June S&P 500 E-Mini futures (ESM25) are up +0.40%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.45% this morning, signaling a partial rebound from Friday’s sell-off on Wall Street as investors dialed back some risk-off positioning sparked by the hostilities between Israel and Iran.
Investors continued to keep a close eye on tensions between Israel and Iran, which showed no signs of easing. Iranian missiles hit Israel’s Tel Aviv and the port city of Haifa before dawn on Monday, marking the latest in a series of tit-for-tat attacks that began last week. Iran also warned that it may close the Strait of Hormuz, a key chokepoint for global oil shipments. Still, investors stepped in to buy the dip on Monday, expecting the conflict would be unlikely to draw in more parties.
