S&P 500, Dow Futures Fall As Trump Rejects 'Totally Unacceptable' Iran Peace Proposal—Micron Technologies, Moderna In Focus

U.S. stock futures fell on Monday after Friday’s higher close. This followed President Donald Trump‘s rejection of Iran’s response to a U.S.-backed peace proposal.Trump took to Truth Social and wrote, “I have just read the response … I don’t like it — TOTALLY UNACCEPTABLE!”On the economic front, investors will be looking out for the crucial consumer price and producer price indexes’ reports this week. Companies like Cisco Systems Inc. (NASDAQ:CSCO), Alibaba Group Holding ADR (NYSE:BABA), Applied Materials Inc. (NASDAQ:AMAT), and Hims & Hers Health Inc. (NASDAQ:HIMS) will report earnings this week.Meanwhile, the 10-year Treasury bond yielded 4.38%, and the two-year bond was at 3.92%. The CME Group's FedWatch tool‘s projections show markets pricing a 93.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s 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 lower in premarket on Monday. The SPY was down 0.16% at $736.47, while the QQQ declined 0.17% to $709.85.------------------------------------------------------------------------------------🌐 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.