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637 stories mentioning Dow Jones Industrial AverageUpdated 6h ago

Climbed to a record close, settling near 51,670, after a US-Iran framework to reopen the Strait of Hormuz sent oil prices tumbling.

Asia Markets19d ago

Exchange-Traded Funds, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded fund IWM edged higher and IVV fell. Actively traded Invesco QQQ Trust (QQQ) fell 0.3%.US equity indexes traded mixed amid a decline in crude oil prices and government bond yields.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each lost about 1%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was 1% lower; iShares US Technology ETF (IYW) fell 1%, and iShares Expanded Tech Sector ETF (IGM) was down 0.7%.The State Street SPDR S&P Semiconductor (XSD) declined 2.7%, and iShares Semiconductor (SOXX) eased 2.3%.FinancialThe State Street Financial Select Sector SPDR (XLF) fell 0.9%. Direxion Daily Financial Bull 3X Shares (FAS) declined 2.9%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed up 3%.CommoditiesCrude oil fell 4.2%, and the United States Oil Fund (USO) slipped 3.7%. Natural gas rose 3.9%, and the United States Natural Gas Fund (UNG) was up 4.4%.Gold on Comex dipped 1.2%, and the State Street SPDR Gold Shares (GLD) shed 1.5%. Silver fell 2.1%, and iShares Silver Trust (SLV) eased 3.3%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) gained 1.4%. The Vanguard Consumer Staples ETF (VDC) rose 1.4%, and iShares Dow Jones US Consumer Goods (IYK) was up 1.5%.The State Street Consumer Discretionary Select Sector SPDR (XLY) rose 1.8%. VanEck Retail ETF (RTH) gained 0.7%, and the State Street SPDR S&P Retail (XRT) added 1.5%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 0.2%, iShares US Healthcare (IYH) added 0.2%, and Vanguard Health Care ETF (VHT) was up 0.2%. IShares Biotechnology ETF (IBB) gained 0.4%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) lost 0.1%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were marginally higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) fell 1.3%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) dipped 1.5%, ProShares Ether ETF (EETH) was down 0.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 1% lower.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

Japan19d ago

US Equity Indexes Mixed in Midday Trading as Crude Oil Slumps

US equity indexes traded mixed amid a decline in crude oil prices and government bond yields.The Nasdaq Composite fell 0.3% to 26,578.4, with the S&P 500 down 0.2% to 7,506.4, as technology sat at the bottom of sector charts in midday trading on Wednesday. The Dow Jones Industrial Average, however, climbed 0.3% to 50,617.2.The memorandum of understanding being negotiated between Tehran and Washington will call for US military forces to withdraw from Iran's vicinity and lift the blockade of Iranian ports in return for the reopening of the Strait of Hormuz to pre-war levels, CNN reported, citing Iranian state television.The US denied the Iranian TV report that said maritime traffic through the critical waterway could return to normal within a month of the peace deal coming into effect, Bloomberg reported.West Texas Intermediate crude oil futures dropped 3.4% to $90.70, and Brent crude futures slumped 3% to $96.60.Most US Treasury yields fell, with the 10-year down 2.2 basis points to 4.47% and the two-year lower by 1.9 basis points to 4.03%.

Dow JonesNasdaq CompositeS&P 500

Commodities19d ago

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Amid S&P 500, Nasdaq Rally, Middle East Peace Optimism

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.7%, and the actively traded Invesco QQQ Trust (QQQ) was 1.7% higher in Wednesday's premarket activity amid all-time highs achieved by the S&P 500 and the Nasdaq along with continued optimism for an end to the Middle East conflict.US stock futures were higher, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.7% before the start of regular trading.The Richmond Federal Reserve's manufacturing and business conditions readings for May are due to be released at 10 am ET, followed by the Dallas Fed's non-manufacturing survey for May at 10:30 am ET.Mortgage applications fell by 8.5% in the week ended May 22 as a sharp increase in mortgage rates pushed down refinancing activity and new home applications, according to Mortgage Bankers Association data released Wednesday.In premarket activity, bitcoin was down by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.2% higher, Ether ETF (EETH) advanced 2.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) increased by 0.2%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1.5%, while the Vanguard Industrials Index Fund (VIS) gained 1.7%, and the iShares US Industrials ETF (IYJ) rose 1.3%.Dycom Industries (DY) stock was up more than 23% before the opening bell after the company reported higher fiscal Q1 adjusted net income and contract revenue.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) dropped 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.3%, while Direxion Daily Financial Bear 3X Shares (FAZ), was 0.2% higher.Qfin (QFIN) stock was up more than 7% even after the company posted lower Q1 non-GAAP net income and net revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 1.4% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) dropped by 1.4%. The iShares US Consumer Staples ETF (IYK) retreated by 1.6%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increased by 0.2%. The VanEck Retail ETF (RTH) was 1.2% lower, while the State Street SPDR S&P Retail ETF (XRT) was 0.5% higher.PDD Holdings (PDD) shares were down more than 7% after the company posted Q1 non-GAAP earnings and revenue that missed analysts' estimates, with non-GAAP EPS declining year over year.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) increased by 2.6%, and the iShares US Technology ETF (IYW) was 2.3% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 2.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained by 4.7%, while the iShares Semiconductor ETF (SOXX) rose by 6.1%.Micron Technology (MU) shares were up more than 7%, extending gains after the company's market capitalization eclipsed $1 trillion for the first time on Tuesday.EnergyThe iShares US Energy ETF (IYE) was 2.5% lower, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 2.7%.TotalEnergies (TTE) is facing a dispute with Mozambique over about $2 billion in costs tied to delays at its liquefied natural gas project in the country, Bloomberg reported, citing an unnamed person familiar with the matter. Shares of TotalEnergies were down more than 2% pre-bell.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.9%, the Vanguard Health Care Index Fund (VHT) was up 0.7%, while the iShares US Healthcare ETF (IYH) lost by 0.7%. The iShares Biotechnology ETF (IBB) was 0.4% higher.Guardant Health (GH) shares were up more than 5% after the company said its Shield blood test has been included in the American Cancer Society's updated Colorectal Cancer Screening guidelines.CommoditiesFront-month US West Texas Intermediate crude oil fell by 5.6% to $88.54 per barrel on the New York Mercantile Exchange. Natural gas was up 1.8% at $2.95 per 1 million British Thermal Units. The United States Oil Fund (USO) retreated by 2.7%, while the United States Natural Gas Fund (UNG) was 0.3% lower.Gold futures for August retreated by 1.6% to $4,461.50 an ounce on the Comex. Silver futures fell by 2.9% to $74.35 an ounce. SPDR Gold Shares (GLD) was up by 0.04%, and the iShares Silver Trust (SLV) rose by 2%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GH$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MU$PDD$PMR$QFIN$QQQ$RTH$SLV$SOXX$SPY$TTE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Asia Markets19d ago

S&P 500, Nasdaq Rally, Middle East Peace Optimism Drive US Equity Futures Higher Pre-Bell

US equity futures were trending higher pre-bell Wednesday as the S&P 500 and the Nasdaq reached new all-time highs amid continued optimism for an end to the Middle East conflict.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.8% higher.The S&P 500 added 0.6% and the Nasdaq rose 1.2% to fresh intraday and closing highs, driven by an upswing in the technology sector.President Donald Trump said in a post on Truth Social that talks with Iran were "proceeding nicely." However, Iran threatened to respond to ceasefire violations after the US military carried out what it called "self-defense strikes" on Iranian missile launch sites and vessels around the Strait of Hormuz. Negotiations to end the war continue.Traders noted the latest round of earnings, with PDD (PDD) posting lower Q1 non-GAAP earnings amid higher revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 4.6% at $92.25 per barrel and US West Texas Intermediate crude 6% lower at $88.24 per barrel.The Richmond Fed manufacturing index for May is scheduled to be released at 10 am ET.In other world markets, Japan's Nikkei closed flat, Hong Kong's Hang Seng ended 1.1% lower, and China's Shanghai Composite finished 1.3% lower. Meanwhile, the UK's FTSE 100 was up 0.2%, and Germany's DAX index was 0.2% higher in Europe's early afternoon session.In equities, Micron Technology (MU) stock was up 7.4% as the company's market capitalization reached $1 trillion for the first time. Fellow tech firms Marvell Technology (MRVL), Seagate Technology (STX), and Western Digital (WDC) all saw their shares rise as part of a broader tech rally. Marvell stock was up 6.1%, Seagate shares were higher by 5.4%, and Western Digital stock was up 5.5%.On the losing side, ExxonMobil (XOM) shares were down 2.1% after a Reuters report that Occidental Petroleum (OXY) was acquiring a 10% stake in the company's deepwater exploration block offshore Trinidad and Tobago. TotalEnergies (TTE) stock was 3.3% lower after a Bloomberg News report that the company is facing a dispute with Mozambique over about $2 billion in costs tied to delays at its liquefied natural gas project in the country. PDD shares were down 8.8% after the company reported its Q1 financial results.

Dow JonesNasdaq CompositeS&P 500$MRVL$MU$OXY$PDD$STX$TTE$WDC$XOM

Japan19d ago

S&P 500, Nasdaq Rally, Middle East Peace Optimism Drive US Equity Futures Higher Pre-Bell

US equity futures were rising pre-bell Wednesday as the S&P 500 and the Nasdaq reached new all-time highs amid continued optimism for an end to the Middle East conflict.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.7% higher.The S&P 500 added 0.6% and the Nasdaq rose 1.2% to fresh intraday and closing highs, driven by an upswing in the technology sector.President Donald Trump said in a post on Truth Social that talks with Iran were "proceeding nicely." However, Iran threatened to respond to ceasefire violations after the US military carried out what it called "self-defense strikes" on Iranian missile launch sites and vessels around the Strait of Hormuz. Negotiations to end the war continue.Traders noted the latest round of earnings, with PDD (PDD) posting lower Q1 non-GAAP earnings amid higher revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.5% at $94.29 per barrel and US West Texas Intermediate crude 3.5% lower at $90.64 per barrel.The Richmond Fed manufacturing index for May is scheduled to be released at 10 am ET.

Dow JonesNasdaq CompositeS&P 500$PDD

US Markets19d ago

Stocks Rise Pre-Bell Amid Tech Rally; Middle East Uncertainty Persists

US equity futures were trending higher on Wednesday amid tech-driven momentum from the previous trading session, while investors continue to monitor ongoing uncertainty in the Middle East.The S&P 500 rose 0.3%, the Dow Jones Industrial Average gained 0.5% and the Nasdaq added 0.4% in premarket activity. The Nasdaq and the S&P 500 finished Tuesday trading at new record peaks, while the Dow closed lower.Shares of Micron Technology (MU) advanced 5.7% pre-bell after finishing the prior session up 19%. The semiconductor manufacturer's market capitalization crossed the $1 trillion mark for the first time on Tuesday, with UBS Securities increasing its price target on the company's stock.Marvell (MRVL) rose 6% before the bell, while Seagate (STX) and Western Digital (WDC) gained 3.6% and 3.3%, respectively.Investors are also keeping an eye out for any updates on peace talks between the US and Iran. Tehran's Islamic Revolutionary Guard Corps reportedly said Tuesday that Iran has a "legitimate" right to respond to any violation of a ceasefire by the US.Earlier in the week, the US military targeted Iranian missile launch sites and boats around the crucial Strait of Hormuz, in what it described as "self-defense strikes," according to multiple media outlets. President Donald Trump said Monday that negotiations with Iran were "proceeding nicely.""While an extended conflict with Iran remains the largest risk to continued market gains, in our view, markets are positioned for more progress on peace talks and the Strait of Hormuz reopening," D.A. Davidson said in a report Tuesday.West Texas Intermediate crude oil declined 4% to $90.12 a barrel before the opening bell, while Brent fell 3.2% to $96.43.Treasury yields were down in premarket action, with the two-year rate retreating 2.9 basis points to 4.02% and the 10-year rate off 2.6 basis points to 4.47%.US consumer confidence fell in May amid mounting inflation concerns as the Middle East conflict has stretched for about three months now, a survey by the Conference Board showed Tuesday.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the Federal Reserve Bank of Richmond's manufacturing index for May at 10 am. The Atlanta Fed's survey of business uncertainty for this month is out at 11 am.Federal Reserve Governor Lisa Cook is scheduled to speak at 3:55 pm, while Fed Vice Chair Philip Jefferson speaks later at 8 pm.PDD (PDD), Dick's Sporting Goods (DKS), Dycom Industries (DY), Bath & Body Works (BBWI), Abercrombie & Fitch (ANF), Manchester United (MANU) and Capri (CPRI) report their latest financial results before the bell, among others. Marvell, Salesforce (CRM), Synopsys (SNPS), Snowflake (SNOW) and HP (HPQ) post their earnings after the markets close.Gold edged down 0.4% to $4,484 per troy ounce, while bitcoin was up slightly at $75,878.

Dow JonesNasdaq CompositeS&P 500$ANF$BBWI$CPRI$CRM$DKS$DY$HPQ$MANU$MRVL$MU$PDD$SNOW$SNPS$ZS

International19d ago

US Futures Advance Premarket Wednesday, Extending Tech-Led Gains From AI Optimism

US futures were advancing hours before market open Wednesday, as Tuesday's technology-led rally continues amid renewed confidence on artificial intelligence.In the futures, the S&P 500 was 0.3% higher, the Nasdaq gained 0.5%, and the Dow Jones advanced by 0.4%.Asian markets were mixed at Wednesday's close, while most European bourses were tracking higher around midday.Early movers include Zscaler (ZS), which was down more than 23% following its fiscal Q3 report, while Micron Technology (MU) was advancing past 5%, extending gains after its market capitalization eclipsed $1 trillion for the first time on Tuesday.Marvell Technology (MRVL), Salesforce (CRM), PDD Holdings (PDD), and Bank of Montreal (BMO) are among the companies releasing quarterly reports within the day.On the economic calendar are reports on MBA Mortgage Applications at 7am ET, Richmond Fed Manufacturing Index at 10am ET, and Survey of Business Uncertainty at 11am ET.In premarket action, Bitcoin traded at $75,779, West Texas Intermediate crude oil traded 3.8% lower at $90.33, and 10-year US Treasuries offered 4.47%. Spot gold traded for $4,449 an ounce.

Dow JonesNasdaq CompositeS&P 500

Asia Markets20d ago

Technology Catapults S&P 500, Nasdaq to Fresh All-Time Highs

US equity indexes were mixed, as technology helped push the S&P 500 and the Nasdaq Composite to new peaks amid declining government bond yields and divergent crude oil futures.The Nasdaq jumped 1.2% to 26,656.18, with the S&P 500 up 0.6% to 7,519.12 at the close on Tuesday. Both the gauges hit fresh all-time highs earlier in the day. The Dow Jones Industrial Average, however, slipped 0.2% to 50,461.68.Most US Treasury yields fell, with the 10-year down 8.1 basis points to 4.49% and the two-year down 8.7 basis points to 4.04%.Micron Technology's (MU) market capitalization touched $1 trillion for the first time after several bullish analyst reports. The chipmaker's shares soared 19% after midday, the top performer on the S&P 500 and the Nasdaq.Among stocks with a market capitalization of more than $200 billion, nine in the top 10 are semiconductor companies, and the remaining one is a manufacturer of computer hardware, according to data compiled by Finviz.The US is touting progress toward a peace deal with Iran to end the nearly three-month war, even amid fresh hostilities and uncertainty over the vital Strait of Hormuz, Bloomberg reported Tuesday. Security in the crucial energy waterway remained unclear Tuesday after the two sides exchanged strikes overnight, and the US Central Command pushed back reports suggesting the military was helping escort vessels.Iran's top negotiator, Mohammad Baqer Qalibaf, was in Doha for talks with Qatar's prime minister on a potential deal, an official briefed on the visit told Reuters. Qalibaf returned to Iran after seeking agreement on the release of around $24 billion of frozen Iranian funds as part of the memorandum of understanding, the news report cited Iranian media.West Texas Intermediate crude oil futures dropped 2.9% to $93.70, while Brent crude futures jumped 3.5% to $99.67.While precise timing remains elusive, in the event of an Iran peace agreement, two to four weeks is a reasonable starting point for clearing the Gulf backlog and restoring shipping patterns, Vikas Dwivedi, global energy strategist at Macquarie Group, said in a note."Trust in a durable peace and unencumbered (tolls, mines, harassment) transit will be key in this process," Dwivedi said. "From here, we believe flows could ramp back towards full levels after another 2-4 weeks."In economic news, the Conference Board's measure of consumer confidence fell to 93.1 in May from 93.8 in April, still above the 92.0 expected in a Bloomberg-compiled survey."Consumer confidence edged downward in May as the inflationary impacts of the war in the Middle East intensified," said Dana Peterson, Chief Economist at The Conference Board."Consumer appraisals of current business conditions and the current labor market were moderately less positive compared to last month," Peterson said. "This was somewhat offset by modest improvements in consumers' expectations for business conditions and the labor market six months from now."The Case-Shiller National Home Price Index rose by 0.7% in March, before seasonal adjustments, following a 0.3% increase in February. National home prices were up 0.7% year-over-year, down from 0.8% in February.In precious metals, gold futures slipped 0.3% to $4,506.8, while silver futures jumped 1.4% to $77.28.

Dow JonesNasdaq CompositeS&P 500$MU

US Markets20d ago

Nasdaq, S&P 500 Log New Peaks as Micron Drives Tech Rally

The Nasdaq Composite and the S&P 500 reached new peaks on Tuesday, driven a Micron Technology (MU) led rally in the tech sector, while the Dow Jones Industrial Average retreated from a record high.The Nasdaq rose 1.2% to settle at 26,656.2, while the S&P 500 climbed 0.6% to 7,519.3 -- both notching new record finish. The Dow fell 0.2% to 50,461.7, after closing at a record high in the previous session.Six of the 11 sectors ended in the green, led by tech's 1.7% advance, while energy saw the steepest decline.US markets were closed Monday for the Memorial Day holiday.Micron shares surged 19%, the best performer on the S&P 500, as UBS Securities boosted it price target on the semiconductor manufacturer's stock to $1,625 from $535.Micron's market capitalization crossed the $1 trillion mark for the first time.Micron's valuation should get a further boost from long-term agreements in the memory industry, UBS said Tuesday.On Semiconductor (ON) shares jumped 9%, the second-top gainer on the S&P 500. Western Digital (WDC) shares climbed 8.3%, also among the biggest gainers on the index.Some 95% of S&P 500 companies have reported their quarterly financial results in the latest cycle, with earnings up about 28% from a year earlier and revenue rising 11.1%, Oppenheimer Asset Management said in a note.Ahead of the earnings season, FactSet put expected earnings growth at 12.6% year over year, according to the brokerage."The (first-quarter) earnings season rolled on, with many firms reporting strong results and positive guidance," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said. "Bears, skeptics, and nervous investors have been able to take some profits without (the fear of missing out) within what appears to us a bull market that persists having legs to run further."Costco Wholesale (COST), Marvell Technology (MRVL), Salesforce (CRM), and Dell Technologies (DELL) are slated to report results this week.West Texas Intermediate crude oil was down 3% at $93.72 a barrel in Tuesday late-afternoon trade, while Brent rose 3.6% to $99.63.Iran has a "legitimate" right to respond to any violation of a ceasefire by the US, CNN reported Tuesday, citing Tehran's Islamic Revolutionary Guard Corps. Earlier, the US military targeted Iranian missile launch sites and boats around the crucial Strait of Hormuz in what it described as "self-defense strikes," according to the report.US President Donald Trump said Monday that negotiations with Iran were "proceeding nicely," but encouraged countries including Saudi Arabia and Pakistan to join the Abraham Accords, aimed at normalizing diplomatic ties with Israel."While an extended conflict with Iran remains the largest risk to continued market gains, in our view, markets are positioned for more progress on peace talks and the Strait of Hormuz reopening," D.A. Davidson said in a report Tuesday.US Treasury yields were lower, with the 10-year rate last down 6.6 basis points at 4.5% and the two-year rate losing 7.7 basis points to 4.06%."Investors remain focused on whether energy markets stabilize or whether higher oil prices start feeding back into inflation expectations and bond yields again," Saxo Bank said in a report Tuesday.Elbit Systems' (ESLT) first-quarter results rose year on year, while the company said its order backlog topped $30 billion, lifted by surging demand from Israel's Ministry of Defense amid ongoing regional conflicts. The company's US-listed shares advanced 11%.AutoZone (AZO) shares plummeted 9%, the steepest decline on the S&P 500, after the auto parts retailer's fiscal third-quarter earnings topped market estimates, but revenue fell short.In economic news, US consumer confidence fell in May amid mounting inflation concerns as the Middle East conflict has stretched for about three months now, a survey by the Conference Board showed Tuesday.Separately, US annual home price growth decelerated in March, with more than half of the 20 major markets logging decreases, S&P Global (SPGI) division S&P Dow Jones Indices said Tuesday.Gold was last down 0.3% at $4,508.30 per troy ounce, while silver rose 1.5% $77.35 per ounce.

Dow JonesNasdaq CompositeS&P 500$AZO$COST$CRM$DELL$ESLT$MRVL$MU$ON$SPGI$WDC

Japan20d ago

S&P 500, Nasdaq Rise to Records, Dow Eases as US-Iran Tensions Linger

The S&P 500 and the Nasdaq rose to records, while the Dow eased after Tehran denounced US strikes in southern Iran, eroding prospects for peace talks.* Iran's Islamic Revolutionary Guard Corps said it has a "legitimate" right to respond to any "violation" of the ceasefire after the US military carried out what it called "self-defense strikes" targeting Iranian missile launch sites and boats around the Strait of Hormuz, CNN reported Tuesday.* The Conference Board's measure of consumer confidence fell to 93.1 in May from 93.8 in April, still above the 92.0 expected in a Bloomberg survey.* The Case-Shiller National Home Price Index rose by 0.7% in March, before seasonal adjustments, following a 0.3% increase in February. National home prices climbed 0.7% from a year earlier, compared with an 0.8% gained in February.* July West Texas Intermediate crude oil fell $2.83 to settle at $93.77 per barrel, while July Brent crude, the global benchmark, was last seen up $3.50 at $99.64.* Micron Technology (MU) shares jumped 19%, the biggest gain on the S&P 500 and Nasdaq, after UBS Securities raised its price target on the stock to $1,625 from $535. The company's market cap reached $1 trillion intraday.* AutoZone's (AZO) shares slumped 8.9%, the steepest decline on the S&P, after the company reported mixed fiscal Q3 results with earnings topping estimates and revenue falling short of forecasts.

Dow JonesNasdaq CompositeS&P 500$AZO$MU

Japan20d ago

US Equity Indexes Trade Mixed as Technology Lifts S&P 500, Nasdaq

US equity indexes traded mixed as technology topped sector charts, government bond yields sank, and crude oil futures diverged.The Nasdaq Composite jumped 1.1% to 26,637.2, with the S&P 500 up 0.6% to 7,518.1. Both the gauges hit fresh all-time highs earlier in the session. The Dow Jones Industrial Average, however, fell 0.3% to 50,454.5.Most US Treasury yields fell, with the 10-year down 7.7 basis points to 4.50% and the two-year down eight basis points to 4.05%.Micron Technology's (MU) market capitalization touched $1 trillion for the first time after several bullish analyst reports. The chipmaker's shares soared 22% after midday, the top performer on the S&P 500 and the Nasdaq.Among stocks with a market capitalization of more than $200 billion, nine in the top 10 are semiconductor companies, and the remaining one is a manufacturer of computer hardware, according to data compiled by Finviz.The US is touting progress toward a peace deal with Iran to end the nearly three-month war, even amid fresh hostilities and uncertainty over the vital Strait of Hormuz, Bloomberg reported Tuesday. Security in the crucial energy waterway remained unclear Tuesday after the two sides exchanged strikes overnight, and the US Central Command pushed back reports suggesting the military was helping escort vessels.Iran's top negotiator, Mohammad Baqer Qalibaf, was in Doha for talks with Qatar's prime minister on a potential deal, an official briefed on the visit told Reuters. Qalibaf returned to Iran after seeking agreement on the release of around $24 billion of frozen Iranian funds as part of the memorandum of understanding, the news report cited Iranian media.West Texas Intermediate crude oil futures dropped 2.7% to $93.88, while Brent crude futures jumped 3.6% to $99.72.

Dow JonesNasdaq CompositeS&P 500$MU

US Markets20d ago

Equities Mixed Intraday as Markets Track War Updates

US benchmark equity indexes were mixed intraday as traders monitored the latest developments in the Middle East conflict.The Nasdaq Composite was up 0.8% at 26,566.9 after midday Tuesday, while the S&P 500 rose 0.4% to 7,505.5. The Dow Jones Industrial Average fell 0.4% to 50,392.7 after closing at a record high in the previous session.Among sectors, technology paced the gainers intraday Tuesday, while energy saw the steepest decline.US markets were closed Monday for the Memorial Day holiday.West Texas Intermediate crude oil was down 2.7% at $93.97 a barrel intraday Tuesday, while Brent rose 3.9% to $99.85.Iran has a "legitimate" right to respond to any violation of a ceasefire by the US, CNN reported Tuesday, citing Tehran's Islamic Revolutionary Guard Corps. Earlier, the US military targeted Iranian missile launch sites and boats around the crucial Strait of Hormuz in what it described as "self-defense strikes," according to the report.US President Donald Trump said Monday that negotiations with Iran were "proceeding nicely," but encouraged countries including Saudi Arabia and Pakistan to join the Abraham Accords, aimed at normalizing diplomatic ties with Israel.US Treasury yields were lower intraday Tuesday, with the 10-year rate down 6.4 basis points at 4.51% and the two-year rate losing 5.9 basis points to 4.07%.In company news, Micron Technology (MU) shares surged nearly 19%, the best performer on the S&P 500, as UBS Securities boosted it price target on the semiconductor manufacturer's stock to $1,625 from $535."Our supply chain work on long-term agreements across the memory industry suggests that up to 30% of (double data rate) volumes industry-wide will be soon locked in at pricing that is just slightly below current levels, and these agreements will allow (Micron) to trade some near-term revenue for demand visibility and a smoother earnings profile," UBS said in a note to clients.Western Digital (WDC) shares jumped 9.2%, the second-top gainer on the S&P 500, followed by On Semiconductor (ON), up 9%.Elbit Systems' (ESLT) first-quarter results rose year on year, while the company said its order backlog topped $30 billion, lifted by surging demand from Israel's Ministry of Defense amid ongoing regional conflicts. The company's US-listed shares were up 7.5% intraday.AutoZone (AZO) shares plummeted 9.8%, the steepest decline on the S&P 500, after the auto parts retailer's fiscal third-quarter earnings topped market estimates, but revenue fell short.Some 95% of S&P 500 companies have reported their quarterly financial results in the latest cycle, with earnings up about 28% from a year earlier and revenue rising 11.1%, Oppenheimer Asset Management said in a note.Ahead of the earnings season, FactSet put expected earnings growth at 12.6% year over year, according to the brokerage."The (first-quarter) earnings season rolled on, with many firms reporting strong results and positive guidance," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said. "Bears, skeptics, and nervous investors have been able to take some profits without (the fear of missing out) within what appears to us a bull market that persists having legs to run further."Costco Wholesale (COST), Marvell Technology (MRVL), Salesforce (CRM), and Dell Technologies (DELL) are some of the major companies slated to report results this week.Gold was down 0.4% at $4,506.70 per troy ounce, while silver rose 0.6% $76.63 per ounce.

Dow JonesNasdaq CompositeS&P 500$AZO$COST$CRM$DELL$ESLT$MRVL$MU$ON$WDC

Asia Markets20d ago

Technology Helps S&P 500, Nasdaq Break Records; Micron Technology Touches $1 Trillion in Market Capitalization

US equity indexes traded mixed, with the S&P 500 and the Nasdaq hitting new all-time highs as technology topped charts and government bond yields slid sharply lower.Crude oil futures were mixed after midday Tuesday as efforts continued to end the war against Iran.The Nasdaq Composite jumped 0.9% to 26,572.8, with the S&P 500 up 0.5% to 7,511.2, kicking off the holiday-shortened week on a strong note. Both the Nasdaq and the S&P 500 hit fresh all-time highs earlier in the session. The Dow Jones Industrial Average, however, fell 0.3% to 50,423.4.Industrials and materials were among the top three gainers intraday. Energy and consumer staples led the decliners.Micron Technology's (MU) market capitalization touched $1 trillion for the first time after several bullish analyst reports. Shares traded about 18% higher after midday, making them the top performers on the S&P 500 and the Nasdaq.Among stocks with a market capitalization of more than $200 billion, eight in the top 10 are semiconductor companies, and the remaining two are manufacturers of computer hardware, according to data compiled by Finviz.Iran's Islamic Revolutionary Guard Corps said it has a "legitimate" right to respond to any "violation" of the ceasefire after the US military carried out what it called "self-defense strikes" targeting Iranian missile launch sites and boats around the Strait of Hormuz, CNN reported Tuesday.The strikes came hours after Iranian negotiators met with Qatari mediators in Doha for talks in coordination with the US, the news report said. The US and Iran are working toward a memorandum of understanding, but disputes over language concerning Iran's nuclear program and sanctions have held up a deal, the news report added.US Treasury yields fell, with the 10-year down 6.8 basis points to 4.5% and the two-year lower by 5.9 basis points to 4.07%.West Texas Intermediate crude oil futures dropped 2.7% to $93.97, while Brent crude futures jumped 3.7% to $99.85.In economic news, the Conference Board's measure of consumer confidence fell to 93.1 in May from 93.8 in April, still above the 92.0 expected in a Bloomberg-compiled survey."Consumer confidence edged downward in May as the inflationary impacts of the war in the Middle East intensified," said Dana Peterson, chief economist at The Conference Board."Consumer appraisals of current business conditions and the current labor market were moderately less positive compared to last month," Peterson said. "This was somewhat offset by modest improvements in consumers' expectations for business conditions and the labor market six months from now."The Dallas Fed's monthly manufacturing index rebounded to 0.4 in May from minus 2.3 in April, compared with expectations for a smaller increase to 0.0.The Case-Shiller National Home Price Index rose by 0.7% in March, before seasonal adjustments, following a 0.3% increase in February. National home prices were up 0.7% year-over-year, down from 0.8% in February.Further in company news, AutoZone (AZO) reported mixed fiscal Q3 results on Tuesday, with earnings topping market estimates and revenue falling short. Shares sank 12%, the worst performer on the S&P 500.In precious metals, gold futures slipped 0.2% to $4,509.5, while silver futures climbed 0.4% to $76.52.

Dow JonesNasdaq CompositeS&P 500$AZO$MU

Asia Markets20d ago

Exchange-Traded Funds Rise, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) gained 1.4%.US equity indexes were mixed after midday Tuesday, with technology leading sector charts amid declining government bond yields and mixed crude oil futures, while efforts continued to end the war against Iran.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each lost about 1.5%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was 2.2% higher; iShares US Technology ETF (IYW) added 1.9%, and iShares Expanded Tech Sector ETF (IGM) was up 2%.The State Street SPDR S&P Semiconductor (XSD) gained 4%, and iShares Semiconductor (SOXX) was up 4.9%.FinancialThe State Street Financial Select Sector SPDR (XLF) fell 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.4%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed up 0.3%.CommoditiesCrude oil fell 2.6%, and the United States Oil Fund (USO) slipped 2.1%. Natural gas rose 1%, and the United States Natural Gas Fund (UNG) was up 1%.Gold on Comex dipped 0.4%, and the State Street SPDR Gold Shares (GLD) shed 0.1%. Silver rose 0.4%, and iShares Silver Trust (SLV) added 0.7%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) eased 1.2%. The Vanguard Consumer Staples ETF (VDC) lost 1.3%, and iShares Dow Jones US Consumer Goods (IYK) was down 1.2%.The State Street Consumer Discretionary Select Sector SPDR (XLY) shed 0.2%. VanEck Retail ETF (RTH) fell 1.5%, and the State Street SPDR S&P Retail (XRT) rose 0.1%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) eased 0.6%, iShares US Healthcare (IYH) fell 0.4%, and Vanguard Health Care ETF (VHT) was down 0.4%. IShares Biotechnology ETF (IBB) rose 0.4%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) added 1.2%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) fell 1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 0.8%, ProShares Ether ETF (EETH) was up 0.5%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 1.2% higher.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

Japan20d ago

US Equity Indexes Mixed as Investors Pile Into Technology

US equity indexes traded mixed, with technology leading sector charts amid declining government bond yields and mixed crude oil futures, while efforts continued to end the war against Iran.The Nasdaq Composite rose 0.9% to 26,585.2, with the S&P 500 up 0.5% to 7,512.1 after midday Tuesday. The Dow Jones Industrial Average fell 0.3% to 50,446.3. Both the Nasdaq and the S&P 500 hit fresh all-time highs earlier in the session.Micron Technology's (MU) market capitalization touched $1 trillion for the first time after several bullish analyst reports. Shares traded 16% higher after midday, making them the top performers on the S&P 500 and the Nasdaq.While peace talks between Iran and the US are underway with help from countries such as Qatar and Pakistan, the US on Monday launched defensive attacks on what it said were missile-launching sites in Iran. The strikes come as the warring countries continue negotiations to end the three-month war and reopen the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.US Treasury yields fell, with the 10-year down 6.8 basis points to 4.5% and the two-year lower by 5.9 basis points to 4.07%.West Texas Intermediate crude oil futures dropped 2.3% to $94.35, while Brent crude futures jumped 4.3% to $100.45.

Dow JonesNasdaq CompositeS&P 500$MU

Commodities20d ago

Exchange-Traded Funds, Equity Futures Rise Pre-Bell Tuesday Amid Renewed Hopes Around Middle East Peace Deal

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.7% and the actively traded Invesco QQQ Trust (QQQ) was 1% higher in Tuesday's premarket activity amid renewed hopes of peace between the US and Iran after President Trump said talks are "proceeding nicely."US stock futures were higher, with S&P 500 Index futures up 0.7%, Dow Jones Industrial Average futures advancing 0.6%, and Nasdaq futures gaining 1% before the start of regular trading.The Chicago Federal Reserve Bank's monthly National Activity Index rebounded to a reading of 0.14 in April from minus 0.15 in March, compared with expectations for a smaller gain to minus 0.03 in survey of analysts compiled by Bloomberg as of 7:30 am ET.The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index declined to minus 23.6 in May from minus 16.5 in the previous month, compared with the expectations for an increase to minus 13 in a survey compiled by Bloomberg, indicating more widespread contraction in the sector.The Case-Shiller National Home Price index rose by 0.7% in March before seasonal adjustment following a 0.3% increase in February.Consumer confidence data for May is due at 10 am ET.The Dallas Fed's manufacturing reading for May will be released at 10:30 am ET.In premarket activity, bitcoin was down by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.8% higher, Ether ETF (EETH) advanced 2.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 0.4%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.7%, while the Vanguard Industrials Index Fund (VIS) lost 0.03%, and the iShares US Industrials ETF (IYJ) was flat.Elbit Systems (ESLT) stock was up more than 10% before the opening bell after the company reported higher Q1 non-GAAP earnings and revenue.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.1% lower.FinVolution (FINV) shares were up more than 5% pre-bell after the company reported higher-than-expected Q1 adjusted earnings and net revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained by 0.02%. The iShares US Consumer Staples ETF (IYK) was down 0.6%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increased by 0.6%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.3% higher.Ferrari (RACE) shares were down more than 3% pre-bell a day after the company said it has launched a new all-electric Luce sports car, expanding its lineup with a dedicated electric platform.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) increased by 1.5%, and the iShares US Technology ETF (IYW) was 1.2% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained by 4.1%, while the iShares Semiconductor ETF (SOXX) rose by 2.8%.WeRide (WRD) shares were up more than 1% in premarket activity after the company said it will operate its autonomous Robobus at the Roland-Garros for a third consecutive year with Renault Group.EnergyThe iShares US Energy ETF (IYE) was flat, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 1.2%.Eni (E) stock was down more than 2% before the opening bell a day after falling 1.4% at the prior close. The company and its partners, Petroci and Vitol, approved the final investment decision for Cote d'Ivoire's Baleine Phase 3 project, advancing development of the country's largest hydrocarbon discovery.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.4%, the Vanguard Health Care Index Fund (VHT) was up 0.6%, while the iShares US Healthcare ETF (IYH) gained by 0.9%. The iShares Biotechnology ETF (IBB) was 0.4% higher.Eli Lilly (LLY) stock was up more than 1% premarket after the company said it agreed to acquire Curevo, LimmaTech Biologics and Vaccine in deals worth up to nearly $3.83 billion in total.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 1.2% to $97.49 per barrel on the New York Mercantile Exchange. Natural gas was down 1.2% at $2.98 per 1 million British Thermal Units. The United States Oil Fund (USO) retreated by 0.7%, while the United States Natural Gas Fund (UNG) was 0.9% lower.Gold futures for July retreated by 0.5% to $4,521.20 an ounce on the Comex. Silver futures declined by 0.8% to $76.09 an ounce. SPDR Gold Shares (GLD) was down by 0.4%, and the iShares Silver Trust (SLV) fell by 1.3%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$E$EEM$EETH$ESLT$EXI$FAS$FAZ$FINV$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LLY$PMR$QQQ$RACE$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$WRD$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Asia Markets20d ago

Progress on Potential Middle East Peace Agreement Drives US Equity Futures Higher Pre-Bell

US equity futures were edging higher pre-bell Tuesday as traders monitored the US-Iran situation for a potential peace agreement to end the Middle East war.Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.7%, and Nasdaq futures were 1.1% higher.US Secretary of State Marco Rubio said that negotiations could "take a few days." Both sides said they have made progress on a potential memorandum of understanding that would end the war and provide 60 days for negotiators to reach a final deal.The framework of the memorandum is focused on halting the war and the US naval blockade in exchange for Iran ensuring safe transit in the Strait of Hormuz, according to Iranian foreign ministry spokesperson Esmaeil Baghaei.Traders observed the latest round of earnings, with AutoZone (AZO) reporting an increase in fiscal Q3 net income and net sales.Oil prices were mixed, with front-month global benchmark North Sea Brent crude up 3% at $96.22 per barrel and US West Texas Intermediate crude 3.9% lower at $92.84 per barrel.The Chicago Federal Reserve Bank's monthly National Activity Index rebounded to a reading of 0.14 in April from negative 0.15 in March, compared with expectations for a smaller gain to negative 0.03 in survey of analysts compiled by Bloomberg as of 7:30 am ET.The March S&P Case-Shiller home price index is scheduled for release at 9 am ET. The May consumer confidence index, due at 10 am ET, is projected to fall to 92.0 from 92.8.In other world markets, Japan's Nikkei closed 0.3% lower, Hong Kong's Hang Seng ended flat, and China's Shanghai Composite finished 0.2% lower. Meanwhile, the UK's FTSE 100 was up 0.5% and Germany's DAX index was 0.4% lower in Europe's early afternoon session.In equities, Eli Lilly (LLY) shares were up 1.2% after the company said its experimental gene-editing therapy, VERVE-102, reduced LDL cholesterol and PCSK9 protein levels in a phase 1 study involving adults with heterozygous familial hypercholesterolemia or premature coronary artery disease. BHP Group (BHP) stock was 1.4% higher after a Guardian report that the company scrapped plans for an iron ore processing facility near its Jimblebar mine in Western Australia that was expected to improve ore quality and lower emissions.On the losing side, energy majors ExxonMobil (XOM), Chevron (CVX), and Occidental Petroleum (OXY) saw their shares decline after oil prices fell below $100 for the first time in weeks. ExxonMobil shares were down 1.1%, Chevron stock was 1.2% lower, and Occidental Petroleum shares also fell 1.2%.

Dow JonesNasdaq CompositeS&P 500$AZO$BHP$CVX$LLY$OXY$XOM

Japan20d ago

Progress on Potential Middle East Peace Deal Drives US Equity Futures Higher Pre-Bell

Dow JonesNasdaq CompositeS&P 500$AZO

US Markets20d ago

Stocks Rise Pre-Bell as Investors Monitor Latest Middle East Developments, Await Key Economic Data

The benchmark US stock measures were pointing higher before the opening bell Tuesday as traders assess the latest developments in the Middle East and await key economic data later in the week.The S&P 500 rose 0.6%, the Dow Jones Industrial Average gained 0.5% and the Nasdaq added nearly 1% in premarket activity. The indexes finished Friday trading in the green, with the Dow hitting a new record high.US markets were closed on Monday for the Memorial Day holiday.The US military said it carried out strikes in southern Iran on Monday, targeting missile launch locations and vessels allegedly trying to deploy mines, CNBC reported. The US Central Command said the strikes were intended "to protect our troops from threats posed by Iranian forces," the report added.Iran's Islamic Revolutionary Guard Corps reportedly said Tuesday it would retaliate against violations of the ongoing ceasefire.The incident occurred after President Donald Trump said in a social media post on Monday that negotiations with Iran were "proceeding nicely." In a separate post, Trump said that Iran's enriched uranium "will either be immediately turned over to the US" or be destroyed in place or at another "acceptable location."Tehran's semi-official Tasnim news agency reportedly described recent discussions with the US as "overall good," but said that a memorandum of understanding between the two countries would be subject to the release of $24 billion in frozen Iranian funds.West Texas Intermediate crude oil declined 4.4% to $92.31 a barrel before the open, while Brent fell 4.7% to $95.6.The personal income and outlays report for April is scheduled to be released on Thursday. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric. The second estimate report of the first-quarter gross domestic product is also due on Thursday.Treasury yields fell in premarket action, with the two-year rate retreating 6.5 basis points to 4.06% and the 10-year rate declining 7.6 basis points to 4.5%.Tuesday's economic calendar has the Chicago Fed national activity index for last month at 8:30 am ET, followed by the Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for March at 9 am. The consumer confidence report for May is out at 10 am, followed by the Dallas Fed manufacturing survey for the same month at 10:30 am.Costco Wholesale (COST), Marvell Technology (MRVL), Salesforce (CRM) and Dell Technologies (DELL) are some of the major companies slated to release their latest financial results this week.AutoZone (AZO) posts earnings before the bell, among others, while Zscaler (ZS) is expected to announce its results after the markets close.Gold edged up 0.2% to $4,531 per troy ounce, while bitcoin slipped 0.3% to $77,121.

Dow JonesNasdaq CompositeS&P 500$AZO$COST$CRM$DELL$MRVL$ZS

International20d ago

Wall Street Futures Advance Premarket Tuesday on Mid East Peace Talks Optimism

Wall Street futures were advancing before the market open Tuesday, with investors maintaining optimism over Middle East peace talks despite recent US strikes on Iran.In the futures, the S&P 500 was 0.7% higher, the Nasdaq was up 1.1%, and the Dow Jones rose by 0.5%.Asian markets were mostly lower at closing, while European bourses were mostly lower around midday.Early movers include Elbit Systems (ESLT), which was up more than 8% after reporting higher Q1 non-GAAP earnings and revenue. Pony AI (PONY) shares rose past 9% after posting Q1 results that beat market expectations.AutoZone (AZO) and Coca-Cola Europacific Partners (CCEP) are scheduled to release their quarterly results on Tuesday.On the economic calendar is the Consumer Confidence report at 10:00 am ET. The Case-Shiller Home Price Index is due at 9:00 am ET.In pre-market action, bitcoin traded at $76,573.03, West Texas Intermediate crude oil traded 5.1% lower at $91.72, and 10-year US Treasuries offered 4.49%. Spot gold traded for $4,535.16 an ounce.

Dow JonesNasdaq CompositeS&P 500

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