FINWIRES · TerminalLIVE
FINWIRES

Update: US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Pause in Middle East Hostilities

By

US equity futures rose pre-bell Monday as oil prices declined amid a pause in hostilities between the US and Iran over the weekend.

Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.3% higher.

The US did not strike any Iranian targets on Saturday or Sunday after 13 consecutive nights of attacks. The US ambassador to the United Nations, Mike Waltz, told Fox News that President Donald Trump has halted the attacks for the meantime to allow more time for diplomacy. Iran said it will suspend its own attacks as long as the US does the same, Reuters reported Sunday, citing a senior Iranian official.

Traders anticipate another round of earnings this week, kicked off by AstraZeneca (AZN), which posted higher Q2 core earnings and revenue.

Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon.com (AMZN), Lam Research (LRCX), and Arm (ARM) are set to release their financial results this week. Anticipated earnings also include Seagate Technology (STX), Qualcomm (QCOM), Procter & Gamble (PG), Visa (V), and Mastercard (MA).

Traders also look forward to the Federal Reserve's policy session and rate statement, slated for Wednesday.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 5.2% at $86.94 per barrel and US West Texas Intermediate crude 6% lower at $83.97 per barrel.

Durable goods new orders rose 0.3% in June after a 4.0% decline in the prior month, compared with expectations for a 1.8% increase in a survey compiled by Bloomberg. The Dallas Fed manufacturing survey for July will be released at 10:30 am ET.

In other world markets, Japan's Nikkei closed 0.5% higher, Hong Kong's Hang Seng ended 1% higher, and China's Shanghai Composite finished 1.2% higher. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 1.6% higher in Europe's early afternoon session.

In equities, energy-related stocks were on the downswing due to the drop in oil prices. Exxon Mobil (XOM) shares fell 3.4%, Chevron (CVX) stocks were down 2.7%, and Shell (SHEL) shares were 2.3% lower.

On the winning side, Broadcom (AVGO) stock was up 2.1% after the company and Samsung Electronics said they signed a memorandum of understanding to expand their strategic collaboration across memory and foundry technologies to support next-generation artificial intelligence infrastructure. Advanced Micro Devices (AMD) shares rose 2.2% after a Korea Times report cited the Ministry of Science and ICT as saying that the company partnered with South Korea to establish an artificial intelligence research facility and expand computing infrastructure. Toyota Motor (TM) stock was up 1.6% after the company said it signed a binding agreement with Volvo Group and Daimler Truck to acquire a one-third stake in fuel-cell joint venture Cellcentric.

Related Articles

Japan

US Equity Markets Mixed as Oil Prices Decline on Efforts to Mediate Peace Between US, Iran

US equity indexes were mixed Friday as crude oil declined amid China-backed Pakistani efforts to mediate peace between the US and Iran.* Pakistan is exploring a pathway to restart stalled peace negotiations between the US and Iran following a Chinese initiative, Reuters reported Friday, citing three Pakistani sources.* The July flash reading of manufacturing conditions from S&P Global slipped to 53.8 from 53.9 in June, compared with 54.4 expected in a survey compiled by Bloomberg.* August West Texas Intermediate crude oil fell $2.61 to settle at $89.58 per barrel, while September Brent crude, the global benchmark, was last seen down $3.47 at $97.22.* Salesforce (CRM) shares were up about 4.3%, the top gainer on the Dow, after the company said Friday the US Department of Veterans Affairs awarded the company, through its distribution network, a three-year $1.6 billion agentic enterprise license agreement.* C.H. Robinson Worldwide (CHRW) shares were down nearly 9.2%, among the worst performers on the S&P 500, after the company said a jury in Dallas County, Texas, issued a $604 million advisory verdict against the firm and two other defendants in a lawsuit stemming from a trucking accident involving an independent motor carrier.

Dow JonesNasdaq CompositeS&P 500$CHRW$CRM
Japan

Update: US Equity Indexes Mixed as Technology Declines in Final Leg of Trading

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed ahead of Friday's close, as technology led decliners on sector charts while crude oil fell with government bond yields.The Dow Jones Industrial Average rose 0.3% to 51,877.1, while the S&P 500 was little changed at 7,405.4 and the Nasdaq Composite slipped 0.6% to 24,983.7. Real estate, materials, and communication services topped the gainers.The Dow Jones Industrial Average rose 0.3% to 51,877.1, and the S&P 500 was little changed at 7,405.4. The Nasdaq Composite slipped 0.6% to 24,983.7. Real estate, materials, and communication services topped the gainers.Pakistan is exploring a path toward a resumption of stalled talks between the US and Iran over ending the war, following a push initiated by China, Reuters reported, citing sources, on Friday.Exploratory discussions took place during a visit by Iran's Interior Minister Eskandar Momeni to Islamabad this week -- his second within the last 10 days, three Pakistani sources told the news agency. All three sources cautioned that obstacles to any talks with the US remained high, per the news report.Despite threats from the Iran-aligned Houthis, tracking data showed two oil tankers sailing through the Gulf of Aden on Friday, CNN reported. The Houthi attacks on two Saudi Arabian tankers in the Red Sea chokepoint on Thursday forced several other tankers to turn around and head north through the Suez Canal, potentially using a much longer route to reach Asia by sailing around Africa, Reuters reported.The front-month US West Texas Intermediate dropped 3.3% to $89.14 a barrel, and global benchmark North Sea Brent slumped 4.1% to $96.51 a barrel, retreating from a surge this week amid the Houthi attacks in the Red Sea targeting Saudi crude oil exports.The latest jump in oil prices is likely to be short-lived, a Dow Jones news report cited a Julius Baer note, referring to Brent crude surpassing the $100 mark Thursday for the first time since the US-Iran ceasefire agreement in June. Despite fresh attacks on tankers in the Red Sea and the Strait of Hormuz, the renewed fighting appears to reflect efforts by the parties to strengthen their bargaining positions ahead of another round of negotiations, the news report cited the note.Most US Treasury yields fell in the final leg of trading on Friday as a decline in crude oil helped keep a lid on inflation worries. The 10-year declined two basis points to 4.68%, retreating from its highest seen in a year on Thursday. The two-year dropped 2.7 basis points to 4.33%, after yields hit fresh 52-week highs twice this week.

Dow JonesNasdaq CompositeS&P 500
Japan

Update: US Equity Indexes Rise Amid Broad-Based Sector Rally While Crude Oil Declines

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose as all sectors advanced in Friday's midday trading amid declining crude oil and government bond yields.The Dow Jones Industrial Average climbed 0.7% to 52,083.5, the S&P 500 rose 0.6% to 7,450.1, and the Nasdaq Composite edged up 0.2% to 25,179.5. Real estate, consumer staples, and materials topped the gainers.The front-month US West Texas Intermediate dropped 3.9% to $88.62 a barrel, and global benchmark North Sea Brent slumped 4.5% to $96.20 a barrel. The retreat came as a relief from a surge on Thursday when the Iran-aligned Houthi rebels attacked two Saudi Arabian tankers in the Red Sea chokepoint. Separately, President Donald Trump threatened a "massive attack" on Iran to continue to degrade its ability to attack maritime traffic in the Strait of Hormuz.The latest jump in oil prices is likely to be short-lived, a Dow Jones news report cited a Julius Baer note. Despite fresh attacks on tankers in the Red Sea and the Strait of Hormuz, the renewed fighting appears to reflect efforts by the parties to strengthen their bargaining positions ahead of another round of negotiations, the news report cited the note.Most US Treasury yields fell in midday trading, aiding investor sentiment. The 10-year fell 4.6 basis points to 4.66%, retreating from its highest seen in a year on Thursday. The two-year declined 4.7 basis points to 4.31%, after yields hit fresh 52-week highs twice this week.In company news, Digital Realty Trust (DLR) reported Q2 core funds from operations and operating revenue above market expectations late Thursday, and the company also raised its 2026 core FFO and sales guidance. Shares of the firm surged nearly 15%, the top gainer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$DLR