Stock futures are little changed as Wall Street eyes latest developments in Middle East and oil prices: Live updates

A trading floor manager works on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, May 4, 2026. Michael Nagle | Bloomberg | U.S. stock futures were little changed on Monday night after the major averages suffered declines amid growing concerns that escalating tensions in the Middle East could destabilize the region. S&P 500 futures and Nasdaq 100 futures were trading around the flatline, as were futures tied to the Dow Jones Industrial Average . Stocks fell across the board on Monday, with the blue-chip Dow falling 557.37 points, or 1.13%. The S&P 500 lost 0.41%, while the tech-heavy Nasdaq Composite slipped 0.19%. The losses came after the United Arab Emirates said on Monday that Iran launched drones and missiles against it , putting an already fragile ceasefire between the U.S. and Iran on even shakier ground. The U.S. reportedly said that it had sunk Iranian boats in the Strait of Hormuz. Adm. Brad Cooper, who leads U.S. Central Command, said on Monday afternoon that American forces had eliminated six small Iranian that were attempting to interfere with commercial shipping. However, Iranian state media denied that the boats had been sunk. Oil prices rose on Monday. U.S. West Texas Intermediate crude futures fell 1% to $105.39. Despite this ramp up in Middle East tensions and Monday's losses, Morgan Stanley Wealth Management's Dan Skelly still sees reason to stay optimistic. …