S&P 500 Futures Edge Higher as Hormuz Deal Uncertainty and Inflation Data Loom

S&P 500 and Nasdaq futures inched higher Monday morning as investors weighed conflicting signals over a potential Strait of Hormuz agreement and looked ahead to key inflation data. The cautious tone follows a strong week for equities: all three major indexes posted their best weekly gains since April, and the S&P 500 closed Friday at an all-time high. Progress on a Hormuz deal remains uncertain, with Iranian Foreign Minister Abbas Araghchi stating that Tehran is not in direct talks with Washington and that messages are being exchanged only through intermediaries, while U.S.

President Donald Trump said Sunday that Washington is keeping negotiations low-key and that a deal is near. Dow futures slipped about 0.1% while S&P 500 and Nasdaq-100 futures posted modest gains, reflecting investor hesitation ahead of upcoming inflation readings that could shape the near-term market outlook.