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US stock futures rise and oil prices fall as Trump announces plan to reopen Strait of Hormuz shipping.

Market News
03 May 2026
Market Watch
View Source
Bullish
pluang ai news

U.S. stock-index futures, including the Dow Jones, S&P 500, and Nasdaq-100, rose about 0.2% following President Donald Trump's announcement of a plan to partially reopen the Strait of Hormuz. This move aims to free neutral cargo ships stranded in the Persian Gulf due to the ongoing conflict with Iran. Oil prices fell in response to the news, reflecting expectations of improved shipping flow and reduced geopolitical risk. Bitcoin also edged higher, trading near $79,000, indicating cautious optimism in broader markets.

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