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Japan

US Equity Futures Rise Pre-Bell on Higher Optimism for Middle East Peace Deal

US equity futures were higher pre-bell Friday as traders anticipated a peace deal between the US and Iran finally being completed and the Strait of Hormuz reopened.Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.5% higher.The draft version of the memorandum of understanding includes a commitment from the US to lift oil sanctions and a pledge from Iran to reopen the Strait of Hormuz, according to a CNBC report citing Iranian state media. The two nations could sign the agreement as early as next week, Bloomberg reported, citing senior officials.President Donald Trump said in a post on Truth Social that he had cancelled planned strikes on Iran, as talks with Iranian leadership had resulted in final points being "approved by all parties involved."Traders took note of the latest round of earnings, with Adobe (ADBE) reporting higher fiscal Q2 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3.4% at $87.32 per barrel and US West Texas Intermediate crude 3.4% lower at $84.72 per barrel.The University of Michigan consumer sentiment index for June, slated for 10 am ET, is expected at 46.0, up from 44.8 previously.

Dow JonesNasdaq CompositeS&P 500$ADBE
Stocks Rise Pre-Bell Amid Media Reports of US-Iran Peace Deal Progress
US Markets

Stocks Rise Pre-Bell Amid Media Reports of US-Iran Peace Deal Progress

The benchmark US stock measures were pointing higher before the open Friday amid media reports that the US and Iran are nearing a peace deal, while investors prepare for SpaceX's (SPCX) market debut.The S&P 500 rose 0.4%, the Dow Jones Industrial Average increased 0.6% and the Nasdaq added 0.2% in premarket activity. All three indexes finished the previous trading session with their biggest one-day percentage gains since April 8.The US and Iran are nearing a tentative peace deal, with a potential signing possibly coming as soon as Sunday, Bloomberg News reported, citing people familiar with the matter. Iranian state media reported a draft of the deal included a commitment from Washington to lift oil sanctions on Tehran, while Iran would agree to reopen the Strait of Hormuz within 30 days, according to CNBC.In a social media post on Thursday, President Donald Trump said he cancelled scheduled strikes and bombings against Iran after talks with Tehran were brought to the "highest level" of Iranian leadership and "approved.""Discussions and final points have been, in both concept and great detail, approved by all parties involved, including the US, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others," according to Trump. "The naval blockade will remain in full force and effect until this transaction is finalized."West Texas Intermediate crude oil dropped 3.2% to $84.95 a barrel before the opening bell, while Brent declined 3.1% to $87.62.The Organization of the Petroleum Exporting Countries lowered its global oil demand growth forecast for this year, but raised its expectations for 2027.Space Exploration Technologies, widely known as SpaceX, on Thursday priced its initial public offering at about $135 per share for 555.6 million Class A shares, raising gross proceeds of nearly $75 billion.The company is scheduled to begin trading Friday.US producer prices rose more than projected in May, matching the previous month's pace, while the annual increase reached the highest since late 2022 amid surging energy costs, government data showed Thursday. Earlier in the week, consumer price data showed inflation accelerating to the fastest pace in about three years last month.Treasury yields were down in premarket action, with the two-year rate retreating 1.2 basis points to 4.06%, while the 10-year rate was off 0.8 basis points to 4.46%.Friday's economic calendar also has the preliminary University of Michigan consumer sentiment report for June at 10 am ET, while the weekly Baker Hughes oil-and-gas rig count is out at 1 pm.Shares of Adobe (ADBE) fell 6.4% pre-bell after the software maker reported its latest quarterly results and announced the departure of its Chief Financial Officer Dan Durn. Lennar (LEN) decreased 2.4% as the homebuilder issued a downbeat fiscal third-quarter home delivery outlook.Gold advanced 3% to $4,236 per troy ounce, while bitcoin was slightly in the green at $63,620.

Dow JonesNasdaq CompositeS&P 500$ADBE$LEN$SPCX$TSLA
International

Persian Gulf, Oil, SpaceX Lift Wall Street Pre-Bell; Asia Europe Up

Wall Street futures pointed moderately higher pre-bell Friday, as traders weighed easing oil prices, a possible Persian Gulf peace deal, and the pending SpaceX (SPCX) initial public offering (IPO).In the futures, the S&P 500 rose 0.4%, the Nasdaq advanced 0.3%, and the Dow Jones was up 0.5%.West Texas Intermediate crude oil traded lower at $85.05 a barrel in the futures, after topping $93 on Thursday.Elon Musk's SpaceX is slated to start trading on the Nasdaq at the opening bell, with IPO shares priced at $135 each. The IPO plans to raise $75 billion, resulting in a $1.77 trillion market cap for the enterprise, which operates spacecraft and the Starlink satellite system.Asian exchanges traded sharply higher overnight in tech-led rallies, while European bourses tracked solidly north at midday.On the economic calendar is the University of Michigan consumer sentiment report for June at 10 m ET, followed by the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm.In pre-market action, Bitcoin traded at $63,580, and 10-year US Treasuries offered 4.45%. Spot gold commanded $4,215 an ounce.

Dow JonesNasdaq CompositeS&P 500$SPCX
Asia Markets

Update: US Equity Indexes Jump, Crude Oil Sinks as Trump Hopeful of Signing Iran Peace Deal This Weekend

(Updates with index and price moves as well as other information influencing markets from the first paragraph.)US equity indexes surged while crude oil slumped with government bond yields on Thursday after President Donald Trump canceled planned attacks on Iran and said a peace deal could be signed with Tehran this weekend.The Dow Jones Industrial Average rose 1.9% to 50,848.75, the Nasdaq Composite jumped 2.5% to 25,809.66, and the S&P 500 advanced 1.8% to 7,394.30 at the close. All sectors except energy, consumer staples, and real estate advanced. Industrials, materials, technology, and consumer discretionary led the gainers.In a social media post, Trump said he is canceling the attacks planned for Iran on Thursday."Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening," Trump said in the post.A deal could be signed as soon as this weekend, possibly in Europe, Al Jazeera reported, citing Trump. The Strait of Hormuz will reopen as soon as the pact is signed, the news reported cited the US president as saying.However, Iranian officials haven't confirmed progress on the deal, and the Islamic Revolutionary Guards cast doubt on an earlier statement about the potential agreement, CNN reported. Iran has yet to comment on Trump's latest remarks or the claim that a deal has been agreed, Al Jazeera reported.Nevertheless, the front-month global benchmark North Sea Brent crude futures sank 4.6% to $88.86 per barrel, and the US West Texas Intermediate crude futures slumped 4.2% to $86.27 per barrel.US Treasury yields declined, with the 10-year down 8.3 basis points to 4.45% and the two-year lower by 7.1 basis points to 4.06%.In precious metals, gold futures jumped 2.4% to $4,232.1, and silver futures surged 4.1% to $67.40.In economic news, the core Producer Price Index, which excludes the more volatile food and energy prices, grew 0.4% in May, slower than the 0.5% gain expected in a Bloomberg-compiled poll and a 0.7% rise in April. Core PPI remained at 4.9% year-over-year but below the 5.4% consensus.Headline producer prices rose by 1.1% in May, the same as in April but above the forecast for a 0.7% gain. PPI jumped 6.5% year-over-year, the strongest pace since November 2022, from 5.7% in the previous month. Energy prices surged almost 11% in May following a 7.5% jump in April, according to a Stifel note."This is a Fed that has been willing to tolerate above-target inflation for years, so any notion of a temporary, or bringing back a favorite word, 'transitory' impact from higher energy prices will not be enough to force the Fed's hand," Stifel Chief Economist Lindsey Piegza said in the note.Initial jobless claims rose to 229,000 during the week ended June 6 from 225,000 in the prior week and above the 220,000 expected."It is more likely than not that this [claims data] is just seasonal noise," Jefferies Chief US Economist Thomas Simons said in a note.In company news, Space Exploration Technologies (SPCX) is pricing its initial public offering of about 555.6 million Class A shares at $135 each, the company said Thursday. Shares are expected to begin trading on the Nasdaq Global Select Market and Nasdaq Texas on Friday under the symbol "SPCX".

Dow JonesNasdaq CompositeS&P 500$SPCX
Update: Wall Street Logs Best Day in 2 Months as Trump Sparks Hope For Iran Deal
US Markets

Update: Wall Street Logs Best Day in 2 Months as Trump Sparks Hope For Iran Deal

(Updates with market moves at the end of the day and any new developments.)US equities rallied Thursday, pushing major indexes to their best day in more than two months, while oil prices tumbled after President Donald Trump signaled a breakthrough in talks with Iran to end the war.The Nasdaq closed 2.5% higher at 25,809.7, while the Dow Jones Industrial Average advanced 1.9% to 50,848.8. The S&P 500 climbed 1.8% to 7,394.3. All three indexes notched their biggest one-day percentage gains since April 8. Most sectors were in the green, led by materials and industrials, while energy saw the biggest drop.West Texas Intermediate crude oil was down 4% at $86.39 a barrel in Thursday late-afternoon trade, while Brent fell 4.4% to $89.03.Trump said on Thursday that the US "just made a great settlement of the war with Iran," subject to the "finalization of documents," CNBC reported.A deal is expected to be signed "over the next few days," he reportedly said.Earlier in the day, Trump canceled scheduled strikes against Iran following increased hostilities, including US strikes in response to Tehran shooting down an American Apache helicopter.The Organization of the Petroleum Exporting Countries lowered its global oil demand growth forecast for this year, but raised its expectations for 2027.US Treasury yields tumbled, with the 10-year rate last down nine basis points at 4.47% and the two-year rate falling 9.8 basis points to 4.06%.In economic news, US producer prices rose more than projected in May, matching the previous month's pace, while the annual increase reached the highest since late 2022 amid surging energy costs, government data showed.On Wednesday, consumer price data showed inflation accelerating to the fastest pace in about three years last month, reinforcing expectations that the Federal Reserve will keep interest rates on hold for some time."A fresh multiyear high in consumer and producer prices underscores the pain befallen on consumers resulting from disruptions in the global energy market," Stifel said in a note. "For the Fed, dangerously high levels of inflation suggest additional accommodation is off the table, at least for now."In company news, Eaton (ETN) will combine its mobility business with auto parts supplier Dana (DAN), creating a global powertrain entity valued at more than $10 billion. Eaton shares advanced 4.8%, while Dana slumped 15%.Oracle (ORCL) shares slumped 8.5%, the second-worst performer on the S&P 500. Late Wednesday, the cloud computing company's fiscal fourth-quarter results surpassed Wall Street's estimates, driven by rising demand for cloud infrastructure amid an artificial intelligence boom.UBS Securities said Thursday the sell-off in Oracle's shares could be due in part to its higher-than-expected capital expenditure outlook for the year.Gold was up 0.9% at $4,169.10 per troy ounce, while silver rose 1.9% to $66 per ounce.

Dow JonesNasdaq CompositeS&P 500$DAN$ETN$ORCL
International

US Equity Markets End Higher After Lower-Than-Expected Core Producer Price Inflation, US-Iran Agreement Progress

US equity indexes were higher on Wednesday after core producer price inflation grew less than forecast, and President Donald Trump said the US and Iran are about to sign a peace agreement following threats of bombing Iran in the evening.* Core producer price index, which excludes the more volatile food and energy prices, increased by 0.4% in May, slower than the 0.5% gain expected in a Bloomberg-compiled poll.* President Trump said in a Truth Social Post, "Discussions and final points have been, in both concept and great detail, approved by all parties involved, including the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others."* July West Texas Intermediate crude oil fell $3.76 to settle at $86.27 per barrel, while August Brent crude, the global benchmark, was last seen down $4.24 at $88.86.* Applied Materials (AMAT) shares were up roughly 11%, among the top gainers on the Nasdaq and S&P 500, after the company expanded manufacturing and research & development operations in Singapore with a $500 million facility in Tampines to support AI-driven semiconductor demand.* Oracle (ORCL) shares were down about 8.5%, the worst performer on the S&P 500, after the company said it plans to raise about $40 billion via debt and equity issuances in fiscal 2027, including its previously announced $20 billion stock sale.

Dow JonesNasdaq CompositeS&P 500$AMAT$ORCL
Japan

Update: US Equity Indexes Jump After Trump Cancels Further Strikes on Iran

(Updates with index and price moves and cancellation of planned attacks on Iran from the first paragraph.)US equity indexes shot up after President Donald Trump canceled planned attacks on Iran and as core producer price inflation grew less than forecast.The Dow Jones Industrial Average jumped 1.8% to 50,814.5, the Nasdaq Composite surged 2.2% to 25,718.8, and the S&P 500 advanced 1.6% to 7,386.6 ahead of Thursday's close.In a social media post, Trump said he is canceling the attacks planned for Iran on Thursday."Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening," Trump said in the post.Crude oil futures fell, with front-month global benchmark North Sea Brent down 4% to $89.42 per barrel and US West Texas Intermediate lower by 3.5% to $86.90 per barrel.The core Producer Price Index, which excludes the more volatile food and energy prices, grew 0.4% in May, slower than the 0.5% gain expected in a Bloomberg-compiled poll and a 0.7% rise in April. Core PPI remained at 4.9% year-over-year but below the 5.4% consensus.Headline producer prices rose by 1.1% in May, the same as in April but above the forecast for a 0.7% gain. PPI jumped 6.5% year-over-year, the strongest pace since November 2022, from 5.7% in the previous month. Energy prices surged almost 11% in May following a 7.5% jump in April, according to a Stifel note."This is a Fed that has been willing to tolerate above-target inflation for years, so any notion of a temporary, or bringing back a favorite word, 'transitory' impact from higher energy prices will not be enough to force the Fed's hand," Stifel Chief Economist Lindsey Piegza said in the note.

Dow JonesNasdaq CompositeS&P 500
Update: Equities Rise Intraday, Oil Drops as Trump Cancels Iran Strikes
US Markets

Update: Equities Rise Intraday, Oil Drops as Trump Cancels Iran Strikes

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, while oil prices fell as President Donald Trump called off the latest round of strikes against Iran.The Dow Jones Industrial Average was up 1.5% at 50,687.4 after midday Thursday, while the Nasdaq Composite rose 1.6% to 25,563.4. The S&P 500 increased 1.2% to 7,352.8. Barring energy and communication services, all sectors were in the green, led by industrials.West Texas Intermediate crude oil was down 3.5% at $86.91 a barrel, while Brent fell 3.9% to $89.52.Trump said he has cancelled the strikes and bombings against Iran that were scheduled for later in the day."Discussions and final points have been, in both concept and great detail, approved by all parties involved," Trump said in a social media post. "The naval blockade will remain in full force and effect until this transaction is finalized -- time and place of the signing to be announced shortly."US forces launched airstrikes against Iran Tuesday after Tehran shot down an American Apache helicopter. The US fired additional missiles Wednesday.Iran's strait authority said earlier in the day that the Strait of Hormuz will be closed "until further notice" following an exchange of fire with the US, CNN reported Thursday.The Organization of the Petroleum Exporting Countries lowered its global oil demand growth forecast for this year, but raised its expectations for 2027.US Treasury yields were lower intraday, with the 10-year rate down 6.5 basis points at 4.48% and the two-year rate falling five basis points to 4.08%.In economic news, US producer prices rose more than projected in May, matching the previous month's pace, while the annual increase reached the highest since late 2022 amid surging energy costs, government data showed.On Wednesday, consumer price data showed inflation accelerating to the fastest pace in about three years last month, reinforcing expectations that the Federal Reserve will keep interest rates on hold."A fresh multiyear high in consumer and producer prices underscores the pain befallen on consumers resulting from disruptions in the global energy market," Stifel said in a note. "For the Fed, dangerously high levels of inflation suggest additional accommodation is off the table, at least for now."In company news, Eaton (ETN) will combine its mobility business with auto parts supplier Dana (DAN), creating a global powertrain entity valued at more than $10 billion. Eaton shares were up 4.6% intraday, while Dana slumped 15%.Oracle (ORCL) shares were down nearly 12%, the worst performer on the S&P 500. Late Wednesday, the cloud computing company's fiscal fourth-quarter results surpassed Wall Street's estimates, driven by rising demand for cloud infrastructure amid an artificial intelligence boom.UBS Securities said Thursday the sell-off in Oracle's shares could be due in part to its higher-than-expected capital expenditure outlook for the year.Adobe (ADBE), Lennar (LEN) and RH (RH) are expected to report results after the closing bell Thursday, along with others.Gold was up 0.9% at $4,169.10 per troy ounce, while silver rose 1.9% to $66 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADBE$DAN$ETN$LEN$ORCL$RH
Asia Markets

Update: US Equity Indexes Advance Following Slower-Than-Expected Growth in Core Producer Price Inflation

(Updates with new information from the first paragraph.)US equity indexes rose as bets for an interest-rate increase this year were little changed after core producer price inflation grew less than forecast, helping offset the impact of President Donald Trump's threats of more attacks on Iran.The Dow Jones Industrial Average rose 0.6% to 50,237.1, followed by a 0.5% gain in the Nasdaq Composite to 25,292.3 and a 0.3% increase in the S&P 500 to 7,287.5 in midday trading on Thursday.All sectors except communication services, financials, and real estate advanced. Industrials and materials led the gainers.The core Producer Price Index, which excludes the more volatile food and energy prices, grew 0.4% in May, slower than the 0.5% gain expected in a Bloomberg-compiled poll and a 0.7% rise in April. Core PPI remained at 4.9% year-over-year but below the 5.4% consensus.Headline producer prices rose by 1.1% in May, the same as in April but above the forecast for a 0.7% gain. PPI jumped 6.5% year-over-year, the strongest pace since November 2022, from 5.7% in the previous month."This is a Fed that has been willing to tolerate above-target inflation for years, so any notion of a temporary, or bringing back a favorite word, 'transitory' impact from higher energy prices will not be enough to force the Fed's hand," Stifel Chief Economist Lindsey Piegza said in a note. "While several members have voiced a willingness to consider a higher policy target, the majority still remain optimistic [that] elevated prices will prove somewhat temporary with inflation potentially cooling later this year."The probability of a 25-basis-point increase in interest rates to a target range of 3.75% to 4% in December remained at 43% from a day ago, according to the CME FedWatch tool. The comparisons for September were 36% versus 34%, and, for October, the data showed an increase to 41% from 39%, implying modest rate-hike probabilities following the producer price inflation data.Initial jobless claims rose to 229,000 during the week ended June 6 from 225,000 in the prior week and above the 220,000 expected."It is more likely than not that this [claims data] is just seasonal noise," Jefferies Chief US Economist Thomas Simons said in a note. "Nonetheless, this data continues to be an important area to watch."Meanwhile, crude oil futures rose, with front-month global benchmark North Sea Brent up 0.8% to $93.87 per barrel and US West Texas Intermediate higher by 1.5% to $91.35 per barrel.The US will hit Iran with an attack "VERY HARD TONIGHT," and it will take control of the Kharg Island sometime in the "not too distant future," President Donald Trump said Thursday on a Truth Social post. The island is reportedly the gateway for a vast majority of Iran's crude oil exports. Iran's Foreign Ministry has condemned the recent US strikes on the country, saying that it has rendered the ceasefire "practically meaningless," the Associated Press reported Thursday.US Treasury yields traded mixed, with the 10-year down one basis point to 4.53% while the two-year rose 1.6 basis points to 4.14%.In company news, BlackRock placed a $5 billion order to buy shares of SpaceX (SPCX), The Wall Street Journal reported. The company is expected to go public on Friday.Oracle (ORCL) shares sank 12%, the worst performer on the S&P 500, after the company said it plans to raise about $40 billion via debt and equity issuances in fiscal 2027, including its previously announced $20 billion stock sale. Wedbush cut its price target for Oracle's shares to $240 from $275, citing the debt raise.Applied Materials (AMAT) shares jumped 6.7%, among the top gainers on the Nasdaq, after the firm expanded manufacturing and research & development operations in Singapore with a $500 million facility in Tampines to support AI-driven semiconductor demand.

Dow JonesNasdaq CompositeS&P 500$AMAT$ORCL$SPCX
Asia Markets

Exchange-Traded Funds Rise as US Equities Advance After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) added 0.9%.US equity indexes rose amid a broad-based rally after core producer price inflation, which excludes the more volatile food and energy prices, grew less than forecast in May.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each fell 0.1%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) climbed up 0.7%; iShares US Technology ETF (IYW) rose 0.5%, and iShares Expanded Tech Sector ETF (IGM) was up 0.4%.The State Street SPDR S&P Semiconductor (XSD) advanced 2.2%, and iShares Semiconductor (SOXX) was 3% higher.FinancialThe State Street Financial Select Sector SPDR (XLF) fell 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.8%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), rose 0.9%.CommoditiesCrude oil gained 1.1%, and the United States Oil Fund (USO) added 0.5%. Natural gas shed 2.7%, and the United States Natural Gas Fund (UNG) was down 2.7%.Gold on Comex slipped 0.8%, and the State Street SPDR Gold Shares (GLD) fell 0.2%. Silver declined 1.2%, and iShares Silver Trust (SLV) was up fractionally.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) fell less than 0.1%. The Vanguard Consumer Staples ETF (VDC) fell 0.1%, and iShares Dow Jones US Consumer Goods (IYK) was down marginally.The State Street Consumer Discretionary Select Sector SPDR (XLY) gained 0.1%. VanEck Retail ETF (RTH) was 0.6% higher, and the State Street SPDR S&P Retail (XRT) added 0.9%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 0.4%, iShares US Healthcare (IYH) added 0.4%, and Vanguard Health Care ETF (VHT) was up 0.5%. IShares Biotechnology ETF (IBB) climbed up 1.9%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) added 1.4%. Vanguard Industrials Index Fund (VIS) gained 1.3%, while iShares US Industrials (IYJ) rose 0.9%.CryptocurrencyIn midday activity, bitcoin (BTC-USD) was up 0.8%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 0.8%, ProShares Ether ETF (EETH) added 0.8%, 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
Japan

Update: US Equity Indexes Rise After Wholsale Inflation Rate Rises Slower Than Forecast

(Updates with new information from the first paragraph.)US equity indexes rose amid a broad-based rally after core producer price inflation, which excludes the more volatile food and energy prices, grew less than forecast in May.The Dow Jones Industrial Average rose 0.7% to 50,276.7, followed by a 0.5% gain in the Nasdaq Composite to 25,317.2 and a 0.4% increase in the S&P 500 to 7,295.3 in midday trading on Thursday.All sectors except communication services, financials, and real estate advanced. Industrials and materials led the gainers.Core producer price index, which excludes the more volatile food and energy prices, increased by 0.4% in May, slower than the 0.5% gain expected in a Bloomberg-compiled poll and following a 0.7% gain in April. Core PPI remained at 4.9% year-over-year but below the 5.4% consensus.Meanwhile, crude oil prices rose, with front-month global benchmark North Sea Brent crude up 0.4% to $93.45 per barrel and US West Texas Intermediate crude higher by 0.9% to $90.82 per barrel.The US will hit Iran with an attack "VERY HARD TONIGHT," and it will take control of the Kharg Island sometime in the "not too distant future," President Donald Trump said Thursday on a Truth Social post. The island is, reportedly, the gateway for a vast majority of Iran's crude oil exports. Iran's Foreign Ministry has condemned the recent US strikes on the country, saying that it has rendered the ceasefire "practically meaningless," the Associated Press reported Thursday.BlackRock placed $5 billion order to buy SpaceX (SPCX) shares, The Wall Street Journal reported. The company is expected to go public on Friday.

Dow JonesNasdaq CompositeS&P 500$SPCX
Asia Markets

Update: US Equity Futures Rise Pre-Bell After US Says Strikes Completed Against Iran

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Thursday as the US said it completed attacks against Iran after another round of "self-defense strikes."Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.7% higher.The strikes, which started after a US Army Apache helicopter was shot down on Wednesday, were conducted at the direction of President Donald Trump, US Central Command said in an X post. Iran responded with attacks on Kuwait and Bahrain, while Israel warned of launches from Lebanon.Trump later told Fox News that he had spoken directly with Iranian officials, who had asked him to stop bombing.Traders watched the latest round of earnings, with Oracle (ORCL) posting higher fiscal Q4 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.5% at $93.52 per barrel and US West Texas Intermediate crude 0.7% higher at $90.66 per barrel.The US Producer Price Index, released at 8:30 am ET, rose by 1.1% in May following a similar increase in April, above the 0.7% gain expected in a survey compiled by Bloomberg. The weekly jobless claims bulletin showed 229,000 new unemployment claims for the week ended June 6, compared with the 225,000 in the prior week and above the 220,000 expected.In other world markets, Japan's Nikkei closed 0.1% higher, Hong Kong's Hang Seng ended 0.7% lower, and China's Shanghai Composite finished 0.2% lower. Meanwhile, the UK's FTSE 100 was up 0.6%, and Germany's DAX index was 0.2% higher in Europe's early afternoon session.In equities, Oracle stock was down 11% after the company said it plans to raise about $40 billion via debt and equity issuances in fiscal 2027, including its previously announced $20 billion stock sale. Alibaba (BABA) and JD.com (JD) shares fell 4.5% and 2.3%, respectively, following media reports of complaints by Chinese regulators over allegedly misleading promotions.On the winning side, Tesla's (TSLA) stock was up 0.9% after Belgian government official Annick De Ridder said that the company's full self-driving technology has been approved in the country. Applied Materials (AMAT) shares rose 4.2% after the company said it has expanded its manufacturing and R&D operations in Singapore with a $500 million facility in Tampines to support AI-driven semiconductor demand. Novartis (NVS) stock was up 2.4% after the company said the phase I/II study of its experimental therapy, del-brax, met both primary and key secondary endpoints in patients with facioscapulohumeral muscular dystrophy.

Dow JonesNasdaq CompositeS&P 500$AMAT$BABA$JD$NVS$ORCL$TSLA
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Amid US Attacks on Iran

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.6% in Thursday's premarket activity, amid US attacks on Iran and ahead of economic data.US stock futures were also higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures advancing 0.5%, and Nasdaq futures gaining 0.8% before the start of regular trading.May's producer price index, a measure of wholesale prices, and the weekly jobless claims bulletin are scheduled to be released at 8:30 am ET.Weekly natural gas stocks post at 10:30 am ET.In premarket action, bitcoin was up by 3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.9% higher, Ether ETF (EETH) advanced 1.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 0.1%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1.4% and the Vanguard Industrials Index Fund (VIS) added 0.3%, while the iShares US Industrials ETF (IYJ) was 0.6% lower.PureCycle Technologies (PCT) stock was down more than 16% before the opening bell after the company priced simultaneous public offerings of debt and equity to generate $395 million in total gross proceeds.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) and the iShares US Technology ETF (IYW) advanced 1.4% each, while the iShares Expanded Tech Sector ETF (IGM) was up 1.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 3.2%, while the iShares Semiconductor ETF (SOXX) rose by 3%.Oracle (ORCL) shares were down more than 10% in premarket activity as the cloud computing company announced plans to raise about $40 billion via debt and equity issuances in fiscal 2027, including its previously announced $20 billion stock sale.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.7% lower.WisdomTree (WT) shares were down more than 5% pre-bell, continuing from a 1.9% fall in the previous session. The company reported higher assets under management and net inflows for May.HealthcareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.1%, the Vanguard Health Care Index Fund (VHT) was down 0.5%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.9% higher.Novartis (NVS) stock was up more than 2% premarket after the company said a phase 1/2 study of its experimental therapy, del-brax, met both primary and key secondary endpoints in patients with facioscapulohumeral muscular dystrophy.EnergyThe iShares US Energy ETF (IYE) advanced 0.02%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1%.BP (BP) stock was up more than 2% before market open a day after the company said its Whiting refinery team held a 63rd formal bargaining meeting with the United Steelworkers Local 7-1 committee to discuss a new labor contract.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated by 0.01%. The iShares US Consumer Staples ETF (IYK) fell by 0.7%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) rose by 0.8%.Tesla (TSLA) shares were up nearly 1% pre-bell after Annick De Ridder, Flemish Minister of Mobility, Public Works, Ports, and Sport, said in an X post that the EV maker's full self-driving technology has been approved in Belgium.CommoditiesFront-month US West Texas Intermediate crude oil rose 0.9% to $90.83 per barrel on the New York Mercantile Exchange. Natural gas was down 1.5% at $3.14 per 1 million British Thermal Units. The United States Oil Fund (USO) rose 0.4%, while the United States Natural Gas Fund (UNG) was 1.2% lower.Gold futures for July retreated by 0.7% to $4,105.70 an ounce on the Comex. Silver futures declined by 1.3% to $63.87 an ounce. SPDR Gold Shares (GLD) was up by 0.04%, and the iShares Silver Trust (SLV) decreased by 0.2%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$BP$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVS$ORCL$PCT$PMR$QQQ$RTH$SLV$SOXX$SPY$TSLA$UNG$USO$VDC$VHT$VIS$WT$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Japan

US Equity Futures Rise Pre-Bell After US Says Strikes Completed Against Iran

US equity futures were higher pre-bell Thursday as the US said it completed attacks against Iran after another round of "self-defense strikes."Dow Jones Industrial Average futures were 0.8% higher, S&P 500 futures were up 0.7%, and Nasdaq futures were 1.2% higher.The strikes, which started after a US Army Apache helicopter was shot down on Wednesday, were conducted at the direction of President Donald Trump, US Central Command said in an X post. Iran responded with attacks on Kuwait and Bahrain, while Israel warned of launches from Lebanon.Trump later told Fox News that he had spoken directly with Iranian officials, who had asked him to stop bombing.Traders watched the latest round of earnings, with Oracle (ORCL) posting higher fiscal Q4 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.4% at $91.78 per barrel and US West Texas Intermediate crude 1.2% lower at $88.92 per barrel.The May Producer Price Index, scheduled for release at 8:30 am ET, is expected to show a 0.7% gain following a 1.4% increase in the preceding month, according to estimates compiled by Bloomberg. The weekly jobless claims bulletin is expected to show 220,000 new unemployment claims for the week ended June 6, down from 225,000 in the prior week.

Dow JonesNasdaq CompositeS&P 500$ORCL
Stocks Rise Pre-Bell as Investors Assess Middle East Tensions, Await PPI Data
US Markets

Stocks Rise Pre-Bell as Investors Assess Middle East Tensions, Await PPI Data

US equity markets were tracking in the green before the opening bell Thursday as traders assess escalating hostilities between the US and Iran and await the latest data on wholesale prices.The S&P 500 rose 0.7%, the Dow Jones Industrial Average increased 0.8% and the Nasdaq gained 1.1% in premarket activity. The indexes finished the previous trading session in the red, with the Nasdaq and the S&P 500 closing at their lowest levels in about five weeks.The US Central Command said Wednesday its forces completed additional "self-defense" strikes against Iranian military surveillance capabilities, communication systems and air defense sites, in response to Tehran's "unwarranted and continued aggression."Iran's strait authority said on Thursday that the Strait of Hormuz will be closed "until further notice" following an exchange of fire with the US, CNN reported.On Wednesday, President Donald Trump said on social media that Iran will have to "pay the price" for taking too long to agree to a peace deal.US forces launched airstrikes against Iran after Tehran shot down an American Apache helicopter earlier in the week. Iran reportedly struck American military bases across Jordan, Kuwait, and Bahrain.West Texas Intermediate crude oil moved down 0.9% to $89.23 a barrel before the open, while Brent decreased 1.1% to $92.08.In a Wednesday post on Truth Social, Trump said the US military executed a "secret mission" last month to support oil tankers and other commercial ships through the Strait of Hormuz. The initiative led to "more than 100 million barrels of oil" passing through the strait and into the open market, according to Trump."With no imminent deal in sight and with the global oil market tightening significantly every day, we see upside to prices, particularly if these disruptions linger into the third quarter, a period of seasonally stronger oil demand," ING Bank said in a report Wednesday.Last month's producer price index, a measure of wholesale prices, is scheduled to be released at 8:30 am ET. The report comes a day after official data showed that US annual inflation accelerated to the highest in about three years, fueling expectations that the Federal Reserve will keep interest rates on hold for some time."US inflation continues to vault higher on the back of swiftly rising energy prices and four months of closure of the Strait of Hormuz," BMO Chief US Economist Scott Anderson said in a report.The two-year Treasury yield was unchanged at 4.13% before the open, while the 10-year rate retreated 1.4 basis points to 4.53%.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am.Shares of Oracle (ORCL) dropped 8% pre-bell as the cloud computing company said it plans to raise about $40 billion in fiscal 2027 through a mix of debt and equity financing, including its previously announced $20 billion stock sale. The firm reported fiscal fourth-quarter results above Wall Street's estimates.Adobe (ADBE), Lennar (LEN) and RH (RH) are expected to report their latest financial results after the markets close.Gold slipped 0.5% to $4,111 per troy ounce, while bitcoin advanced 1.6% to $62,833.

Dow JonesNasdaq CompositeS&P 500$ADBE$LEN$ORCL$RH
International

Tech Rebound Lifts Wall Street Pre-Bell; Asia Mixed, Europe Up

Wall Street futures pointed higher pre-bell Thursday as traders waded back into tech shares, and shrugged off reports of fresh hostilities in the Persian Gulf.In the futures, the S&P 500 rose 0.7%, the Nasdaq inclined 1.2% and the Dow Jones was up 0.7%.The VanEck Semiconductor exchange-traded fund (SMH) traded up 2.2% pre-bell.West Texas Intermediate crude oil traded down 1% at $89.11 a barrel in morning action.Investors are awaiting the May producer price index (PPI) report from Washington at 8:30 am ET, for a view into how Strait of Hormuz-related fuel bills are impacting overall producer costs.Asian exchanges traded unevenly lower overnight, while European bourses tracked moderately north midday on the continent.Adobe (ADBE) plans to report earnings after-bell, among others.On the economic calendar, in addition to the PPI bulletin, is the weekly jobless claims report at 8:30 am ET, followed by the Q1 services survey at 10 am.The weekly EIA natural gas report logs at 10:30 am.In pre-market action, bitcoin traded at $62,778, and 10-year US Treasuries offered 4.53%. Spot gold commanded $4,091 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

US Equity Indexes Slide as Semiconductors Lead Technology Lower, Trump Warns of Iran Attack

US equity indexes slumped following a sell-off in mega-cap semiconductor names, and as President Donald Trump's threat to attack Iran "very hard" sent crude oil higher.The Nasdaq Composite dropped 2% to 25,169.50, with the S&P 500 down 1.6% to 7,266.99, and the Dow Jones Industrial Average lower by 1.9% to 49,918.78 on Wednesday. Industrials, technology, and materials were among the decliners, while energy and consumer staples led the gainers.In the final leg of trading, Qualcomm (QCOM), Arm (ARM), and Advanced Micro Devices (AMD) were among the 10 worst-performing stocks in a category of companies with a market capitalization of more than $200 billion each, according to data compiled by Finviz.Institutional demand for SpaceX (SPCX) shares is more than four times the amount available ahead of its initial public offering, Bloomberg reported Wednesday, citing people familiar with the matter. Banks are expected to stop taking orders after Wednesday's market close at 4 pm ET, with the IPO expected to price the following day and trading set to begin on the last day of the week, the report said.In geopolitical news, the US will resume attacks on Iran on Wednesday, President Donald Trump said, citing slow progress in talks for a deal to end the war, according to a report from CNN.Iran is taking "too long to negotiate a deal," and that "now they will have to pay the price," Trump said Wednesday. The US launched airstrikes early Wednesday against Iran after the US president blamed Tehran for the crash of an American attack helicopter, and Iran fired back at countries in the region, according to a report from the Associated Press.West Texas Intermediate crude oil futures jumped 2.5% to $90.44, and Brent crude futures advanced 2.1% to $93.36.Most US Treasury yields rose, with the 10-year up two basis points to 4.55% and the two-year higher by 1.3 basis points to 4.14%.In precious metals, gold futures slumped 4.4% to $4,094.2, and silver futures dropped 2.5% to $63.61.In economic news, the US seasonally adjusted consumer price index, a measure of inflation, rose by 0.5% in May, as expected, following a 0.6% increase in April, according to data released Wednesday by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose by 0.2%, below the consensus estimate for a 0.3% increase. Core CPI rose by 0.4% in April.In this third inflation print since the beginning of Operation Epic Fury, the data continue to show "virtually no sign" that energy inflation is filtering down into the core, outside of airfare, according to a note from Jefferies.The year-over-year rates for overall and core CPI increased to 4.2% and 2.9%, respectively, from 3.8% and 2.8% in the previous month, the BLS data showed. The headline rate was the strongest since April 2023, according to data compiled by Finviz."Some pass-through could still be on the way in the data over the Summer and Fall, but the fact that businesses have been reticent to immediately pass on [the] price increases to their customers is significant," Jefferies Chief US Economist Thomas Simons wrote in the note.

Dow JonesNasdaq CompositeS&P 500$AMD$ARM$QCOM$SPCX
Update: Nasdaq, S&P 500 Hit 5-Week Lows Amid Re-Escalation in Middle East
US Markets

Update: Nasdaq, S&P 500 Hit 5-Week Lows Amid Re-Escalation in Middle East

(Updates with market moves at the end of the day.)The Nasdaq Composite and the S&P 500 fell to the lowest levels in about five weeks on Wednesday as renewed tensions between the US and Iran pushed oil prices higher.The Nasdaq fell 2% to 25,169.5, its lowest close since May 4. The S&P 500 lost 1.6% to 7,267, the lowest finish since May 5. The Dow Jones Industrial Average shed 1.9% to settle at 49,918.8, the lowest since May 19.Most sectors were in the red, led by industrials' 3.4% slump, while consumer staples paced the gainers.West Texas Intermediate crude oil was up 2.6% at $90.46 a barrel in late-afternoon trade, while Brent rose 2.2% to $93.42.Iran will have to "pay the price" for taking too long to agree to a peace deal, US President Donald Trump said in a social media post Wednesday.The US will resume attacks on Iran Wednesday, CNN reported, citing Trump.US forces launched airstrikes Tuesday against Iran after Tehran shot down an American Apache helicopter, Central Command said. Iran struck American military bases across Jordan, Kuwait, and Bahrain, media reports showed."With no imminent deal in sight and with the global oil market tightening significantly every day, we see upside to prices, particularly if these disruptions linger into the third quarter, a period of seasonally stronger oil demand," ING Bank said in a report Wednesday.US Treasury yields were mixed, with the 10-year rate up 2.3 basis points at 4.55% and the two-year rate little changed at 4.14%.In economic news, US annual inflation accelerated to the highest in about three years last month, fueling expectations that the Federal Reserve will keep interest rates on hold for some time."US inflation continues to vault higher on the back of swiftly rising energy prices and four months of closure of the Strait of Hormuz," BMO Chief US Economist Scott Anderson said in a report.Monthly headline and core inflation measures, however, eased."The milder rise in core (consumer price index) inflation in May will buy the Fed some time to wait a bit longer before taking any action on raising interest rates."Markets widely expect the Fed to leave interest rates unchanged next week, which would mark its fourth straight pause, according to the CME FedWatch tool.In company news, Super Micro Computer (SMCI) shares slid 28%, the worst performer on the S&P 500, as the company announced a series of concurrent equity and equity-linked financing transactions amounting to $7 billion.Casey's General Stores (CASY) shares surged 20%. Late Tuesday, the convenience store operator logged better-than-expected fiscal fourth-quarter results.Gold was down 4.2% at $4,105.10 per troy ounce, while silver fell 2.2% to $63.82.

Dow JonesNasdaq CompositeS&P 500$CASY$SMCI
International

US Equity Markets End Lower Amid Semiconductor Sell-Off, Trump Threat to Hit Iran "Hard"

US equity indexes were lower on Wednesday amid a semiconductor stock sell-off and after President Trump threatened a "very hard" attack on Iran.* The US will resume attacks on Iran on Wednesday, President Donald Trump said, citing slow progress in talks for a deal to end the war, according to a report from CNN.* The US seasonally adjusted consumer price index, a measure of inflation, rose by 0.5% in May, as expected by analysts, following a 0.6% increase in April, according to data released Wednesday by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose by 0.2%, below the consensus estimate for a 0.3% increase. Core CPI rose by 0.4% in April.* July West Texas Intermediate crude oil rose $2.16 to settle at $90.36 per barrel, while August Brent crude, the global benchmark, was last seen up $1.88 at $93.35.* Devon Energy (DVN) shares were up roughly 5.7%, the top gainer on the S&P 500, after Evercore ISI upgraded the stock to outperform from in line with a $54 price target.* Super Micro Computer (SMCI) shares fell nearly 27%, the steepest decliner on the S&P 500, after the company said late Tuesday it is planning $7 billion worth of equity and equity-linked financing transactions as part of efforts to fund AI orders related to its advanced servers.

Dow JonesNasdaq CompositeS&P 500$DVN$SMCI
Japan

Slumping Semiconductors, Trump's Threat to Iran Push US Equity Indexes Lower

US equity indexes slumped amid a sell-off in high-growth, mega-cap semiconductor names and after President Donald Trump's warning of a "very hard" attack on Iran pushed crude oil higher.The Nasdaq Composite dropped 1.8% to 25,218.5, with the S&P 500 down 1.4% to 7,280.9, and the Dow Jones Industrial Average lower by 1.7% to 50,018.4 ahead of Wednesday's close.In the final leg of trading, Qualcomm (QCOM), Arm (ARM), and Advanced Micro Devices (AMD) were among the 10 worst-performing stocks with market capitalizations exceeding $200 billion, according to data compiled by Finviz.The US will resume attacks on Iran on Wednesday, President Donald Trump said, citing slow progress in talks for a deal to end the war, according to a report from CNN.West Texas Intermediate crude oil futures jumped 2.6% to $90.47, and Brent crude futures climbed 2.3% to $93.51.In economic news, the US seasonally adjusted consumer price index, a measure of inflation, rose by 0.5% in May, as expected, following a 0.6% increase in April, according to data released Wednesday by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose by 0.2%, below the consensus estimate for a 0.3% increase. Core CPI rose by 0.4% in April.In this third month's worth of inflation data since the beginning of Operation Epic Fury, the data continue to show virtually no sign that energy inflation is filtering down into the core, outside of airfare, according to a note from Jefferies.

Dow JonesNasdaq CompositeS&P 500$AMD$ARM$QCOM

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