Stock market today: S&P 500, Nasdaq, Dow futures slide with Hormuz closure, Mag 7 earnings in focus

Updated Sun, April 26, 2026 astatine 6:28 PM CDT 1 min read

US banal futures slipped Sunday nighttime arsenic friction successful Iran and rising lipid prices dampened capitalist appetite up of a high-stakes week for markets.

Futures linked to the Dow Jones Industrial Average (YM=F) fell astir 0.2%. Contracts connected the S&P 500 (ES=F) and Nasdaq 100 (NQ=F) each dropped astir 0.2%.

Both the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) closed past week astatine grounds highs, capping a beardown April rally. The S&P 500 has gained much than 9% this month, portion the Nasdaq has surged implicit 15%. The Dow is up much than 6% implicit the aforesaid period.

Global tensions intensified aft stalled efforts to revive Iran-related talks failed to unfastened the Strait of Hormuz, arsenic planetary lipid proviso restrictions proceed to propulsion up user prices crossed a wide-range of industries.

Crude prices moved higher, with Brent (BZ=F) crude and West Texas Intermediate (CL=F) futures climbing astir 2% each to commercialized supra $100 and $96 a tube respectively.

Markets present crook to a pivotal agelong connected the calendar. Earnings from respective mega-cap tech names of the colloquially named “Magnificent Seven” are owed successful the coming days, a beardown trial of banal resilience successful effect to the Iran war.

Investors are besides focused connected the upcoming determination from the Federal Reserve. The gathering is expected to beryllium the penultimate 1 chaired by Jerome Powell earlier enactment transitions to Kevin Warsh.