minister Abbas Araghchi touted &#8220;major progress&#8221; in talks held in Switzerland, especially toward ending the Lebanon war.<\/p>\n\n\n\n<p>Separately, statements from Pakistani and Qatari mediators also flagged &#8220;encouraging progress&#8221; in U.S.-Iran talks, and both sides committed to more technical discussions in the coming days.<\/p>\n\n\n\n<p>The upbeat comments came after Trump on Sunday threatened to attack Iran if it did not stop Lebanese group Hezbollah \u2014 which it backs \u2014 from &#8220;causing trouble.&#8221; Hezbollah&#8217;s bitter conflict with Israel in southern Lebanon has been a key point of contention in ongoing peace efforts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Wall Street Upbeat on Tech Gains; PMIs and PCE Data on Tap<\/h2>\n\n\n\n<p>Wall Street clocked a positive close in a holiday-shortened week on Thursday, amid a rally in chipmaking stocks, continued artificial intelligence optimism, and euphoria around the U.S.-Iran framework peace deal.<\/p>\n\n\n\n<p>The S&amp;P 500 rose 0.55%, the Nasdaq Composite jumped 1.9%, and the Dow Jones Industrial Average rose 0.1% \u2014 with all three indexes closing in sight of recent record highs.<\/p>\n\n\n\n<p>Investors have capitalized on the secular AI boom, using megacap technology stocks as an offensive growth play that routinely propels benchmarks to historic highs. This structural AI trade, paired with a wave of blockbuster initial public offerings, has given equity markets the momentum to shrug off volatile Middle East headlines.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Economic Data This Week<\/h2>\n\n\n\n<p>Focus this week will be on a string of U.S. economic readings. Purchasing managers index data for May and a revised first-quarter gross domestic product print are due in the coming days.<\/p>\n\n\n\n<p>Meanwhile, Wall Street&#8217;s recent choppy performance reflects a rejigging of interest rate expectations, as central bankers signal a higher-for-longer regime.<\/p>\n\n\n\n<p>Market participants are laser-focused on the upcoming Personal Consumption Expenditures price index figures \u2014 the Fed&#8217;s preferred inflation metric. The data will serve as a litmus test for near-term rate hike expectations. A cooler-than-expected reading could offer much-needed relief that inflationary pressures are subsiding, while a hot print could further accelerate expectations of policy tightening.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Futures recover: S&amp;P 500 futures fell 0.14% to 7,560.25 after initially tumbling as much as 1% on Iran strike fears. Nasdaq 100 flat: At 30,716; Dow futures slightly lower at 51,996. Markets closed Friday: Wall Street observed the Juneteenth holiday. Iran touts &#8220;major progress&#8221;: FM Araghchi cited significant advances in Switzerland talks, particularly &hellip;<\/p>\n","protected":false},"author":9,"featured_media":59426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,39,36],"tags":[],"class_list":["post-128745","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=128745"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128745\/revisions"}],"predecessor-version":[{"id":128746,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128745\/revisions\/128746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/59426"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=128745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=128745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=128745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}