FINWIRES · TerminalLIVE
FINWIRES

US Equity Futures Edge Higher Pre-Bell as Traders Monitor Middle East Situation, Anticipate Week's Tech Earnings

By

US equity futures were higher pre-bell Monday as traders monitored the latest developments in the Middle East conflict and look forward to earnings from several tech giants this week.

Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 1.1% higher.

US Central Command said in a post on X that it successfully completed a ninth consecutive evening of strikes against Iran in a continuing effort to diminish its ability to attack commercial vessels transiting the Strait of Hormuz.

Despite the constant exchange of attacks between both sides, Iran's Foreign Ministry spokesman Esmail Baghaei said that negotiations with the US could be pursued based on national interests.

Alphabet (GOOG, GOOGL), Tesla (TSLA), Intel (INTC), and Texas Instruments (TXN) are set to release their financial results this week. Anticipated earnings also include GE Vernova (GEV), Philip Morris International (PM), RTX (RTX),and American Express (AXP).

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.9% at $86.46 per barrel and US West Texas Intermediate crude 2.4% lower at $79.82 per barrel.

June's leading indicators data is scheduled to be released 10 am ET.

Related Articles

Japan

US Equity Markets End Lower as Oil Prices Climb on US-Iran Escalation

US equity indexes closed lower on Friday as crude oil prices jumped amid escalating attacks by the US and Iran in the Middle East.* US Central Command said in a post on X that it completed the sixth consecutive wave of attacks against Iran. In response, Iran launched missiles into Qatar and Kuwait, the Associated Press reported.* The University of Michigan's preliminary consumer sentiment index rose to 54.4 in July from 49.5 in June, above expectations for 51.0 in a Bloomberg survey.* August West Texas Intermediate crude oil rose $2.95 to settle at $81.90 per barrel, while September Brent crude, the global benchmark, was last seen up $3.25 at $87.48.* Travelers (TRV) shares rose 9.3%, the top gainer on the S&P 500, after the company's Q2 earnings unexpectedly increased, while its written premiums came in ahead of market estimates.* Intuitive Surgical's (ISRG) shares fell 14%, the biggest drop on the S&P, as growth in the company's da Vinci robotic surgery system in the US moderated amid changes in Affordable Care Act subsidies.

Dow JonesNasdaq CompositeS&P 500$ISRG$TRV
Japan

Update: US Equity Indexes Drop as Iran Widens Attack in Middle East

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes slumped as growth sectors sold off, with crude oil surging after Iran widened its attack to a desalination plant in Kuwait.The Nasdaq retreated 1.4% to 25,512.2, with the S&P 500 down 1.1% to 7,453.3 and the Dow Jones Industrial Average lower by 0.8% to 52,153.5 ahead of Friday's close. Communication services, consumer discretionary, and technology led decliners, while energy was the sole gainer.Netflix (NFLX), part of the communication services sector, reported mixed fiscal Q2 results overnight, with earnings above consensus while sales missed, and Q3 guidance lagging market expectations. Shares sank 7.6%, helping lead the S&P 500 and the Nasdaq lower.In geopolitical news, US Central Command said in a post on X that it completed the sixth consecutive wave of attacks against Iran, degrading the nation's military capabilities and holding it "accountable" for recent attacks on commercial shipping in the Strait of Hormuz. President Donald Trump has threatened to launch broad-based air strikes on Iranian infrastructure and has also declined to rule out a ground assault on Iran's coast or islands, Reuters reported.In response, Iran announced attacks on Gulf countries that host US airbases, including Bahrain, Qatar, and Kuwait, the Reuters news report said. Authorities in Kuwait said one of the country's power generation and water desalination stations had been hit in an Iranian attack, it added. Iran recently warned the US that it has asked its allies, Yemen's Houthis, to stand ready to close the Red Sea chokepoint.The front-month US West Texas Intermediate jumped 4.1% to $82.17 a barrel, and global benchmark North Sea Brent advanced 4.2% to $87.78 a barrel.

Dow JonesNasdaq CompositeS&P 500$NFLX
Japan

Update: Communication Services Helps Push US Equity Indexes Lower in Midday Trading

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes slumped as growth sectors sold off while crude oil jumped amid Washington intensifying strikes against Iran.The Nasdaq dropped 1.9% to 25,485.1, with the S&P 500 down 0.7% to 7,479.3 and the Dow Jones Industrial Average lower by 0.1% to 52,492.5 after midday Friday.Communication services, technology, and consumer discretionary led decliners, while energy topped the gainers.Netflix (NFLX), part of the communication services sector, reported mixed fiscal Q2 results overnight, with earnings above consensus while sales missed, and Q3 guidance lagging market expectations. Shares sank 7.5%, helping lead the S&P 500 and the Nasdaq lower.In geopolitical news, US Central Command said in a post on X that it completed the sixth consecutive wave of attacks against Iran, degrading the nation's military capabilities and holding it "accountable" for recent attacks on commercial shipping in the Strait of Hormuz. President Donald Trump has threatened to launch broad-based air strikes on Iranian infrastructure and has also declined to rule out a ground assault on Iran's coast or islands, Reuters reported.An Iranian military spokesman said the Strait of Hormuz will "never return to what it was before the 40-day war," Al Jazeera, a Middle Eastern broadcaster, reported.The front-month US West Texas Intermediate jumped 3.5% to $81.68 a barrel, and global benchmark North Sea Brent advanced 3.2% to $86.90 a barrel.

Dow JonesNasdaq CompositeS&P 500$NFLX