Stock futures are flat in overnight trading as June trading begins near record highs: Live updates

Futures tied to the Dow Jones Industrial Average inched down 30 points. S&P 500 futures and Nasdaq 100 futures were both flat.

Stocks wrapped up a strong May, with all three major indexes posting solid gains. The tech-heavy Nasdaq Composite led the advance, up more than 8% for the month. The S&P 500 gained about 5%, while the Dow Jones Industrial Average added nearly 3%.

The major averages closed at fresh highs Friday after the U.S. and Iran reached a 60-day memorandum of understanding to extend the ceasefire.

President Donald Trump said he would meet in the Situation Room “to make a final determination” and reiterated that Iran “must agree that they will never have a Nuclear Weapon.” He also called for the Strait of Hormuz to be “immediately open.”

“Trump clearly doesn’t want to escalate and is looking for an off-ramp. Some type of a pact is very likely, and markets largely assume a sustained cessation of hostilities,” Adam Crisafulli, founder of Vital Knowledge, wrote in a note. “An actual announcement will probably trigger a ‘sell the news’ reaction for the overall S&P 500.”

Oil prices gained Sunday after retreating Friday following the developments. West Texas Intermediate crude futures rose 1.8% to $88.83 a barrel, while Brent crude climbed 1.5% to $92.52. The U.S. benchmark posted its steepest monthly decline since April 2025, tumbling nearly 17% in May.

Investors this week will turn their attention to Friday’s closely watched nonfarm payrolls report for fresh insight into the health of the labor market and the outlook for Federal Reserve policy.