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US Equity Futures Mixed Pre-Bell as 60-Day US-Iran Ceasefire Expires

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US equity futures were mixed pre-bell Monday as the fragile ceasefire between the US and Iran reaches its expiration date after 60 days, with the two nations still locked in a stalemate.

Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.5% higher.

Vessels transiting the Strait of Hormuz dropped over the weekend at five ships compared with 31 in the previous weekend, according to a Reuters report that cited data from analytics firm Kpler.

Iran's foreign minister Abbas Araghchi said that the nation has not yet decided to restart talks with the US, according to multiple reports. President Donald Trump reiterated in a post on Truth Social that Iran "cannot have, in any way, shape, or form, a Nuclear Weapon."

Expected to report financial results this week are Walmart (WMT), Home Depot (HD), Analog Devices (ADI), Alibaba Group (BABA), The TJX Companies (TJX), and Lowe's (LOW).

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.9% at $62.12 per barrel and US West Texas Intermediate crude 2% lower at $58.28 per barrel.

The August Empire State manufacturing index, slated for release at 8:30 a.m. ET, is seen coming in at 10.0 versus 15.6 previously, according to estimates compiled by Bloomberg. The August US housing market index, slated for 10 am ET, is expected at 33, compared with 34 from the prior month.

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