U.S. stock futures declined on Monday as the Nasdaq 100, Dow Jones, and S&P 500 indices fell, driven by escalating geopolitical tensions. President Donald Trump issued an ultimatum threatening severe U.S. military strikes against Iran if it does not stop its proxies in Lebanon, while also stating the U.S. intends to take command of the Strait of Hormuz and enforce transit tariffs if negotiations break down. The 10-year Treasury bond yielded 4.49%, and the two-year bond was at 4.22%, with markets pricing a 63.7% likelihood of the Federal Reserve leaving interest rates unchanged in July.

Market Performance

Major indices showed mixed performance in premarket trading. The SPDR S&P 500 ETF Trust (NYSE: SPY) was down 0.10% at $745.96, while the Invesco QQQ Trust ETF (NASDAQ: QQQ) declined by 0.14% to $739.60. The following table details the performance of key indices:

Stocks in Focus

Intel Corp. (NASDAQ: INTC) rose 3.84%, extending last week's gains after President Trump confirmed a long-rumored partnership between the chipmaker and Apple Inc. (NASDAQ: AAPL). Getty Images Holdings Inc. (NYSE: GETY) zoomed 170.20% after announcing a display agreement with OpenAI, under which Getty Images’ licensed content libraries will appear across OpenAI search and discovery experiences within ChatGPT.

Sagtec Global Limited (NASDAQ: SAGT) surged 92.93% after issuing financial year 2026 guidance projecting 35% revenue growth to $25.78 million, up from $19.1 million in financial year 2025. Conversely, Hyperscale Data Inc. (NYSE: GPUS) tumbled 36.66% after announcing a $300 million at-the-market equity offering. YY Group Holding Ltd. (NASDAQ: YYGH) dropped 13.08% after announcing a 30-for-1 reverse stock split to regain compliance with Nasdaq listing requirements.

Cues From Last Session

Most sectors on the S&P 500 closed negative on Thursday, with energy, financial, and health care stocks recording the biggest losses. Consumer discretionary and information technology stocks closed higher. The table below shows the closing values from the previous session:

Commodities and Global Markets

Crude oil futures were trading lower by 0.69% to hover around $75.33 per barrel. Gold Spot US Dollar rose 0.74% to hover around $4,191.05 per ounce. Bitcoin (CRYPTO: BTC) was trading 0.18% higher at $64,018.97 per coin. Asian markets closed higher on Monday, except Hong Kong’s Hang Seng and Australia’s ASX 200 indices. European markets were mixed in early trade.

Senate Democratic leader Chuck Schumer and former New Jersey Gov. Chris Christie (R) have sharply criticized President Donald Trump's agreement with Iran, which includes a provision for at least $300 billion for the reconstruction and economic development of the Islamic Republic of Iran. The dispute centers on a Memorandum of Understanding (MoU) signed by Trump and Iranian President Masoud Pezeshkian. Christie accused Trump of abandoning "America First" for "Iran First," stating the president ended the conflict too quickly after Tehran closed the Strait of Hormuz and accepted a weak deal involving "a $300 billion bribe, unfrozen assets, and their oil profits back."

Democrats Reject Funding Plan

Schumer explicitly ruled out Democratic support for the financial allocation. "The U.S. is worse off because of Trump's incompetence, his ego, and his inability to listen to facts," Schumer wrote on X. "If Trump wants to send hundreds of billions of dollars to Iran, he'll need to do with Republican votes. Democrats will not be helping Trump send $300 billion to Iran." Sen. Cory Booker (D-N.J.) told NBC’s "Meet the Press" that he did "not support this deal," calling it "an abject surrender." Former national security adviser Susan Rice called the deal "a jaw-dropping, horrific surrender" on ABC’s "This Week."

Implementation Talks Stall

The agreement, which suspended a four-month war, began to fray over the weekend. Reuters reported that the first implementation talks in Switzerland were postponed after Iran held back its delegation over Israel’s continued bombing of Lebanon, prompting Vice President JD Vance to delay his trip. The memorandum leaves the "mechanism for implementation" to 60 days of talks and specifies that Washington will grant needed licenses, sanctions waivers, or other permissions.

Trump And Vance Deny Taxpayer Funding

Trump and Vice President JD Vance sought to reassure critics that U.S. taxpayers would not fund the plan. Trump wrote on Truth Social, "There is no 300 Billion Dollar payment to Iran by the U.S. That's Fake News!" He called the claim Democratic "propaganda." Vance told The New York Times that the plan would not be "paid for by American taxpayers," adding, "Not a cent of American money goes to Iran." Vance has argued that if Iran complies, the agreement will "fundamentally transform the Middle East for the next 50 years."

Key Components of the Agreement

The following table outlines the major elements of the framework currently in effect and under negotiation:

Lawmakers Tie Fund To Domestic Priorities

The agreement has drawn sharp criticism from across the political spectrum regarding the allocation of funds. Sen. Amy Klobuchar (D-Minn.) noted that $300 billion could fund homelessness programs, cancer research, and pre-K education, stating, "This is not America First." Republican critics also pushed back, with Sen. Roger Wicker (R-Miss.) saying the package would make "Iran's payoff" under Barack Obama's 2015 deal look small. Former Trump Defense Secretary Mark Esper told NBC the deal was "a strategic setback," saying Iran had found "a reusable tool" to threaten the global economy.