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Rose with other US benchmarks as a US-Iran peace framework to reopen the Strait of Hormuz pushed crude oil prices lower.

Asia Markets

US Equity Indexes Slump as Semiconductors Lead Big-Tech Slide

US equity indexes dived following a sharp sell-off in technology, led by semiconductors, in midday trading on Tuesday.The Nasdaq Composite dropped 1.8% to 25,468.1, with the S&P 500 down 0.9% to 7,340.8, and the Dow Jones Industrial Average lower by 0.2% to 50,710.5.Technology and energy were standout decliners, down 3.1% and 1.9%, respectively. Marvell Technology (MRVL), Arm (ARM), Dell (DELL), and Qualcomm (QCOM) declined by at least 8% each, the worst-performing stocks among companies with market capitalizations exceeding $200 billion, according to data compiled by Finviz.The real estate, healthcare, and materials sectors led the gainers.West Texas Intermediate crude oil futures fell 3.4% to $88.22, and Brent crude futures dropped 2.8% to $91.60.A deal to end the war in the Middle East could be reached in "two to three days," with the Strait of Hormuz reopening "immediately" after the agreement is signed, President Donald Trump was cited as saying in a CNBC news report. The two countries are nearing a deal "that will not in any way allow nuclear weapons," Trump was cited as saying."Oil gave back most of Monday's gains after Israel and Iran halted hostilities that had threatened to derail already fragile efforts to secure a broader peace agreement in the Middle East," Saxo Bank wrote in a note. "US President Donald Trump, meanwhile, maintained his typically optimistic tone, saying negotiations are in the 'final throes' of what he expects will be a successful deal."Most US Treasury yields fell, with the 10-year down one basis point to 4.54%. The two-year rate fell 2.3 basis points to 4.14%.In precious metals, gold futures dropped 2% to $4,277.5, and silver futures slumped 5.2% to $65.04.US existing home sales increased to the highest level since December in May, the National Association of Realtors said. Sales rose 3.2% sequentially to a seasonally adjusted annual rate of 4.17 million units last month."More Americans are on the move, with home sales rising to the highest level since December. This is great news for the housing market and the economy," NAR Chief Economist Lawrence Yun said. "Improving affordability is helping drive this momentum."The goods and services deficit narrowed $700 million to $55.9 billion in April from March on a seasonally adjusted basis, the US Census Bureau and the Bureau of Economic Analysis said. The consensus was for a $56.1 billion shortfall in a Bloomberg survey."Soaring oil exports are helping to narrow the US trade gap, with tariffs playing a more minor role in slowing imports," Sal Guatieri, BMO Capital Markets senior economist, said in a note. The export gain was driven by "surging crude sales" while computer hardware and microchips continued to fuel import growth, he said.Wholesale inventories rose by 0.6% in April, revised up from a 0.5% increase in the advance reading and following a 1.5% rise in March. Analysts in a Bloomberg-compiled survey expected April inventories to be revised upward to a 0.6% increase.

Dow JonesNasdaq CompositeS&P 500$ARM$DELL$MRVL$QCOM
Asia Markets

Exchange-Traded Funds Fall as US Equities Slump After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) declined 3.6%.US equity indexes slumped after midday on Tuesday amid a sharp sell-off in technology, led by semiconductors.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each shed about 1.7%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) dropped 5.5%; iShares US Technology ETF (IYW) fell 5%, and iShares Expanded Tech Sector ETF (IGM) was down 5.1%.The State Street SPDR S&P Semiconductor (XSD) declined 7.8%, and iShares Semiconductor (SOXX) slipped 6.5%.FinancialThe State Street Financial Select Sector SPDR (XLF) rose 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) added 0.6%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), fell 0.7%.CommoditiesCrude oil fell 3.5%, and the United States Oil Fund (USO) lost 2.9%. Natural gas rose 0.2%, and the United States Natural Gas Fund (UNG) added 0.8%.Gold on Comex dipped 2.1%, and the State Street SPDR Gold Shares (GLD) lost 1.9%. Silver declined 5.5%, and iShares Silver Trust (SLV) was down 5.4%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was up 1.6%. The Vanguard Consumer Staples ETF (VDC) rose 1.4%, and iShares Dow Jones US Consumer Goods (IYK) added 1.7%.The State Street Consumer Discretionary Select Sector SPDR (XLY) slipped 0.7%. VanEck Retail ETF (RTH) rose 0.4%, and the State Street SPDR S&P Retail (XRT) gained 0.4%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) added 0.9%, iShares US Healthcare (IYH) gained 0.9%, and Vanguard Health Care ETF (VHT) was up 0.8%. IShares Biotechnology ETF (IBB) eased 0.2%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) fell 0.7%. Vanguard Industrials Index Fund (VIS) lost 1%, while iShares US Industrials (IYJ) was 0.5% lower.CryptocurrencyIn midday activity, bitcoin (BTC-USD) dropped 3.3%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 3.3%, ProShares Ether ETF (EETH) lost 3.5%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 3.4% lower.

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

US Equity Indexes Sink as Big-Tech Craters in Midday Trading

US equity indexes slumped after midday on Tuesday amid a sharp sell-off in technology, led by semiconductors.The Nasdaq Composite dropped 2.3% to 25,334.1, with the S&P 500 down 1.4% to 7,303.2, and the Dow Jones Industrial Average lower by 0.7% to 50,442.3 in Tuesday's midday trading.Technology and energy were standout decliners, down 3.4% and 2.3%, respectively. Marvell Technology (MRVL), Arm (ARM), and Qualcomm (QCOM) declined by at least 8.8% each, making them the worst-performing three stocks among companies with market capitalizations exceeding $200 billion, according to data compiled by Finviz.The real estate and consumer staples sectors led the gainers.West Texas Intermediate crude oil futures sank 4.6% to $87.13, and Brent crude futures dropped 4% to $90.52."Oil gave back most of Monday's gains after Israel and Iran halted hostilities that had threatened to derail already fragile efforts to secure a broader peace agreement in the Middle East," Saxo Bank wrote in a note. "US President Donald Trump, meanwhile, maintained his typically optimistic tone, saying negotiations are in the 'final throes' of what he expects will be a successful deal."Most US Treasury yields fell, with the 10-year down 2.2 basis points to 4.53% and the two-year dropping 3.4 basis points to 4.12%.

Dow JonesNasdaq CompositeS&P 500$ARM$MRVL$QCOM
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday Amid Inflation Data

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.9% in Tuesday's premarket activity, amid key inflation data releasing this week.US stock futures were also higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.8% before the start of regular trading.The US trade deficit narrowed to $55.9 billion in April from $56.6 billion in March, coming in slightly below economists' expectations of a $56.1 billion gap.The existing home sales data for May and the wholesale inventory data for April will be released at 10:00 am ET.In premarket action, bitcoin was down by 1.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1% lower, Ether ETF (EETH) retreated by less than 1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.05%, while the Vanguard Industrials Index Fund (VIS) retreated by 0.8% and the iShares US Industrials ETF (IYJ) was 0.9% higher.CECO Environmental (CECO) stock was up more than 10% before market open after the company said it now expects 2026 revenue of about $1.28 billion to $1.38 billion from its acquisition of Thermon Group, up from $940 million to $1 billion it projected previously.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.5%, the Vanguard Health Care Index Fund (VHT) was up 0.3%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 0.9% higher.IDEAYA Biosciences (IDYA) stock was down more than 7% premarket after the company said late Monday it priced an underwritten public offering expected to raise about $300 million in gross proceeds.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.7%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.7% lower.UBS Group (UBS) shares were up more than 2% pre-bell after Reuters reported that Swiss lawmakers are considering proposals that would reduce the capital burden facing UBS under planned banking reforms introduced after the collapse of Credit Suisse.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 1.3%, and the iShares US Technology ETF (IYW) was 1.1% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 2.6%, while the iShares Semiconductor ETF (SOXX) rose by 2.5%.Cipher Digital (CIFR) shares were up more than 3% in premarket activity, following a 8.2% rise at the prior close. The company said late Monday that its Stingray Compute unit has priced an $810 million private offering of 6.0% senior secured notes due 2031 at 99.75% of face value.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.1%. The iShares US Consumer Staples ETF (IYK) retreated by 0.3%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced 0.4%. The VanEck Retail ETF (RTH) increased by 0.7%, while the State Street SPDR S&P Retail ETF (XRT) was 0.5% higher.Carnival (CCL) shares were up more than 1% pre-bell after the company deployed Konami Gaming's Synkros casino management system across the Carnival Cruise Line fleet.EnergyThe iShares US Energy ETF (IYE) was down 0.9%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated by 0.5%.Uranium Energy (UEC) stock was down more than 4% before the opening bell after the company reported a wider fiscal Q3 net loss.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 1.9% to $89.57 per barrel on the New York Mercantile Exchange. Natural gas was up 0.8% to $3.17 per 1 million British Thermal Units. The United States Oil Fund (USO) lost 2%, while the United States Natural Gas Fund (UNG) was 1.1% higher.Gold futures for July advanced by 0.1% to $4,365.80 an ounce on the Comex. Silver futures fell by 0.2% to $68.48 an ounce. SPDR Gold Shares (GLD) was up by 0.3%, and the iShares Silver Trust (SLV) increased by 0.7%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$CCL$CECO$CIFR$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IDYA$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QQQ$RTH$SLV$SOXX$SPY$UBS$UEC$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Optimism on US-Iran Peace Deal

US equity futures were higher pre-bell Tuesday as oil prices receded on optimism that a US-Iran peace agreement could happen soon.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.8% higher.West Texas Intermediate crude oil dropped to below $90 a barrel as President Donald Trump said in a CNBC report that a deal to end the Middle East war could be reached in "two to three days," with the Strait of Hormuz reopening "immediately" after the agreement is signed. The two countries are nearing a deal "that will not in any way allow nuclear weapons," Trump said, according to the report.Front-month global benchmark North Sea Brent crude was down 1.5% to $92.85 per barrel and US West Texas Intermediate crude 2.1% lower at $89.39 per barrel.The US international trade deficit narrowed to $55.88 billion in April from the downwardly revised $56.59 billion gap in March, compared with a $56.1 billion gap expected in a survey compiled by Bloomberg.The existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 1.1% for May after a gain of 0.2% in the prior month.In other world markets, Japan's Nikkei closed 2.2% higher, Hong Kong's Hang Seng ended 0.4% lower, and China's Shanghai Composite finished 1.3% higher. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.5% higher in Europe's early afternoon session.In equities, Meta Platforms (META) stock was up 1% after a Reuters report that a probe on the use of AI tools on its messaging service WhatsApp was stopped by Italy's competition authority due to jurisdictional overlap with European Union regulators. Broadcom (AVGO) and Micron Technology (MU) shares rose 1.2% and 4.5%, respectively, as part of a broader rally in the tech sector. J.M. Smucker was up 4.7% after the company posted higher fiscal Q4 adjusted earnings and net sales.On the losing side, SailPoint (SAIL) shares fell more than 12% despite posting higher fiscal Q1 adjusted earnings and revenue. Sony (SONY) stock was down 2.6% after Nikkei Asia reported that the company will release a new flagship version of its Xperia smartphone with AI-enabled camera functions on Thursday.

Dow JonesNasdaq CompositeS&P 500$AVGO$META$MU$SAIL$SJM$SONY
Japan

US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Optimism on US-Iran Peace Deal

US equity futures rose pre-bell Tuesday as oil prices receded on optimism that a US-Iran peace agreement could happen soon.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.9% higher.West Texas Intermediate crude oil dropped under $90 a barrel as President Donald Trump said a deal to end the Middle East war could be reached in "two to three days," with the Strait of Hormuz reopening "immediately" after the agreement is signed. The two countries are nearing a deal "that will not in any way allow nuclear weapons," Trump told reporters after attending the NBA Finals in New York City.Traders observed the latest round of earnings, with J.M. Smucker (SJM) posting higher fiscal Q4 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.6% at $92.79 per barrel and US West Texas Intermediate crude 1.9% lower at $89.57 per barrel.The international trade in goods report, scheduled for release at 8:30 am ET, is expected to post a deficit narrowing to $56.1 billion from $60.3 billion in the prior month, according to estimates compiled by Bloomberg.The existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 1.1% for May after a gain of 0.2% in the prior month.

Dow JonesNasdaq CompositeS&P 500$SJM
Equities Rise Pre-Bell as Chip Stocks Extend Gains
US Markets

Equities Rise Pre-Bell as Chip Stocks Extend Gains

US equity futures were tracking in the green on Tuesday amid continued momentum in artificial intelligence and semiconductor stocks.The S&P 500 rose 0.4%, the Dow Jones Industrial Average gained 0.3% and the Nasdaq added 0.8% in premarket activity. The S&P 500 and the Nasdaq finished Monday trading higher, while the Dow closed in the red for a second consecutive session.OpenAI said on Monday it has confidentially filed for a potential initial public offering in the US, after similar moves last week by AI firm Anthropic and rocket and satellite company SpaceX.OpenAI hasn't decided on the timing of the IPO yet, according to a blog post. "It may be a while because there are things we want to do that are likely easier as a private company," the tech firm added.Shares of Qualcomm (QCOM) increased 2.8% pre-bell, while Intel (INTC) inclined 2.2% after an 11% jump at the close of Monday. Micron Technology (MU) added 4.1% following a 9.9% increase in the previous session, while Nvidia (NVDA) was up 0.7%. Advanced Micro Devices (AMD) gained 2.5% before the bell after closing the previous session up 5.1%, while Broadcom (AVGO) increased 1.1%."In our view, volatility in technology stocks is likely to continue, although the (artificial intelligence) investment boom appears robust," D.A. Davidson said in a report on Monday. "We continue to expect a broadening of gains supporting sector diversification in portfolios."West Texas Intermediate crude oil declined 2.1% to $89.37 a barrel before the opening bell, while Brent moved down 1.6% to $92.73.Iran and Israel reportedly suspended strikes against each other, although Tehran vowed to resume attacks if Israel continues to target Iran-backed Hezbollah in Lebanon. In a social media post, President Donald Trump said both Israel and Iran were "looking to do an immediate ceasefire.""Overall, the situation remains fragile, and for the oil market, the status quo holds: global inventories continue to draw, with analysts increasingly convinced that inventories will reach dangerously low levels by the end of June (if not sooner)," Tudor Pickering Holt Analyst Matt Portillo said in a note.Treasury yields were mixed in premarket action, with the two-year rate retreating 1.1 basis points to 4.15% while the 10-year rate rose 0.6 basis points to 4.56%.Tuesday's economic calendar has the international trade in goods and services report for April at 8:30 am ET, followed by the existing home sales report for May at 10 am. The National Federation of Independent Business small business optimism index posted a 0.6-point decrease for May to 95.3.J.M. Smucker (SJM), SailPoint (SAIL), United Natural Foods (UNFI) and Academy Sports and Outdoors (ASO) report their latest financial results before the bell, among others. Casey's General Stores (CASY) posts earnings after the markets close.Gold slipped 0.1% to $4,359 per troy ounce, while bitcoin fell 1.1% to $62,725.

Dow JonesNasdaq CompositeS&P 500$ASO$CASY$INTC$MU$NVDA$QCOM$SAIL$SJM$UNFI
International

Tech Bulls Prevail on Wall Street Pre-Bell; Asia, Europe Up

Wall Street futures pointed moderately higher pre-bell Tuesday as traders again leaned toward risk on for AI- and tech-shares.In the futures, the S&P 500 rose 0.4%, the Nasdaq inclined 0.7% and the Dow Jones was up 0.2%.The VanEck Semiconductor exchange-traded fund (SMH) traded up 1.6% pre-bell.West Texas Intermediate crude oil traded down 2.4% at $89.09, as the latest ceasefire iteration between Israel and Iran appeared to hold.Asian exchanges traded mostly higher overnight, taking part in the global tech revival. Seoul's KOSPI Index rose 8.2%, rebounding from the 8.3% decline logged on Monday.European bourses tracked moderately north midday on the continent.On the economic calendar is the international trade in goods and services bulletin for April at 8:30 am ET, followed by the existing home sales report for May at 10 am.In economic news, the NFIB Small Business Optimism Index fell in May to 95.3, down from 95.9 in April, and remained below its 52-year average of 98.0.In pre-market action, bitcoin traded at $62,736, and 10-year US Treasuries offered 4.56%. Spot gold commanded $4,333 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

US Equity Indexes Mixed Amid Big-Tech Gains as Iran, Israel Halt Strikes After Trump Calls for Ceasefire

US equity indexes were mixed as technology led sector charts, while President Donald Trump's diplomatic efforts to engineer a halt in strikes between Iran and Israel led to a retreat in crude oil prices from intraday highs.The Nasdaq Composite jumped 0.9% to 25,929.66, with the S&P 500 up 0.3% to 7,405.73, but the Dow Jones Industrial Average slipped 0.2% to 50,786.01 on Monday.All but three sectors fell at the close. Utilities, real estate, and materials led the decliners.Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel (INTC) as their backup manufacturer of advanced processors, as Taiwan Semiconductor Manufacturing (TSM) struggles to meet demand, The Information reported Monday, citing four people with direct knowledge of discussions. Intel jumped 11%, one of the top gainers in the S&P 500 and the Nasdaq.Cantor Fitzgerald adjusted its price target for Micron Technology (MU) to $1,500 from $700 while maintaining its overweight rating. Wells Fargo tuned its price objective for Micron to $1,220 from $550 and kept its overweight rating. Shares of Micron were up 9.9%, making it one of the biggest outperformers in the S&P 500 and the Nasdaq.Israel and Iran are "looking to do an immediate CEASEFIRE," CNN cited President Donald Trump as saying, after an overnight exchange of strikes between the two warring countries risked the fragile April truce brokered by the US."Final negotiations on 'Peace' are proceeding, subject to ignorance or stupidity getting in its way," Trump said on Truth Social. "The Blockade will remain in place, and in full force and effect, until a 'Final Deal' is reached. Things should move quickly."Israel has halted attacks on Iran, Israeli Prime Minister Benjamin Netanyahu said, stopping short of acknowledging a ceasefire, CNN reported. Iran has also suspended its operations against Israel, but warned it would resume if strikes in southern Lebanon continue, the news report added.A situation of "no deal, no war" between the US and Iran may not be able to last indefinitely, Thierry Wizman, a global foreign-exchange and rates strategist at Macquarie, said in a note."If a US-Iran deal is not reached - presumably via concessions made by both sides - then the prospect is that a new round of large-scale kinetic warfare will resume," Wizman said in the note. "According to most estimates, operational depletion [for inventories] could be reached in H2."West Texas Intermediate crude oil futures rose 0.8% to $91.25, and Brent crude futures climbed 1.2% to $94.16. Earlier in the session, crude oil futures were up more than 4% each amid reports of an overnight escalation between Iran and Israel.Most US Treasury yields rose, with the 10-year up 2.8 basis points to 4.56% while the two-year leaned slightly higher to 4.17%.In precious metals, gold futures fell 0.3% to $4,351.50, while silver futures declined 1.3% to $68.24.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$INTC$MU$NVDA$TSM
Tech-Heavy Nasdaq Snaps 3-Day Losing Streak
US Markets

Tech-Heavy Nasdaq Snaps 3-Day Losing Streak

The Nasdaq Composite rose Monday following a three-day slump, buoyed by the technology sector's rebound.The tech-heavy Nasdaq Composite rose 0.9% to 25,929.7, while the S&P 500 added 0.3% to 7,405.5. The Dow Jones Industrial Average lost 0.2% to 50,786.01, closing lower for a second consecutive session. Most sectors were in the red, led by utilities, while tech paced the gainers with a 1.5% rise.Chipmaker Intel (INTC) climbed 11%, the top performer on the S&P 500, followed by Micron Technology (MU), which jumped 9.9%. Cisco Systems (CSCO) rose 2.1%, the best performer on the Dow. Nvidia gained 1.7%.The tech sector shed 5.8% on Friday."In our view, volatility in technology stocks is likely to continue, although the (artificial intelligence) investment boom appears robust," D.A. Davidson said in a report on Monday. "We continue to expect a broadening of gains supporting sector diversification in portfolios."Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand, The Information reported, citing unnamed sources.Taiwan Semiconductor shares were up 2.8%.West Texas Intermediate crude oil was up 0.8% at $91.22 a barrel in Monday late-afternoon trade, while Brent rose 1.2% to $94.22, but both benchmarks were off session highs.Iran and Israel suspended strikes against each other. However, Tehran vowed to resume attacks if Israel continues to target Iran-backed Hezbollah in Lebanon, according to a CNBC report.Israel and Iran were looking for an "immediate" ceasefire, US President Donald Trump said Monday."Overall, the situation remains fragile, and for the oil market, the status quo holds: global inventories continue to draw, with analysts increasingly convinced that inventories will reach dangerously low levels by the end of June (if not sooner)," Tudor Pickering Holt Analyst Matt Portillo said in a note.US Treasury yields were higher, with the 10-year rate last up four basis points at 4.56%, and the two-year rate rising 1.9 basis points to 4.17%.In economic news, US consumers' short-term inflation expectations decreased in May, while the labor market outlook "deteriorated somewhat," a survey by the Federal Reserve Bank of New York showed Monday.Gold was down 0.2% at $4,358.50 per troy ounce, while silver dropped 0.9% to $68.50 per ounce.

Dow JonesNasdaq CompositeS&P 500$CSCO$GOOG$GOOGL$INTC$MU$NVDA$TSM
International

US Equity Markets Mixed After Trump Manages to Keep Ceasefire Intact

US equity indexes were mixed on Monday after technology stocks rose and President Donald Trump managed to keep the Iran ceasefire intact, while negotiations to reach a peace deal with Tehran remain halted.* Consumer expectations for one-year US inflation growth was 3.5% in May, down from 3.6% in April, according to a survey released by the New York Federal Reserve Bank on Monday.* Israel and Iran must immediately stop "shooting," Trump said in a Truth Social post. Israel accepted the US request to halt strikes on Iran but will continue attacks on southern Lebanon, sources told CNN. Iran has suspended its operations on Israel, but warned it would resume if strikes in southern Lebanon continue, the news report said Monday.* July West Texas Intermediate crude oil rose $0.65 to settle at $91.19 per barrel, while August Brent crude, the global benchmark, was last seen up $1.05 at $94.15.* Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) turned to Intel (INTC) as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand, The Information reported Monday. Intel shares were up roughly 11%, the top gainer on the S&P 500.* Ciena (CIEN) shares were down 5%, the steepest decline on the S&P 500, after the company said it planned a private offering of $2 billion of convertible senior notes due 2031.

Dow JonesNasdaq CompositeS&P 500$CIEN$GOOG$GOOGL$INTC$NVDA$TSM
Japan

US Equity Indexes Mixed as Big-Tech Marches Higher, Trump Engineers Halt to Iran-Israel's Exchange of Strikes

US equity indexes traded mixed as technology topped sector charts, while President Donald Trump's efforts to halt strikes between Iran and Israel helped crude oil retreat from intraday highs.The Nasdaq Composite jumped 0.9% to 25,937.1, with the S&P 500 up 0.4% to 7,409.9, but the Dow Jones Industrial Average slipped 0.1% to 50,804.5 ahead of Monday's close.Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel (INTC) as their backup manufacturer of the most advanced processors, as Taiwan Semiconductor Manufacturing (TSM) struggles to meet demand, The Information reported Monday, citing four people with direct knowledge of discussions. Intel jumped 10%, one of the top gainers in the S&P 500 and the Nasdaq.Cantor Fitzgerald adjusted its price target for Micron Technology (MU) to $1,500 from $700 while maintaining its overweight rating. Wells Fargo tuned its price objective for Micron to $1,220 from $550 and kept its overweight rating. Shares of Micron were up 8.9%, making it one of the biggest outperformers in the S&P 500 and the Nasdaq.Israel and Iran are "looking to do an immediate CEASEFIRE," CNN cited President Donald Trump as saying, after an overnight exchange of strikes between the two warring countries risked the fragile April truce brokered by the US."Final negotiations on 'Peace' are proceeding, subject to ignorance or stupidity getting in its way," Trump said on Truth Social. "The Blockade will remain in place, and in full force and effect, until a 'Final Deal' is reached. Things should move quickly."Israel has halted attacks on Iran, Israeli Prime Minister Benjamin Netanyahu said, stopping short of acknowledging a ceasefire, CNN reported. Iran has also suspended its operations against Israel, but warned it would resume if strikes in southern Lebanon continue, the news report added.West Texas Intermediate crude oil futures rose 1% to $91.47, and Brent crude futures climbed 1.4% to $94.41. Earlier in the session, crude oil futures were up more than 4% each amid reports of an overnight escalation between Iran and Israel.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$INTC$MU$NVDA$TSM
Equities Mostly Rise Intraday as Tech Jumps, Markets Monitor Middle East Developments
US Markets

Equities Mostly Rise Intraday as Tech Jumps, Markets Monitor Middle East Developments

US benchmark equity indexes were mostly higher intraday as the technology sector jumped, while Iran reportedly suspended military operation against Israel.The tech-heavy Nasdaq Composite was up 1.1% at 25,987.8 after midday Monday, while the S&P 500 rose 0.5% to 7,419.6. The Dow Jones Industrial Average lost 0.1% to 50,812.9. Friday's sell-off saw the Nasdaq post its biggest one-day decline since April 2025, while the Dow pulled back from a record high.Among sectors, tech paced the gainers intraday Monday, advancing by 2%, while utilities saw the biggest drop.Shares of certain chipmakers were notable gainers, with Intel (INTC) up nearly 11%, the top performer on the S&P 500. Micron Technology (MU) followed Intel on the index, rising 9.4%.Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand, The Information reported, citing unnamed sources.Taiwan Semiconductor shares were up 3%.Cisco Systems (CSCO) rose 3%, the best performer on the Dow, followed by Nvidia's 1.8% gain.West Texas Intermediate crude oil was up 0.5% at $90.95 a barrel intraday, while Brent rose 1.2% to $94.23, but both benchmarks were off session highs.Iran has suspended strikes against Israel, the former's Ministry of Foreign Affairs told CNBC Monday. The two countries traded strikes on Sunday night, according to reports."Iran's restraint is a positive for diplomacy," Tudor Pickering Holt said in a note.However, Iran vowed to resume attacks if Israel continues to target Iran-backed Hezbollah in Lebanon, according to the CNBC report.Israel and Iran were looking for "an immediate ceasefire," US President Donald Trump said Monday."Final negotiations on 'peace' are proceeding, subject to ignorance or stupidity getting in its way," Trump said in a social media post. "The blockade (against Iran) will remain in place, and in full force and effect, until a 'final deal' is reached. Things should move quickly.""Despite repeated optimism from the US administration, a lasting peace agreement appears increasingly elusive," Saxo Bank said in a report. "The near-closure of the Strait of Hormuz continues to tighten global energy markets, with several oil majors warning that the window before physical shortages begin to emerge may be measured in weeks rather than months."US Treasury yields were mixed intraday, with the 10-year rate up 1.2 basis points at 4.55%, and the two-year rate falling one basis point to 4.16%.Ciena (CIEN) shares were down 5%, the steepest decline on the S&P 500, as the company said it planned a private offering of $2 billion of convertible senior notes due 2031.Oracle (ORCL) and Adobe (ADBE) are scheduled to report their latest financial results later this week, along with others.Gold was down 0.2% at $4,358.50 per troy ounce, while silver dropped 0.9% to $68.50 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADBE$CIEN$CSCO$GOOG$GOOGL$INTC$MU$NVDA$ORCL$TSM
Asia Markets

US Equity Indexes Mixed as Trump's Call to Halt Iran-Israel Strikes Yields Results, Ceasefire Remains at Risk

US equity indexes traded mixed, as technology topped sector charts after President Donald Trump's efforts to keep the Iran ceasefire intact produced results, while negotiations to reach a peace deal with Tehran remain stalled.The Nasdaq Composite jumped 1.1% to 25,991.2, with the S&P 500 up 0.5% to 7,417.3, but the Dow Jones Industrial Average slipped 0.1% to 50,817.6 in Monday's midday trading. Utilities, communication services, and materials led the decliners.Israel and Iran must immediately stop "shooting," Trump said in a Truth Social post.Israel accepted the US request to halt strikes on Iran but will continue attacks on southern Lebanon, sources told CNN. Iran has suspended its operations on Israel, but warned it would resume if strikes in southern Lebanon continue, the news report said Monday.The Israel Defense Forces said that the Israeli Air Force hit military targets in western and central Iran, according to a post on X. Meanwhile, Iran's military reportedly said it targeted two Israeli air bases in retaliation."If a US-Iran deal is not reached - presumably via concessions made by both sides - then the prospect that a new round of large-scale kinetic warfare will resume," Thierry Wizmna, a global foreign-exchange and rates strategist at Macquarie, said in a note. "According to most estimates, operational depletion [for inventories] could be reached in H2 2026."West Texas Intermediate crude oil futures rose 0.9% to $91.36, and Brent crude futures climbed 1.6% to $94.54. Earlier in the session, crude oil futures were up more than 4% each amid reports of an overnight escalation between Iran and Israel.Most US Treasury yields rose, with the 10-year up two basis points to 4.56% while the two-year was unchanged at 4.16%.In precious metals, gold futures were steady at $4,367.2, while silver futures slipped 0.4% to $68.81.In company news, Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel (INTC) as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand, The Information reported Monday, citing four people with direct knowledge of the discussions. Shares of Intel jumped 13%, making it one of the top gainers in the S&P 500.Cantor Fitzgerald adjusted its price target on Micron Technology's (MU) shares to $1,500 from $700 while maintaining its overweight rating. Wells Fargo adjusted its price objective for Micron to $1,220 from $550, while keeping its overweight rating on the stock. Shares of Micron were up 13%, making it one of the biggest outperformers in the S&P 500 and the Nasdaq.In economic news, consumer expectations for one-year US inflation growth was 3.5% in May, down from 3.6% in April, according to a survey released by the New York Federal Reserve Bank on Monday. The median inflation growth expectations remained unchanged at 3.1% three years ahead and 3.0% five years forward.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$INTC$MU$NVDA$TSM
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 2%.US equity indexes rose, with technology and energy leading the gainers, as President Donald Trump's efforts to keep the Iran ceasefire intact produced some results.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each gained about 1.1%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) added 2.9%; iShares US Technology ETF (IYW) rose 2.3%, and iShares Expanded Tech Sector ETF (IGM) was up 2.3%.The State Street SPDR S&P Semiconductor (XSD) climbed up 5.4%, and iShares Semiconductor (SOXX) added 6.6%.FinancialThe State Street Financial Select Sector SPDR (XLF) slipped 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.5%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 0.7%.CommoditiesCrude oil rose 0.9%, and the United States Oil Fund (USO) added 1.7%. Natural gas dipped 3.1%, and the United States Natural Gas Fund (UNG) shed 2.7%.Gold on Comex rose fractionally, and the State Street SPDR Gold Shares (GLD) added 0.7%. Silver declined 0.5%, and iShares Silver Trust (SLV) was up 0.9%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was down 0.4%. The Vanguard Consumer Staples ETF (VDC) fell 0.1%, and iShares Dow Jones US Consumer Goods (IYK) shed 0.7%.The State Street Consumer Discretionary Select Sector SPDR (XLY) rose 0.7%. VanEck Retail ETF (RTH) fell fractionally, and the State Street SPDR S&P Retail (XRT) advanced 1.8%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) shed 0.2%, iShares US Healthcare (IYH) fell 0.2%, and Vanguard Health Care ETF (VHT) was down 0.2%. IShares Biotechnology ETF (IBB) dropped 0.9%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) slipped 0.1%. Vanguard Industrials Index Fund (VIS) added 0.1%, while iShares US Industrials (IYJ) fell 0.1%.CryptocurrencyIn midday activity, bitcoin (BTC-USD) rose 2.6%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) climbed up 5.1%, ProShares Ether ETF (EETH) advanced 7.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 5.8% 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
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday as Chip Stocks Rebound

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4%, and the actively traded Invesco QQQ Trust (QQQ) advanced 0.9% in Monday's premarket activity, as semiconductor shares rebound from Friday's selloff.US stock futures were also higher, with S&P 500 Index futures up 0.8%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 1.4% before the start of regular trading.The New York Fed's inflation expectations report for May will be released at 11 am ET.In premarket action, bitcoin was up by 3.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.4% higher, Ether ETF (EETH) advanced 6.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 0.01%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.6%, while the Vanguard Industrials Index Fund (VIS) was up 0.8% and the iShares US Industrials ETF (IYJ) was inactive.Graham (GHM) stock was down more than 7% before the opening bell after the company reported lower fiscal Q4 adjusted net income.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 1.8%, and the iShares US Technology ETF (IYW) was 1.8% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1.8%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 3.8%, while the iShares Semiconductor ETF (SOXX) rose by 4.1%.Nvidia (NVDA) shares were up more than 2% in premarket activity after dropping by 6.2% on Friday. The company will expand artificial intelligence infrastructure in South Korea, beginning with a 55-megawatt deployment at Naver's GAK Sejong data center. The chipmaker also closed a multi-year deal with SK hynix to design future generations of artificial intelligence memory hardware.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.8%. The iShares US Consumer Staples ETF (IYK) advanced by 0.1%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.8%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) rose by 1%.Ingredion (INGR) shares were up 0.8% pre-bell after the company said it has launched an all-cash tender offer to acquire Tate & Lyle, valuing the specialty ingredients company at about 3.7 billion British pounds ($5 billion).HealthcareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%, the Vanguard Health Care Index Fund (VHT) was down 0.2%, while the iShares US Healthcare ETF (IYH) slipped 0.2%. The iShares Biotechnology ETF (IBB) was 0.2% higher.Eli Lilly (LLY) stock was up more than 1% premarket after the drugmaker said its experimental obesity drug retatrutide delivered significant weight loss in two clinical studies and showed "meaningful" improvements in knee osteoarthritis pain and sleep apnea.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.4% lower.Blackstone (BX) shares were up 0.4% pre-bell after closing Friday with a 2.7% fall. The Financial Times reported the company is preparing to offload more than $2 billion in private fund stakes through a structured bond deal.EnergyThe iShares US Energy ETF (IYE) was up 0.7%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.7%.Eni (E) stock was up nearly 1% before the opening bell, following a 1.1% decline in the prior trading session. Petronas and Eni said they have launched a new 50/50 joint venture called Searah that will combine businesses across Indonesia and Malaysia.CommoditiesFront-month US West Texas Intermediate crude oil gained by 0.9% to $91.33 per barrel on the New York Mercantile Exchange. Natural gas was down 2.9% to $3.13 per 1 million British Thermal Units. The United States Oil Fund (USO) advanced by 2%, while the United States Natural Gas Fund (UNG) was 2.4% lower.Gold futures for July retreated by 0.3% to $4,354.00 an ounce on the Comex. Silver futures declined by 0.7% to $68.60 an ounce. SPDR Gold Shares (GLD) was up by 0.2%, and the iShares Silver Trust (SLV) increased by 0.5%.

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

US Equity Futures Higher Pre-Bell as Trump Tries to Keep Fragile Middle East Ceasefire Intact Amid New Israel-Iran Clashes

US equity futures were edging higher pre-bell Monday as President Donald Trump tried to hold together the fragile Middle East ceasefire after Israel and Iran exchanged attacks over the past few days.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.4% higher.In a post on Truth Social, Trump said that Israel and Iran were looking to do an "immediate" ceasefire after the two nations exchanged a series of attacks. Israeli forces on Sunday had launched strikes on Iran-backed Hezbollah forces inside Beirut, Lebanon, and Iran had retaliated with missile attacks. "The Blockade will remain in place, and in full force and effect, until a 'Final Deal' is reached," Trump said.The US imposed a blockade of Iranian ports after Iran barred transit of ships in the Strait of Hormuz.Oracle (ORCL) and Adobe (ADBE) are among the companies scheduled to release quarterly financial results within the week.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.8% at $94.74 per barrel and US West Texas Intermediate crude 1.4% higher at $91.82 per barrel.The NY Federal Reserve's June consumer inflation expectations index is scheduled to be released at 11 am ET.In other world markets, Japan's Nikkei closed 3.9% lower, Hong Kong's Hang Seng ended 1.2% lower, and China's Shanghai Composite finished 1.7% lower. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.3% lower in Europe's early afternoon session.In equities, Nvidia (NVDA) shares rose 2.4% after a Bloomberg report cited company CEO Jensen Huang as saying that a global technology stock selloff was an opportunity to purchase shares at a discount. Eli Lilly (LLY) stock was up 1.7% after the drugmaker said its experimental obesity drug retatrutide delivered significant weight loss in two clinical studies and showed "meaningful" improvements in knee osteoarthritis pain and sleep apnea. Advanced Micro Devices (AMD) stock was up 3.7% after the company said it plans to invest up to 2 billion British Pounds ($2.7 billion) in the UK over the next five years to accelerate artificial intelligence research.On the losing side, Haleon (HLN) shares dropped 1% after the company said it plans to invest about 175 million pounds ($233.1 million) to build a new oral health manufacturing facility in Madhya Pradesh and expand distribution across rural India.

Dow JonesNasdaq CompositeS&P 500$ADBE$AMD$HLN$LLY$NVDA$ORCL
Japan

US Equity Futures Higher Pre-Bell as Trump Tries to Keep Fragile Middle East Ceasefire Intact Amid New Israel-Iran Clashes

US equity futures were higher pre-bell Monday as President Donald Trump tried to hold together the fragile Middle East ceasefire after Israel and Iran exchanged attacks over the past few days.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 1.2% higher.In a post on Truth Social, Trump said that Israel and Iran were looking to do an "immediate" ceasefire after the two nations exchanged a series of attacks. Israeli forces on Sunday had launched strikes on Iran-backed Hezbollah forces inside Beirut, Lebanon, and Iran had retaliated with missile attacks. "The Blockade will remain in place, and in full force and effect, until a 'Final Deal' is reached," Trump said.The US imposed a blockade of Iranian ports after Iran barred transit of ships in the Strait of Hormuz.Oracle (ORCL) and Adobe (ADBE) are among the companies scheduled to release quarterly financial results within the week.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.3% at $94.26 per barrel and US West Texas Intermediate crude 1% higher at $91.44 per barrel.The NY Federal Reserve's June consumer inflation expectations index is scheduled to be released at 11 am ET.

Dow JonesNasdaq CompositeS&P 500$ADBE$ORCL
Stocks Mostly Up Pre-Bell as Traders Assess Renewed Middle East Tensions, Await Key Inflation Data
US Markets

Stocks Mostly Up Pre-Bell as Traders Assess Renewed Middle East Tensions, Await Key Inflation Data

The benchmark US stock measures were mostly pointing higher before the opening bell Monday as investors weigh tensions after Iran and Israel exchanged strikes and await key inflation data later this week.The S&P 500 increased 0.4% and the Nasdaq added 0.8% in premarket activity, while the Dow Jones Industrial Average edged down less than 0.1%. The indexes finished Friday's trading session in the red, with the Nasdaq reportedly recording its biggest one-day decline since April 2025.Iran launched a fresh wave of airstrikes against Israel on Monday, Bloomberg News reported. Israel responded with strikes on military targets in western and central Iran, while Iranian state media reported multiple explosions in Tehran, according to Bloomberg.Tensions between the two countries escalated after Iran launched missiles toward Israel over the weekend in retaliation for Israeli strikes on the southern suburbs of Beirut, Lebanon.President Donald Trump told Israeli Prime Minister Benjamin Netanyahu not to retaliate against Iran's attack and allow time for more diplomacy, Axios reported Sunday, citing a senior US official and an Israeli source.An Iranian official involved in the discussions between Washington and Tehran told MS NOW that a peace deal with Trump is "no longer feasible" after the latest exchange of fire.West Texas Intermediate crude oil jumped 3.8% to $94.02 a barrel before the open, while Brent gained 3.6% to $96.43.With no major economic reports scheduled for Monday, traders will turn their attention to the consumer price index for May on Wednesday, followed by data on wholesale prices for the same month on Thursday.On Friday, the Bureau of Labor Statistics reported that total nonfarm payrolls in the US rose by 172,000 in May, nearly double the 88,000 increase expected in a Bloomberg-compiled survey.Treasury yields were trending upwards in premarket action, with the two-year rate rising 0.2 basis points to 4.16% and the 10-year rate inclining 1.8 basis points to 4.55%.Eli Lilly's (LLY) shares advanced 3.9% pre-bell after the drugmaker said its investigational drug for obesity, retatrutide, showed "substantial" weight loss in two clinical studies, as well as "meaningful" improvements in knee osteoarthritis pain and sleep apnea.Oracle (ORCL) and Adobe (ADBE) are scheduled to report their latest financial results later this week. Campbell's (CPB) posts its earnings before the bell Monday.Gold declined 0.9% to $4,325 per troy ounce, while bitcoin climbed 2.9% to $63,118.

Dow JonesNasdaq CompositeS&P 500$ADBE$CPB$LLY$ORCL
International

Bargain Hunting Lifts Wall Street Pre-Bell; Asia, Europe Off

Wall Street futures pointed moderately higher pre-bell Monday, as traders sought values after last week's tech-sector rout and shrugged off media reports of fresh hostilities in the Persian Gulf.In the futures, the S&P 500 rose 0.4%, the Nasdaq inclined 0.7%, although the Dow Jones was off 0.1%.The VanEck Semiconductor Exchange Traded Fund (SMH) was up 2.3% in pre-bell trades.Asian exchanges traded solidly lower overnight, with Seoul's tech-heavy KOSPI Index declining by 8.3%, while Tokyo's Nikkei 225 fell 3.8%.European bourses tracked moderately south midday on the continent.Investors this week are looking forward to the May consumer price index (CPI) bulletin on Wednesday for clues to the direction of Federal Reserve monetary policy.Campbell's (CPB) plans to report earnings pre-bell, among others.Oracle (ORCL), Adobe (ADBE), and Lennar (LEN) are scheduled to release quarterly results later this week.On the economic calendar is the NY Federal Reserve's June consumer inflation expectations index, at 11 am ET.In pre-market action, bitcoin traded at $63,089, West Texas Intermediate crude oil traded up 3.5% at $93.69, and 10-year US Treasuries offered 4.55%. Spot gold commanded $4,302 an ounce.

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