US stock futures slip 0.2–0.3% as investors weigh Iran tensions alongside AI developments; Alphabet targets $80 billion for AI infrastructure while Hewlett Packard Enterprise posts record quarter.

Futures on the Dow Jones Industrial Average and S&P 500 fell 0.2%; Nasdaq 100 futures fell 0.3%. Alphabet stock edged lower after announcing plans to raise $80 billion for AI infrastructure. Hewlett Packard Enterprise stock rose more than 20% after reporting a record quarter driven by AI data center expansion.

Stock market movements reflected investor uncertainty over Iran negotiations alongside latest AI developments. President Trump announced Israel and Hezbollah had agreed to stop attacks, and added that talks with Iran were continuing 'at a rapid pace.'

On Tuesday, investors will receive the Job Openings and Labor Turnover Survey (JOLTS) report, the first in a series of employment data releases this week culminating with the May jobs report on Friday. Earnings releases scheduled for Tuesday include Palo Alto Networks (PANW), Dollar General (DG), Ulta Beauty (ULTA), and Victoria's Secret (VSCO).