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Asia Markets

US Equity Futures Decline Pre-Bell as Trump Orders US Blockade of Strait of Hormuz After Talks With Iran Fail

US equity futures were lower pre-bell on Monday after President Donald Trump ordered a blockade of the Strait of Hormuz following the failure of US and Iran to reach an agreement in peace talks in Islamabad.Dow Jones Industrial Average futures were 1% lower, S&P 500 futures were down 0.6%, and Nasdaq futures were 0.6% lower."Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz," Trump said in a post on Truth Social on Sunday.Trump said that an agreement was not reached due to Iran's unwillingness to give up its nuclear ambitions, while Iran said the US had made unreasonable demands.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 7.4% at $102.26 per barrel and US West Texas Intermediate crude 7.8% higher at $104.11 per barrel.Existing Home Sales, scheduled for release at 10 am ET, are seen declining 0.8% for March after an increase of 1.7% in the prior month, according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 0.7% lower, Hong Kong's Hang Seng ended 0.9% lower, and China's Shanghai Composite finished 0.1% higher. Meanwhile, the UK's FTSE 100 was down 0.4%, and Germany's DAX index was lower by 1.2% in Europe's early afternoon session.In equities, a number of energy firms saw stock gains as oil prices once again breached the $100 mark. Exxon Mobil (XOM) shares gained 1.6%, ConocoPhillips (COP) shares increased 2%, and Equinor (EQNR) stock rose 2.2%.On the losing side, Best Buy (BBY) stock fell 4.5% after the company's stock was downgraded by Goldman Sachs to sell from buy.

Dow JonesNasdaq CompositeS&P 500$BBY$COP$EQNR$XOM
US Markets

Stock Futures Down, Oil Rises as US Plans Blockade of Iranian Ports in Strait of Hormuz After Talks Fail

The benchmark US stock measures were pointing lower before the opening bell Monday, while oil prices rose as the US navy plans to begin a blockade of Iranian ports in the crucial Strait of Hormuz after Washington and Tehran failed to reach a conclusive agreement to end their war.The S&P 500 and the Nasdaq declined 0.6% each in premarket activity, while the Dow Jones Industrial Average was off 0.5%. The S&P 500 and the Dow finished Friday's trading session in the red, while the Nasdaq posted its eighth consecutive day of gains.The US Central Command announced Sunday that its forces will begin implementing a blockade of all maritime traffic entering and exiting Iranian ports on Monday at 10 am ET."The blockade will be enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman," according to a statement. "CENTCOM forces will not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports."Earlier on Sunday, President Donald Trump said in a social media post that the US navy will block "any and all ships trying to enter, or leave, the Strait of Hormuz," the world's most important chokepoint for crude flows."I have also instructed our navy to seek and interdict every vessel in international waters that has paid a toll to Iran," according to Trump. "Other countries will be involved with this blockade. Iran will not be allowed to profit off this illegal act of extortion."Trump's statement came after delegations from the US and Iran were unable to reach a deal to end their war during negotiations in Pakistan over the weekend. US Vice President JD Vance, who led the US delegation, said the US didn't receive a firm commitment from Iran to stop its pursuit of nuclear weapons, according to multiple media outlets.Iran's parliamentary speaker Mohammad Bagher Ghalibaf said in a post on X that the US team "failed to gain the trust of the Iranian delegation in this round of negotiations."West Texas Intermediate crude oil jumped 7.8% to $104.05 a barrel before the open, while Brent advanced 7.1% to $101.93.Meanwhile, Trump on Sunday reportedly threatened to implement a 50% tariff on China, following speculation that Beijing is preparing to deliver a shipment of new air defense systems to Iran, according to CNBC. "If we catch them doing that, they get a 50% tariff, which is a staggering - that's a staggering amount," the US leader said.Traders await the latest financial results of Wall Street's biggest banks this week, beginning with Goldman Sachs (GS) on Monday. JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), Morgan Stanley (MS) and Citigroup (C) are all due to post their quarterly earnings later in the week, along with major corporations, including Johnson & Johnson (JNJ), Netflix (NFLX) and PepsiCo (PEP).US consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher, official data showed Friday. Consumer sentiment hit the lowest on record this month, reflecting heightened worries about higher prices and the overall economic fallout from the Middle East conflict, according to a survey by the University of Michigan last week.Treasury yields were trending upwards in premarket action, with the two-year rate rising 1.5 basis points to 3.82% and the 10-year rate inclining 1.6 basis points to 4.33%.Monday's thin economic calendar has the existing home sales report for March at 10 am. Federal Reserve Governor Stephen Miran is scheduled to speak at 6:20 pm.Gold dropped 0.9% to $4,744 per troy ounce pre-bell, while bitcoin decreased 0.5% to $70,791.

Dow JonesNasdaq CompositeS&P 500$BAC$C$GS$JNJ$JPM$MS$NFLX$PEP$WFC
Japan

US Equity Futures Decline as Trump Orders US Blockade of Strait of Hormuz After Talks With Iran Fail

US equity futures were lower pre-bell on Monday after President Donald Trump ordered a blockade of the Strait of Hormuz after US-Iran talks in Islamabad failed to reach an agreement.Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures were down 0.6%, and Nasdaq futures were 0.6% lower."Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz," Trump said in a post on Truth Social on Sunday. Trump had said that an agreement was not reached due to Iran's unwillingness to give up its nuclear ambitions.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 7.1% at $101.95 per barrel and US West Texas Intermediate crude 7.7% higher at $103.99 per barrel.Existing Home Sales, scheduled for release at 10 am ET, are seen declining 0.8% for March after an increase of 1.7% reading in the prior month, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500
International

Persian Gulf, Oil Outlooks Damp Wall Street Pre-Bell, Asia, Europe Off

Wall Street futures pointed lower pre-bell Monday after President Donald Trump said the US will block the Strait of Hormuz, following the collapse of peace talks between Washington and Tehran over the weekend.In the futures, the S&P 500 fell 0.6%, the Nasdaq declined 0.6%, and the Dow Jones was off 0.5%.West Texas Intermediate crude oil traded up 7.5% at $103.84 in morning action.Goldman Sachs is slated to report Q1 results pre-bell, starting the earnings season. Financial titans JP Morgan Chase (JPM), Wells Fargo (WFC), Citigroup (C) and BlackRock (BLK) report earnings on Tuesday. Bank of America (BAC) and Morgan Stanley (MS) report results on Wednesday.Netflix (NFLX), Johnson & Johnson (JNJ), PepsiCo (PEP), Abbott Laboratories (ABT), The Progressive (PGR), and Truist Financial (TFC) are among other blue chips reporting earnings this week.For Q1, S&P 500 companies are expected to report year-over-year earnings growth of 12.6%, reported FactSet.Asian exchanges traded mostly lower overnight, while European bourses tracked moderately south at midday on the continent.On the economic calendar is the existing home sales report for March at 10 am ET.Federal Reserve Governor Stephan Miran is slated to speak on Monday.In pre-market action, Bitcoin traded at $70,798, and 10-year US Treasuries offered 4.33%. Spot gold commanded $4,715 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

US Equity Investors to Train Focus on Quarterly Earnings, Escalation of Iran War This Week

US equity investors will focus on Q1 earnings and developments in the Iran war following President Donald Trump's announcement of a blockade of the Strait of Hormuz after Iran peace talks in Pakistan ended with no agreement.* Q1 earnings season will begin this week in right earnest with the release of quarterly results from mega-cap banks, including JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Morgan Stanley (MS), and Goldman Sachs (GS).* Trump and his advisers are looking at resuming limited military strikes in Iran in addition to the blockade as a way to break a stalemate in peace talks, The Wall Street Journal reported Monday, citing officials and people familiar with the situation.* The announcement of the blockade could draw American forces into a prolonged struggle to control the strategic chokepoint while compounding the global economic damage caused by the conflict, a separate report from the WSJ said.* West Texas Intermediate crude oil futures surged 8% to $104.59, and Brent crude futures soared 7.8% to $102.95 early Monday. US Treasury yields also rose, with the 10-year up 1.8 basis points to 4.34% and the two-year climbed 2.1 basis points to 3.82%. The ICE US Dollar index advanced 0.3% to 98.99, reflecting the greenback's strength against the world's major currencies.* Iran said no port in the Persian Gulf or the Sea of Oman would be safe if its ports are threatened, after Trump confirmed that the US blockade on ships entering or exiting Iranian ports would take effect at 10 a.m. ET Monday.* Macroeconomic data due this week includes producer price inflation, existing home sales, ADP employment change, and initial jobless claims.* Federal Reserve Governors Christopher Waller and Michelle W. Bowman, as well as New York Fed President John Williams, are among a plethora of central bank speakers due to share their views this week.

Dow JonesNasdaq CompositeS&P 500$BAC$C$GS$JPM$MS
US Markets

S&P 500 Snaps 7-Day Winning Streak as Wall Street Logs Back-to-Back Weekly Gains

The S&P 500 retreated Friday following a seven-day advance ahead of upcoming talks between the US and Iran, while Wall Street notched its second consecutive weekly gain.The index slipped 0.1% to 6,816.9, and the Dow Jones Industrial Average shed 0.6% to 47,916.6. The Nasdaq Composite rose 0.4% to 22,902.9, its eight consecutive day of gains.Most sectors ended in the red, led by consumer staples, while tech paced the gainers.This week, the Nasdaq rallied 4.7%, the S&P 500 advanced 3.6%, and the Dow climbed 3%."In another week of high drama, markets ended in a calmer fashion, awaiting this weekend's direct talks between the US and Iran in Islamabad around the 14-day ceasefire," said Douglas Porter, chief economist at BMO, said in a report.The focus shifts to Pakistan, where officials from Washington and Tehran are expected to meet on Saturday. The truce, which Pakistan helped broker, appeared to be holding so far, though there's uncertainty around the outcome of these talks.Fighting between Israel and Iran-backed Hezbollah continued in Lebanon, CNN reported Friday. Iran's parliament speaker, Mohammad Bagher Ghalibaf, said talks will begin only if there is a ceasefire in Lebanon and blocked Iranian assets are released.West Texas Intermediate crude oil was down 2.3% to $95.63 a barrel in Friday late-afternoon trade.In economic news, US consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher, official data showed."The fallout of the US/Israel-Iran war was evident in the March consumer price index," Oxford Economics said in a note.US consumer sentiment hit the lowest on record this month, reflecting heightened worries about higher prices and the overall economic fallout from the Middle East conflict, a survey by the University of Michigan showed.US Treasury yields were higher, with the 10-year rate last up 4.3 basis points at 4.32% and the two-year rate rising 4.1 basis points to 3.81%.In company news, ServiceNow (NOW) shares slumped 7.6%, among the worst performers on the S&P 500.The enterprise software company's competitive advantage may have been eroded amid growing evidence that workflow automation tasks can be automated by harnessing artificial intelligence models, UBS Securities said in a note. The brokerage downgraded its rating on the stock to neutral from buy and slashed its price target to $100 from $170.CoreWeave (CRWV) shares jumped nearly 11% after the AI cloud computing company struck a deal to support the development and deployment of Anthropic's Claude AI models.Major tech names advanced, with Nvidia (NVDA) up 2.6%, the biggest gainer on the Dow, while Super Micro Computer (SMCI) jumped 8.8%, the best performer on the S&P 500. Broadcom (AVGO), Advanced Micro Devices (AMD), and Amazon.com (AMZN) also notched gains.Cloudflare (NET) shares tumbled nearly 14% amid an extended sell-off. The slump offers a buying opportunity, while concerns around Project Glasswing are "overblown" as the cloud-services company is seen benefitting from projected exponential growth in agentic artificial intelligence applications, Oppenheimer said Friday.Project Glasswing is a cross-industry coalition formed to "secure the world's most critical software," Anthropic said in a statement. The alliance, which will be using Anthropic's unreleased Claude Mythos frontier model, includes several big tech names including Amazon Web Services, Broadcom and Nvidia.Gold was down 0.6% at $4,790 per troy ounce, while silver rose 0.1% to $76.48 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$AVGO$CRWV$NET$NOW$NVDA$SMCI
Equities

S&P 500 Posts Weekly Gain Ahead of Iran Peace Talks, Earnings

The Standard & Poor's 500 index rose 3.6% this week in a broad climb ahead of high-stakes peace talks between Iran and the US and the Q1 earnings reporting season.The S&P 500 ended the week at 6,816.89, its second positive week in a row. The index is up 4.4% for April, erasing much of March's 4.6% drop. It is down 0.4% for the year.A two-week ceasefire reached between the US and Iran early this week appeared to be holding as officials from Washington and Tehran were expected to meet on Saturday in Pakistan, which helped broker the ceasefire.The coming week also marks the unofficial start of the Q1 earnings reporting season.US consumer sentiment hit the lowest on record this month, reflecting heightened worries about higher prices and the overall economic fallout from the Middle East conflict, according to the University of Michigan's preliminary April survey. The survey was largely completed before the announcement of the two-week ceasefire.A report by the Bureau of Labor Statistics showed US consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher. The data showed energy price growth jumped about 11% sequentially in March, led by a 21% surge in gasoline, accounting for nearly three quarters of the headline increase.Every sector other than energy rose this week. Communication services and consumer discretionary climbed 5.8% each, followed by a 4.8% gain in technology and a 4.7% advance in industrials. Materials were also strong, up 3.5%, while real estate and financials rose more than 2% each. Utilities, consumer staples and health care also edged higher.Amazon.com (AMZN) was the top performer in consumer discretionary, climbing 14%. The company said its Amazon Web Services' artificial intelligence revenue run rate was more than $15 billion in Q1 and "ascending rapidly." AWS has the potential to grow even faster, Amazon Chief Executive Andy Jassy said in a letter to shareholders.Paramount Skydance (PSKY) had the largest percentage increase in communication services, rising 12%. The company's $54 billion bridge loan backing its acquisition of Warner Bros. Discovery (WBD), provided by Bank of America (BAC), Citigroup (C), and Apollo Global Management (APO), has been sold down to wider group of banks and reduced to $49 billion, according a regulatory filing.Intel (INTC) led the advance in the technology sector, jumping 24%. Intel and Alphabet's (GOOG, GOOGL) Google expanded a multiyear agreement to develop artificial intelligence and cloud infrastructure using Xeon processors and custom infrastructure processing units. Intel's Xeon chips will continue to support Google Cloud systems across AI, inference and general computing workloads, the companies said.Energy, the lone sector in the red for the week, fell 4.1%.Phillips 66 (PSX) led the energy sector's drop, sliding 9.6%, as the company said its Q1 results are expected to be weighed down by $900 million in mark-to-market losses tied to surging commodity prices, according to preliminary data. The jump in commodity prices also led to a net outflow of almost $3 billion of cash collateral on derivative positions, Phillips 66 said in a regulatory filing.Earnings reports are expected next week from many large companies, including Goldman Sachs Group (GS), JPMorgan Chase (JPM), Johnson & Johnson (JNJ), Wells Fargo (WFC), Citigroup (C), BlackRock (BLK), Bank of America (BAC), Morgan Stanley (MS), Progressive (PGR), Netflix (NFLX), Pepsico (PEP), Abbott Laboratories (ABT) and Charles Schwab (SCHW).Economic data will include the March producer price index as well as March existing home sales, import prices, industrial production and capacity utilization, among other reports.

Dow JonesNasdaq CompositeS&P 500$AMZN$INTC$PSKY$PSX
Asia Markets

US Equity Indexes Rise This Week as Iran Heading for Peace Talks Lowers Geopolitical Risk

US equity indexes rose this week as Iran peace talks remained on schedule following Israeli attacks on Lebanon and a restricted Strait of Hormuz, and red-hot March inflation report came in line with expectations.* The S&P 500 closed at 6,816.89 on Friday versus 6,582.69 a week ago. The Nasdaq Composite stood at about 22,902.89, compared with 21,829.18 a week earlier. The Dow Jones Industrial Average ended at 47,916.57, versus 46,504.67 at the end of last week.* Industrials, communication services, and consumer cyclicals topped sector charts this week, while energy was the sole decliner. Geopolitical risk came off the boil as the US-Iran ceasefire pact included a reopening of Hormuz, a chokepoint to about a fifth of global crude oil flows.* President Donald Trump asked Israel's Prime Minister Benjamin Netanyahu to scale back attacks on Lebanon after Wednesday's strikes killed more than 250 people and injured hundreds, threatening the ceasefire, according to the Wall Street Journal.* Peace talks are scheduled for Saturday in Islamabad amid threats and preconditions set by the US, Israel, and Iran on the eve, including improved flow of maritime traffic from Hormuz. Vice President JD Vance will lead a team of US negotiators, including Trump's special envoy Steve Witkoff and son-in-law Jared Kushner, to the talks.* Vance, before setting off for the high-stakes talks, said Washington is "willing to extend the open hand" in this weekend's negotiations but warned Tehran not to "try to play us," The Wall Street Journal reported.* On the economic data front, investors were focused mainly on the inflation data. The personal consumption expenditures price index for February was mostly in line, but did not reflect the impact of the Iran war on crude oil prices. The consumer price index at 0.9%, as expected, accelerated to its highest monthly reading in almost four years in March as the Middle East conflict sent energy prices sharply higher.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

US Equity Indexes Mixed as Investors Await Iran Peace Talks, Red Hot Inflation Lifts Treasury Yields

US equity indexes closed mixed on Friday ahead of high-stakes Iran peace talks, and as a tripling of inflation in March pushed government bond yields higher.The Nasdaq Composite rose 0.4% to 22,902.89, while the S&P 500 fell 0.1% to 6,816.89 and the Dow Jones Industrial Average slid 0.6% to 47,916.57. All sectors except technology, materials, consumer discretionary, and real estate fell. Consumer staples, health care, and financials led the decliners.If a peace deal is not reached this weekend at Pakistan-brokered negotiations in Islamabad, the US is prepared to renew and intensify strikes on Iran, US President Donald Trump said, according to a CNN news report. The war in the Middle East drove up the US inflation rate threefold in March amid soaring gasoline prices, data from the Bureau of Labor Statistics showed.Iran's parliament speaker, Mohammad Bagher Ghalibaf, reportedly said talks cannot start until the US meets two conditions: a ceasefire in Lebanon and the release of blocked Iranian assets. Ambassadors from Israel, Lebanon, and the US will hold talks in Washington, DC, on Friday to set the table for future negotiations between Israel and Lebanon, an Israeli official and a source familiar with the talks told CNN.US Vice President JD Vance, setting off for US-Iran talks, said Washington is "willing to extend the open hand" this weekend but warned Tehran not to "try to play us," The Wall Street Journal reported.West Texas Intermediate crude oil futures fell 1.8% to $96.14, and Brent crude futures slid 1.7% to $94.34.In economic news, US consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher.The consumer price index advanced 0.9% last month, its strongest pace of growth since June 2022, the Bureau of Labor Statistics reported Friday. The latest print met a Bloomberg-polled consensus view. Prices rose 0.3% in February. Annually, inflation grew to 3.3% from February's 2.4% rise, falling short of Wall Street's 3.4% projection.Energy prices soared about 11% sequentially in March, led by a 21% surge in gasoline, accounting for nearly three-quarters of the headline increase, official data showed."The fallout of the US/Israel-Iran war was evident in the March consumer price index," Oxford Economics Lead US Economist Bernard Yaros said in an e-mail to.US Treasury yields rose, with the 10-year up 2.6 basis points to 4.32% and the two-year climbed 2.1 basis points to 3.80%.The University of Michigan's preliminary consumer sentiment index fell to 47.6 in April from 53.3 in March, versus 51.5 expected in a Bloomberg-compiled survey.Respondents saw one-year inflation expectations at 4.8%, up from 3.8% in March, while five-year inflation expectations rose to 3.4% from 3.2%.According to CME FedWatch tool, the probability of the Federal Reserve leaving interest rates unchanged in the 3.5% to 3.75% range increased in every rate-setting meeting from April to December.In precious metals, gold futures fell 0.7% to $4,785.6 while silver futures edged up 0.2% to $76.56.

Dow JonesNasdaq CompositeS&P 500
International

US Equity Markets Mixed Ahead of US-Iran Peace Talks, High Inflation Report

US equity indexes were mixed on Friday, with US-Iran peace talks about to begin and higher government bond yields following a high-paced inflation report.* Iran's parliament speaker, Mohammad Bagher Ghalibaf, said talks cannot start until the US meets two conditions: a ceasefire in Lebanon and the release of blocked Iranian assets. Meanwhile, President Donald Trump said Thursday that Iran is "doing a very poor job" of letting crude oil pass and cautioned against collecting tolls.* The consumer price index advanced 0.9% in March, its strongest pace of growth since June 2022, the Bureau of Labor Statistics reported Friday. The latest print met a Bloomberg-polled consensus view. Annually, inflation rose to 3.3% from February's 2.4% rise, falling short of Wall Street's 3.4% projection.* May West Texas Intermediate crude oil fell $1.62 to settle at $96.25 per barrel, while June Brent crude, the global benchmark, was last seen down $1.28 at $94.64.* Super Micro Computer (SMCI) shares rose about 8.8% on Friday, a day after it launched the Gold Series enterprise server suite for artificial intelligence, storage, and edge workloads.* Fair Isaac (FICO) shares were down roughly 14%, among the steepest decliners on the S&P 500, after Barclays adjusted its price target for the stock to $1,950 from $2,400 while maintaining its overweight rating.

Dow JonesNasdaq CompositeS&P 500$FICO$SMCI
Japan

US Equity Indexes Mixed as Investors Await Iran Peace Talks, Red Hot Inflation Lifts Treasury Yields

US equity indexes were mixed in the final leg of trading on Friday, ahead of the high-stakes Iran peace talks in Pakistan and as a red-hot inflation report lifted government bond yields.The Nasdaq Composite rose 0.3% to 22,900.3, while the S&P 500 fell 0.1% to 6,816.7 and the Dow Jones Industrial Average slid 0.5% to 47,931.5.If a peace deal is not reached this weekend at Pakistan-brokered negotiations in Islamabad, the US is prepared to renew and intensify strikes on Iran, US President Donald Trump said, according to a CNN news report. The war in the Middle East drove up the US inflation rate threefold in March amid soaring gasoline prices, data from the Bureau of Labor Statistics showed.Iran's parliament speaker, Mohammad Bagher Ghalibaf, reportedly said talks cannot start until the US meets two conditions: a ceasefire in Lebanon and the release of blocked Iranian assets. Ambassadors from Israel, Lebanon, and the US will hold talks in Washington, DC, on Friday to set the table for future negotiations between Israel and Lebanon, an Israeli official and a source familiar with the talks told CNN.US Vice President JD Vance, setting off for US-Iran talks, said Washington is "willing to extend the open hand" this weekend but warned Tehran not to "try to play us," The Wall Street Journal reported.West Texas Intermediate crude oil futures fell 1.6% to $96.27, and Brent crude futures slid 1.4% to $94.68, moving between gains and losses on Friday as Israel's continued attacks on Lebanon and a severely restricted Strait of Hormuz risked the Iran ceasefire deal ahead of the talks.In US economic news, the consumer price index accelerated to its highest monthly reading in nearly four years, rising 0.9% in March, in line with expectations. Energy prices jumped about 11% sequentially in March, led by a 21% surge in gasoline, accounting for almost three-quarters of the headline increase, the Bureau of Labor Statistics data showed.US Treasury yields rose, with the 10-year up 2.2 basis points to 4.32% and the two-year climbed 1.6 basis points to 3.80%.

Dow JonesNasdaq CompositeS&P 500
US Markets

Equity Markets Mixed Intraday Ahead of US-Iran Talks

US benchmark equity indexes were mixed intraday as traders awaited upcoming talks between Washington and Iran and parsed the latest inflation data.The Dow Jones Industrial Average was down 0.6% at 47,922.5 after midday Friday, while the S&P 500 fell 0.1% to 6,815.3. The Nasdaq Composite rose 0.2% to 22,870.8. Among sectors, consumer staples saw the biggest decline, while technology paced the gainers.West Texas Intermediate crude oil was up 0.5% at $98.32 a barrel intraday.Officials from the US and Iran are expected to meet Saturday in Pakistan, which helped broker a recent two-week truce between the two countries.The US is ready to renew and increase strikes on Iran if the parties are unable to reach a peace deal in the upcoming talks, CNN reported Friday, citing President Donald Trump. Negotiations can't start until the US agrees to a ceasefire in Lebanon and the release of blocked Iranian assets, the news outlet reported, citing Iran's parliament speaker.US Treasury yields were higher intraday, with the 10-year rate up four basis points at 4.32% and the two-year rate rising 3.9 basis points to 3.81%.In economic news, US consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher, official data showed."The fallout of the US/Israel-Iran war was evident in the March consumer price index," Oxford Economics said in a note.US consumer sentiment hit the lowest on record this month, reflecting heightened worries about higher prices and the overall economic fallout from the Middle East conflict, a survey by the University of Michigan showed."Demographic groups across age, income, and political party all posted setbacks in sentiment, as did every component of the index, reflecting the widespread nature of this month's fall," Surveys of Consumers Director Joanne Hsu said. "Economic expectations will likely improve after consumers gain confidence that the supply disruptions stemming from the Iran conflict have ended and gas prices have moderated."In company news, ServiceNow (NOW) shares were down 8.6% intraday, among the worst performers on the S&P 500.The enterprise software company's competitive advantage may have eroded amid growing evidence that workflow automation tasks can be automated by harnessing artificial intelligence models, UBS Securities said in a note. The brokerage downgraded its rating on the stock to neutral from buy and lowered its price target to $100 from $170.CoreWeave (CRWV) shares jumped 11% after the AI cloud computing company struck a deal to support the development and deployment of Anthropic's Claude AI models.Other major tech names were also advancing intraday, with Nvidia (NVDA) up 2.4%, the biggest gainer on the Dow, while Super Micro Computer (SMCI) jumped 9.2%, the best performer on the S&P 500. Broadcom (AVGO), Advanced Micro Devices (AMD), and Amazon.com (AMZN) were also firmly in the green.Gold was down 0.6% at $4,790 per troy ounce, while silver rose 0.1% to $76.48 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$AVGO$CRWV$NOW$NVDA$SMCI
Asia Markets

Exchange-Traded Funds Fall, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV declined. Actively traded Invesco QQQ Trust (QQQ) eased 0.1%.US equity indexes were mixed in midday trading Friday as a fragile Iran ceasefire deal looked set to hold until peace talks start in Pakistan.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each dropped about 0.8%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 0.4%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) each added 0.3%.The State Street SPDR S&P Semiconductor (XSD) gained 1.6%, and iShares Semiconductor (SOXX) climbed 2.4%.FinancialThe State Street Financial Select Sector SPDR (XLF) fell 1.1%. Direxion Daily Financial Bull 3X Shares (FAS) declined 3.4%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed 3.6%.CommoditiesCrude oil rose 0.6%, and the United States Oil Fund (USO) eased 0.4%. Natural gas fell 012%, and the United States Natural Gas Fund (UNG) dropped 0.8%.Gold on Comex lost 0.7%, and the State Street SPDR Gold Shares (GLD) fell 0.1%. Silver shed 0.1%, and iShares Silver Trust (SLV) rose 0.8%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) eased 1%. The Vanguard Consumer Staples ETF (VDC) fell 1.1%, and iShares Dow Jones US Consumer Goods (IYK) was 0.6% lower.The State Street Consumer Discretionary Select Sector SPDR (XLY) fell 0.3%. VanEck Retail ETF (RTH) dropped 0.6%, while the State Street SPDR S&P Retail (XRT) declined 1.4%.Health CareThe State Street Health Care Select Sector SPDR (XLV) fell 0.9%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) dropped. IShares Biotechnology ETF (IBB) shed 1.6%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) eased 0.1%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) dropped.CryptocurrencyIn midday activity, bitcoin (BTC-USD) rose 0.7%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 1.2%, ProShares Ether ETF (EETH) gained 1.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 0.2%.

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
Asia Markets

US Equity Indexes Mixed Amid Anticipated Iran Peace Talks, Expected Hot Inflation

US equity indexes were mixed in Friday's midday trading as a fragile Iran truce looked set to hold until peace talks begin in Pakistan on Saturday, while a red-hot inflation read was in line with the outlook.The Nasdaq Composite rose 0.3% to 22,887.1, while the S&P 500 fell 0.2% to 6,814.3 and the Dow Jones Industrial Average slid 0.6% to 47,881.5. Technology and materials were among the gainers, while consumer staples, health care, and financials led the decliners.A key aim of the Iran peace talks in Islamabad is to fully reopen the Strait of Hormuz, where President Donald Trump said Thursday that Iran is "doing a very poor job" of letting crude oil pass and cautioned against collecting tolls in the strategic waterway, the report said.Iran's parliament speaker, Mohammad Bagher Ghalibaf, said talks cannot start until the US meets two conditions: a ceasefire in Lebanon and the release of blocked Iranian assets.Vice President JD Vance, setting off for US-Iran talks in Pakistan's capital Islamabad, said Washington is "willing to extend the open hand" in this weekend's negotiations but warned Tehran not to "try to play us," The Wall Street Journal said.Ambassadors from Israel, Lebanon, and the US will hold talks in Washington, DC, on Friday to set the table for future negotiations between Israel and Lebanon, an Israeli official and a source familiar with the talks told CNN. The initial discussions will target an agreement on the agenda for direct negotiations, which Israel said would be aimed at disarming Hezbollah and establishing "peaceful relations" between the two countries.West Texas Intermediate crude oil futures advanced 1% to $98.92, and Brent crude futures climbed 1.3% to $97.08.In economic news, US consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher.The consumer price index advanced 0.9% last month, its strongest pace of growth since June 2022, the Bureau of Labor Statistics reported Friday. The latest print met a Bloomberg-polled consensus view. Prices rose 0.3% in February. Annually, inflation grew to 3.3% from February's 2.4% rise, falling short of Wall Street's 3.4% projection.Energy price growth jumped about 11% sequentially in March, led by a 21% surge in gasoline, accounting for nearly three-quarters of the headline increase, official data showed.US Treasury yields rose, with the 10-year up 2.6 basis points to 4.32% and the two-year climbed 2.5 basis points to 3.81%."The fallout of the US/Israel-Iran war was evident in the March consumer price index," Oxford Economics Lead US Economist Bernard Yaros said in remarks emailed to.In company news, Barclays adjusted its price target for Fair Isaac's (FICO) shares to $1,950 from $2,400 while maintaining its overweight rating. The stock traded down 14% intraday, among the steepest decliners on the SP 500.In precious metals, gold futures fell 0.7% to $4,784.9 and silver futures slipped 0.3% to $76.22.

Dow JonesNasdaq CompositeS&P 500$FICO
Japan

US Equity Indexes Mixed as Fragile Iran Truce Holds, Hot Inflation Print In Line With Outlook

US equity indexes were mixed in midday trading Friday as a fragile Iran ceasefire deal looked set to hold until peace talks kick off in Pakistan, while a red-hot inflation read was in line with market expectations.The Nasdaq Composite rose 0.4% to 22,913.3, while the S&P 500 was slightly down at 6,823.6 and the Dow Jones Industrial Average slipped 0.4% to 47,979.1.Vice President JD Vance, setting off for US-Iran talks in Pakistan's capital Islamabad, said Washington is "willing to extend the open hand" in this weekend's negotiations but warned Tehran not to "try to play us," The Wall Street Journal said.A key aim of the talks is to fully reopen the Strait of Hormuz, where President Donald Trump said Thursday that Iran is "doing a very poor job" of letting oil flow through and cautioned the country against collecting tolls from ships traveling through the strategic waterway, the report said.West Texas Intermediate crude oil futures advanced 0.9% to $98.82. Brent crude futures were little changed at $95.67.In economic news, the US consumer price index accelerated to its highest monthly reading in nearly four years, rising 0.9% in March but in line with expectations, as the Middle East conflict sent energy prices sharply higher. Energy prices jumped about 11% sequentially in March, led by a 21% surge in gasoline, accounting for nearly three-quarters of the headline increase, the Bureau of Labor Statistics data showed.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Amid Lingering Geopolitical Uncertainty, CPI Focus

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Friday's premarket activity amid lingering geopolitical uncertainty and the release of consumer inflation data.US stock futures were mixed, with S&P 500 Index futures up 0.03%, Dow Jones Industrial Average futures slipping 0.04%, and Nasdaq futures gaining 0.1% before the start of regular trading.US consumer prices rose 0.9% in March, in line with expectations, compared with a 0.3% gain in the prior month.The University of Michigan's preliminary consumer sentiment index for April and the factory orders data for February are due to be released at 10 am ET.In premarket activity, bitcoin was up by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.3% higher, Ether ETF (EETH) advanced 0.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 0.3%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated marginally by 0.01%, the Vanguard Health Care Index Fund (VHT) was up 0.8%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) slipped 0.4%.Telix Pharmaceuticals (TLX) stock was up more than 9% premarket after the company said the US Food and Drug Administration accepted its resubmitted new drug application for its investigational glioma imaging agent Pixclara.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was flat and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.8%. The iShares US Consumer Staples ETF (IYK) advanced 0.4%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 0.4%.Shake Shack (SHAK) shares were up more than 3% pre-bell after Mizuho upgraded the company's stock to outperform from neutral and lifted its price target to $120 from $100.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.6%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% higher.SLM (SLM) shares were up more than 2% pre-bell. RBC cut the company's price target to $28 from $32 while maintaining its outperform rating.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 0.2%, and the iShares US Technology ETF (IYW) was 0.2% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.01%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 0.7% higher, while the iShares Semiconductor ETF (SOXX) rose by 0.7%.Taiwan Semiconductor Manufacturing (TSM) shares were up more than 2% in premarket activity after the company reported higher Q1 net revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.3%, while the Vanguard Industrials Index Fund (VIS) gained 0.3% and the iShares US Industrials ETF (IYJ) was inactive.A. O. Smith Corporation (AOS) stock was up more than 1% before the opening bell after Goldman Sachs raised its price target to $61 from $69.EnergyThe iShares US Energy ETF (IYE) was flat, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.2%.Eni (E) stock was up nearly 1% before Friday's opening bell after the company said it has invested $70 million in Nouveau Monde Graphite (NMG). Nouveau stock was down 9%.CommoditiesFront-month US West Texas Intermediate crude oil gained 0.1% to reach $97.95 per barrel on the New York Mercantile Exchange. Natural gas retreated by 1.5% to $2.63 per 1 million British Thermal Units. The United States Oil Fund (USO) was down by 1.8%, while the United States Natural Gas Fund (UNG) was 1.2% lower.Gold futures for May were down by 0.6% at $4,790.50 an ounce on the Comex. Silver futures declined by 0.9% to $75.76 an ounce. SPDR Gold Shares (GLD) was 0.01% higher, and the iShares Silver Trust (SLV) advanced by 0.3%.

Dow JonesNasdaq CompositeS&P 500$AOS$BETH$BITO$E$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NMG$PMR$QQQ$RTH$SHAK$SLM$SLV$SOXX$SPY$TLX$TSM$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

US Equity Futures Flat Pre-Bell as Traders Track Developments in Fragile US-Iran Ceasefire

US equity futures were flat pre-bell Friday as traders were wary of the fragile two-week ceasefire between the US and Iran.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.3% higher.The Strait of Hormuz remains shut, while Israel continues to exchange fire with Hezbollah in Lebanon, even with the US-Iran talks scheduled on Saturday morning in Islamabad. Israel has said it would start talks with the Lebanese government targeting to disarm Hezbollah and end attacks in the nation.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.5% at $95.42 per barrel and US West Texas Intermediate crude 0.5% lower at $97.42 per barrel.The March consumer price index, released at 8:30 am ET, gained 0.9% as expected, compared with a 0.3% increase in the previous month, according to estimates compiled by Bloomberg. The University of Michigan consumer sentiment index for April is expected at 51.5%, down from 53.3% previously, and the February factory orders are expected to have declined 0.2% following an increase of 0.1% in January. The two reports are scheduled for 10 am ET.In other world markets, Japan's Nikkei closed 1.8% higher, Hong Kong's Hang Seng ended 0.6% higher, and China's Shanghai Composite finished 0.5% higher. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was up 0.8% in Europe's early afternoon session.In equities, Taiwan Semiconductor Manufacturing (TSM) shares were up 2.3% after the company reported higher Q1 net revenue. Marvell Technology (MRVL) shares were 3.5% higher after Barclays upgraded the company's stock to overweight from equalweight.On the losing side, ServiceNow (NOW) shares were down 1.6% after the company said it is shifting its entire product portfolio from artificial intelligence sidecars to full AI integration. UBS also downgraded the company's stock to neutral from buy.

Dow JonesNasdaq CompositeS&P 500$MRVL$NOW$TSM
Japan

US Equity Futures Flat Pre-Bell as Fragile US-Iran Ceasefire Causes Wariness Among Traders

US equity futures were flat pre-bell on Friday as traders were wary of the fragile two-week ceasefire between the US and Iran.Dow Jones Industrial Average futures were flat, S&P 500 futures were up 0.1%, while Nasdaq futures were 0.2% higher.The Strait of Hormuz remains shut, while Israel continues to exchange fire with Hezbollah in Lebanon, even with the US-Iran talks scheduled on Saturday morning in Islamabad. Israel has said it would start talks with the Lebanese government targeting to disarm Hezbollah and end attacks in the nation.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.1% at $95.99 per barrel and US West Texas Intermediate crude 0.2% higher at $98.06 per barrel.The March consumer price index, scheduled for release at 8:30 am ET, is seen coming in at 0.9% for February, compared with 0.3% reading in January, according to estimates compiled by Bloomberg. Meanwhile, the University of Michigan consumer sentiment for April is expected at 51.5%, down from 53.3% previously, and the February factory orders release is seen coming at negative 0.2%, compared with 0.1% previously.The two reports are scheduled at 10 am ET.

Dow JonesNasdaq CompositeS&P 500
US Markets

Stocks Mostly Down Pre-Bell as US-Iran Talks Loom; Consumer Inflation Report on Deck

The main US stock measures were mostly tracking in the red before the open Friday as traders await talks between US and Iranian officials and a key report on consumer inflation.The S&P 500 and the Dow Jones Industrial Average edged down 0.1% each in premarket activity, while the Nasdaq was up less than 0.1%. The indexes finished the previous trading session higher, with the S&P 500 and the Nasdaq recording their seventh straight day of gains.Officials from the US and Iran are expected to meet on Saturday in Pakistan, which helped broker the truce between the two countries earlier in the week.Israeli Prime Minister Benjamin Netanyahu said the country would negotiate with Lebanon on disarming Hezbollah, CNN reported Thursday. Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, previously called Israel's continued attacks on Lebanon a violation of the ceasefire agreement between Washington and Tehran.In a social media post on Thursday, President Donald Trump said Iran was "doing a very poor job" of allowing oil to go through the Strait of Hormuz. "That is not the agreement we have," Trump said.Iranian state media reported that transit through the strait was halted following Israeli strikes on Lebanon.West Texas Intermediate crude oil nudged 0.2% higher to $98.02 a barrel before the opening bell, while Brent ticked up 0.1% to $95.97. "With a full reopening of the strait unlikely in the near term, oil prices are expected to remain supported, as disruptions linked to reduced output and refinery shutdowns will take time to unwind," ING Bank said in a note on Thursday.The consumer price index report for March is scheduled for an 8:30 am ET release. Official data are expected to show that consumer inflation accelerated 0.9% and 3.4% on sequential and annual bases last month, according to a Bloomberg-compiled consensus.Treasury yields were down in premarket action, with the two-year rate retreating 0.2 basis points to 3.78% and the 10-year rate off 0.4 basis points to 4.29%.Government data on Thursday showed that inflation accelerated sequentially in February as real consumer spending edged higher, with analysts expecting price pressures to intensify due to the spillover effects of the Middle East conflict.The US economy expanded at a slower rate in the fourth quarter than previously projected, as consumer spending growth decelerated, according to the Bureau of Economic Analysis' third estimate.Minutes from the Federal Reserve's March meeting showed earlier in the week that participants emphasized the need for the central bank to be "nimble" in adjusting monetary policy amid heightened macro risks.Friday's economic calendar also has the preliminary University of Michigan consumer sentiment report for April at 10 am, while the weekly Baker Hughes oil-and-gas rig count is out at 1 pm.Taiwan Semiconductor Manufacturing's (TSM) US-listed shares gained 2% pre-bell after the chipmaker disclosed a year-over-year increase in its first-quarter revenue. Snowflake (SNOW) rebounded 0.2% following a 12% drop at the close of the previous trading session.Gold declined 0.8% to $4,779 per troy ounce, while bitcoin slipped 0.2% to $71,920.

Dow JonesNasdaq CompositeS&P 500$SNOW$TSM
International

Uncertain Ceasefire View Caps Wall Street Pre-Bell; Asia, Europe Up

Wall Street futures wavered pre-bell Friday as traders awaited US-Iran ceasefire negotiations, slated to start Saturday in Pakistan.In the futures, the S&P 500 was steady, the Nasdaq inclined 0.1% and the Dow Jones was off 0.1%.West Texas Intermediate crude oil futures tracked in a relatively tight range, just under $98 a barrel.Investors also await the March consumer price index (CPI) report from Washington, due at 8:30 am ET, and sure to be parsed for clues of building inflationary pressures in the US economy.Asian exchanges traded mostly higher overnight, while European bourses tracked north midday on the continent, on Middle East ceasefire prospects.On the economic calendar, in addition to the CPI bulletin, is the University of Michigan consumer sentiment report for April, and the February factory orders release, at 10 am ET.The weekly Baker Hughes domestic oil-and-gas rig count logs at 1 pm.In pre-market action, bitcoin traded at $71,755, and 10-year US Treasuries offered 4.29%. Spot gold commanded $4,758 an ounce.

Dow JonesNasdaq CompositeS&P 500

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