Dow Futures Fall As Trump Announces Strait Of Hormuz Blockade—Goldman Sachs, Fastenal In Focus

U.S. stock futures declined on Monday following Friday's mixed close. Futures of major benchmark indices were lower after President Donald Trump announced a blockade of the Strait of Hormuz.On Friday, the Dow Jones index closed about 270 points lower after Iran blamed Israel for violating the ceasefire with attacks on Lebanon.The peace talks being held in Islamabad collapsed on Sunday, after 21 hours of discussions. While Vice President JD Vance said that Washington would not compromise on its core demands, Iran stated that the demands made by the U.S. were excessive.Meanwhile, the 10-year Treasury bond yields stood at 4.333%, and the two-year bond was at 3.822% at the time of writing. The CME Group’s FedWatch tool‘s projections show markets pricing a 96.4% likelihood of the Federal Reserve leaving the current interest rates unchanged in April.The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Monday. The SPY was down 0.59% at $675.46, while the QQQ declined 0.68% to $606.91.🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets.------------------------------------------------------------------------------------📲 Follow us on socials @benzinga⚠️ Disclaimer:Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.