U.S. stocks rose on Monday, following a truncated week after Good Friday. Futures of the major benchmark indices were higher amid the ongoing U.S.-Israel war with Iran.
President Donald Trump, on Sunday, threatened to destroy Iran’s energy and civilian infrastructure if it failed to reopen the Strait of Hormuz by his deadline of Tuesday, warning of severe consequences in a Truth Social post. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Strait, you crazy **, or you’ll be living in Hell – JUST WATCH!,” he said in a post on Truth Social.
Trump will also be holding a press conference alongside military officials later on Monday.
Meanwhile, the 10-year Treasury bond yielded 4.36%, and the two-year bond was at 3.86%. The CME Group's FedWatch tool‘s projections show markets pricing a 99.5% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.
The SPDR S&P 500 ETF Trust (NYSE: SPY) and Invesco QQQ Trust ETF (NASDAQ: QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Monday. The SPY was up 0.13% at $656.65, while the QQQ advanced 0.40% to $587.31.
