FINWIRES · TerminalLIVE
FINWIRES

S&P 500 Index

S&P 500
IndexIndex

1,497 stories mentioning S&P 500 IndexUpdated just now

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

What's the latest news on S&P 500 Index?

Update: Equity Markets Rise Intraday as Traders Track Middle East Developments
US Markets

Update: Equity Markets Rise Intraday as Traders Track Middle East Developments

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday and oil prices dropped as traders tracked conflicting messaging around the Iran war.The S&P 500 and the Dow Jones Industrial Average were up 0.3% each at 7,565.9 and 52,635 after midday Friday. The Nasdaq Composite rose 0.2% to 26,264.7. Among sectors, materials paced the gainers, while healthcare saw the steepest decline.West Texas Intermediate crude oil was down 1.1% at $71.29 per barrel intraday, while Brent fell 0.6% to $75.83.US crude futures were on track for their first weekly advance following four consecutive weekly declines. Brent prices were headed for their second straight weekly rise.President Donald Trump said Friday that the US agreed to continue negotiations with Iran, although he reiterated that their ceasefire is over.Hostilities between the two countries resumed in recent days, weeks after they signed a memorandum of understanding to end their war.Qatari negotiators travelled to Iran, seeking to de-escalate the situation in a trip planned in coordination with the US, CNN reported Friday, citing a diplomat with knowledge of the visit."With oil prices softening following the mid-week spike, traders appear to view the latest tensions as a challenge to the ceasefire rather than a complete breakdown," Saxo Bank said in a report Friday. "Traffic through the Strait of Hormuz remains low, with no large commodity-laden vessels seen transiting."The International Energy Agency on Friday projected a smaller decline in global oil demand in 2026 amid signs of a rebound in consumption as crude flows improve.US Treasury yields were higher intraday, with the two-year rate up 4.4 basis points at 4.21% and the 10-year rate rising 2.4 basis points to 4.56%.In company news, SK Hynix (SKHY, SKHYV) American depositary shares opened trade at $170 in their debut on the Nasdaq Friday, and rose to as high as $177. The South Korean memory semiconductor company priced its initial public offering 177.9 million ADS at $149 apiece.Meta Platforms (META) jumped 5%, the top gainer on the S&P 500. The Facebook parent is aiming to start the production of artificial intelligence chips from September, Reuters reported Thursday, citing an internal memo.Gold slipped 0.6% to $4,114.60 per troy ounce, while silver lost 0.9% to $60.18 per ounce.

Dow JonesNasdaq CompositeS&P 500$META$SKHY$SKHYV
Asia Markets

Update: US Equity Indexes Rise, Crude Oil Extends Declines as Diplomatic Channels Reopen for Iran Talks

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes rose on a data-light Friday, while crude oil declined as Washington replaced air strikes on Iran with diplomatic engagements, an exercise President Donald Trump appears to have ordered as retribution for the Islamic Republic hitting maritime traffic in the Strait of Hormuz.The Nasdaq Composite edged up 0.2% to 26,266.3, with the Dow Jones Industrial Average up 0.3% to 52,622.8 and the S&P 500 higher by 0.3% to 7,566.4 after midday. All but three sectors, healthcare, energy, and real estate, advanced intraday. Materials led the gainers.The CBOE Volatility Index, also known as the fear gauge, dropped 3.6% to 15.27.Talks between the US and Iran over a permanent peace deal are continuing, Bloomberg reported, citing an American official. The US is still committed to finding a diplomatic solution with Iran, the official told Bloomberg on Thursday. The official described the ongoing discussions as technical talks.A diplomat told CNN that Qatari negotiators have traveled to Iran to meet officials there. Qatari mediators are in touch with US officials, including the special envoys, Jared Kushner and Steve Witkoff, Middle Eastern broadcaster Al Jazeera reported. US Vice President JD Vance is also involved in the talks, the Al Jazeera report said.Meanwhile, President Trump said Tehran and US agreed to continue talks, but he communicated to Iran that the ceasefire is "over," Al Jazeera reported, citing a social media post from the president.The front-month global benchmark North Sea Brent retreated 0.7% to $75.79 a barrel, while the US West Texas Intermediate dropped 1.1% to $71.27 a barrel, extending declines from Thursday.Most US Treasury yields rose, with the 10-year up 1.8 basis points to 4.56% and the two-year climbing four basis points to 4.2%.In precious metal markets, gold futures fell 0.4% to $4,124.4, and silver futures declined 0.7% to $60.34.The International Energy Agency on Friday projected a smaller decline in global oil demand in 2026 amid signs of a rebound in consumption as crude flows improve."A recovery in world oil demand is underway, with consumption set to rise from its May nadir on seasonal trends and as pent-up demand is released in line with a rebound in product supplies," the IEA said in its latest monthly oil market report. "The upswing in fuel use during the peak summer travel season is set to get an additional boost from the release of pent-up demand."In company news, SK Hynix (SKHY, SKHYV) said Friday that it has listed its American depositary receipts on Nasdaq. The company said in a regulatory filing Friday that it is offering 177.9 million American depositary shares at $149 apiece, potentially raising total proceeds of $26.51 billion.Shares of Meta Platforms (META) jumped 5%, the top gainer on the S&P 500 and the Nasdaq, after a Bloomberg report cited Chief Executive Mark Zuckerberg as saying the company is considering renting out some of its artificial intelligence compute as demand for AI infrastructure surges.

Dow JonesNasdaq CompositeS&P 500$META$SKHY$SKHYV
Asia Markets

Exchange-Traded Funds, US Equities Mixed After Midday Friday

Broad Market IndicatorsBroad-market exchange-traded fund IWM fell and IVV rose. Actively traded Invesco QQQ Trust (QQQ) added 0.3%.US equity indexes traded mixed on a data-light Friday, while crude oil fell as Washington said it remains committed to finding a diplomatic solution for Iran.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each lost about 0.6%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 0.1%; iShares US Technology ETF (IYW) rose 0.2%, and iShares Expanded Tech Sector ETF (IGM) was up 0.2%.The State Street SPDR S&P Semiconductor (XSD) declined 0.8%, and iShares Semiconductor (SOXX) fell 0.2%.FinancialThe State Street Financial Select Sector SPDR (XLF) rose 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 0.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.1%.CommoditiesCrude oil dipped 1.2%, and the United States Oil Fund (USO) fell 0.9%. Natural gas lost 3.1%, and the United States Natural Gas Fund (UNG) was down 2.6%.Gold on Comex dipped 0.5%, and the State Street SPDR Gold Shares (GLD) eased 0.4%. Silver was down 0.7%, and iShares Silver Trust (SLV) was 0.2% lower.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) added 0.9%. The Vanguard Consumer Staples ETF (VDC) rose 1%, and iShares Dow Jones US Consumer Goods (IYK) was up 0.5%.The State Street Consumer Discretionary Select Sector SPDR (XLY) rose 0.8%. VanEck Retail ETF (RTH) added 0.4%, and the State Street SPDR S&P Retail (XRT) gained 1.6%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) fell 1%, iShares US Healthcare (IYH) lost 1.3%, and Vanguard Health Care ETF (VHT) was down 1.2%. IShares Biotechnology ETF (IBB) was down 3%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 0.6%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) added 1.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) gained 1.5%, ProShares Ether ETF (EETH) rose 1.9%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 1.5% higher.

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

Update: US Equity Indexes Mixed in Midday Trading While Crude Oil Extends Declines

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes traded mixed on a data-light Friday, while crude oil fell as Washington said it remains committed to finding a diplomatic solution for Iran.The Nasdaq Composite was little changed at 26,203.7 after midday. The Dow Jones Industrial Average rose 0.2% to 52,609.9, and the S&P 500 edged up 0.1% to 7,553.7.All but three sectors, health care, technology, and real estate, advanced intraday. Materials led the gainers.Talks between the US and Iran over a permanent peace deal are continuing, Bloomberg reported, citing an American official, despite two days of clashes that threatened to shatter a ceasefire. The US is still committed to finding a diplomatic solution with Iran, the official told Bloomberg on Thursday. The official described the ongoing discussions as technical talks.The front-month global benchmark North Sea Brent retreated 0.9% to $75.59 a barrel, while the US West Texas Intermediate dropped 1.3% to $71.14 a barrel, extending declines from Thursday.In company news, SK Hynix (SKHY, SKHYV) said Friday that it has listed its American depositary receipts on Nasdaq. The company said in a regulatory filing Friday that it is offering 177.9 million American depositary shares at $149 apiece, potentially raising total proceeds of $26.51 billion.

Dow JonesNasdaq CompositeS&P 500$SKHY$SKHYV
Commodities

Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Friday Amid Renewed US-Iran Tensions Ahead of Q2 Earnings Season

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.03%, and the actively traded Invesco QQQ Trust (QQQ) retreated by 0.4% in Friday's premarket activity, as markets traded mixed amid renewed US-Iran tensions ahead of the Q2 earnings season.US stock futures were also mixed, with S&P 500 Index futures down 0.1%, Dow Jones Industrial Average futures gaining 0.1%, and Nasdaq futures retreating 0.5% before the start of regular trading.In premarket action, bitcoin was up by 1.9%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.1% higher, Ether ETF (EETH) advanced 3.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 1.9%.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.3% lower.Circle Internet Group (CRCL) shares traded up 13% in early hours activity after the company said it received approval from the Office of the Comptroller of the Currency to establish First National Digital Currency Bank, which will operate under the name Circle National Trust.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.3%, the Vanguard Industrials Index Fund (VIS) was flat, and the iShares US Industrials ETF (IYJ) was inactive.EquipmentShare.com (EQPT) stock was up more than 10% before the opening bell after the company said late Thursday it now expects revenue to be in a range of $5.25 billion to $5.68 billion for 2026, up from its previous guidance of $5.15 billion to $5.58 billion.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.4%, the Vanguard Health Care Index Fund (VHT) was up 0.6%, while the iShares US Healthcare ETF (IYH) slipped 1.3%. The iShares Biotechnology ETF (IBB) was 0.1% higher.Mesoblast (MESO) stock was up more than 4% premarket after the company reported late Thursday that sales of its steroid-refractory acute graft-versus-host disease treatment, Ryoncil, totaled $36 million in fiscal Q4.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.6%, and the iShares US Technology ETF (IYW) was 0.02% lower, while the iShares Expanded Tech Sector ETF (IGM) was flat. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) fell 1.8%, while the iShares Semiconductor ETF (SOXX) was down 1.6%.ChipMOS Technologies (IMOS) shares were up more than 3% in premarket activity after the company said that its Q2 revenue rose 28.7% year over year to 7.38 billion New Taiwan dollars ($231.8 million), marking its highest quarterly revenue since 2014.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat, and the iShares US Consumer Staples ETF (IYK) was down 0.5%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.3% higher.XPeng (XPEV) shares were up 1% pre-bell after the company said it has started employee testing of its Robotaxi platform.EnergyThe iShares US Energy ETF (IYE) was flat, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.5%.BW LPG (BWLP) stock was up more than 1% before market open after the company said its BW LPG India subsidiary has agreed to sell BW Elm vessel to an unnamed buyer for cash proceeds of $64 million.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 0.4% to $72.33 per barrel on the New York Mercantile Exchange. Natural gas was down by 1.4% to $2.97 per 1 million British Thermal Units. The United States Oil Fund (USO) retreated by 0.4%, while the United States Natural Gas Fund (UNG) was 1.6% lower.Gold futures for July fell 0.8% to $4,107.70 an ounce on the Comex. Silver futures retreated by 1.3% to $59.95 an ounce. SPDR Gold Shares (GLD) decreased 0.5%, and the iShares Silver Trust (SLV) was 0.5% lower.

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

Update: US Equity Futures Mixed Pre-Bell Amid SK Hynix's Record-Setting US Market Debut, Resumption of US-Iran Talks

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Friday as traders took note of the US market debut of South Korean chipmaker SK Hynix, while the US and Iran will continue peace talks even after an exchange of attacks in recent days.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were flat, and Nasdaq futures were 0.3% lower.SK Hynix's initial public offering, which consists of 177.9 million American depositary shares, raised about $26.5 billion. The sale by the South Korean semiconductor company ranks as the largest debut by a foreign firm in the US. The offer was seven times oversubscribed, with more than 500 investment firms looking to buy shares, according to a report from the Financial Times.The US will continue "technical talks" with Iran as part of peace negotiations, despite the military strikes between the two nations earlier this week, according to a report from MS Now citing a US official. President Donald Trump said that Iran's attacks on commercial vessels transiting the Strait of Hormuz were "acts of terrorism," according to the report. Trump told reporters on Thursday that Iran had reached out and wanted to make a deal to cease the escalating hostilities in the Middle East.Traders noted the latest round of earnings, with Delta Air Lines (DAL) posting lower adjusted earnings and higher revenue for Q2 while reaffirming its 2026 adjusted EPS guidance.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.5% at $76.66 per barrel and US West Texas Intermediate crude 0.2% higher at $72.24 per barrel.The weekly Baker Hughes domestic oil-and-gas rig count is scheduled for release at 1pm ET.In other world markets, Japan's Nikkei closed 1.2% higher, Hong Kong's Hang Seng ended 0.6% higher, and China's Shanghai Composite finished 1% lower. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.1% higher in Europe's early afternoon session.In equities, Meta Platforms (META) shares were up 3.6% after a Bloomberg report citing CEO Mark Zuckerberg as saying that the company is considering renting out some of its artificial intelligence computing capacity as demand for AI infrastructure surges. ServiceNow (NOW) stock was 1.5% higher after Hitachi Digital Services said it has launched a partnership with the company to back mission-critical infrastructure operators. Vodafone (VOD) shares rose 13% after e& Group said it has agreed to to sell its entire stake in Vodafone to Vega, an acquisition vehicle wholly owned by the Niel family group, for $5.95 billion.On the losing side, stocks of Micron Technology (MU), Intel (INTC), and Marvell Technology (MRVL) declined as part of a wider drop in semiconductor stocks. Micron shares fell 1.6%, Intel stock was 2.4% lower, and Marvell shares were down 1.3%.

Dow JonesNasdaq CompositeS&P 500$DAL$INTC$META$MRVL$MU$NOW$VOD
US Equity Futures Mixed Ahead of South Korean Chipmaker SK Hynix's Trading Debut
US Markets

US Equity Futures Mixed Ahead of South Korean Chipmaker SK Hynix's Trading Debut

The benchmark US stock measures were struggling for direction before the open Friday as traders await the Nasdaq trading debut of South Korean chipmaker SK Hynix.The S&P 500 was almost steady in premarket activity and the Nasdaq was off 0.2%, while the Dow Jones Industrial Average rose 0.2%. The indexes finished the previous trading session higher.SK Hynix set the price of its initial public offering on the Nasdaq at $149 per American depositary share, raising about $26.5 billion. The company, which is reportedly a key supplier to Nvidia (NVDA), is expected to begin trading on the Nasdaq Friday.Shares of Intel (INTC) declined 3.1% pre-bell, while Marvell Technology (MRVL) decreased 1.6%. Micron Technology (MU), Broadcom (AVGO), and Advanced Micro Devices (AMD) were also lower.West Texas Intermediate crude oil was up 0.4% at $72.36 a barrel before the opening bell, while Brent gained 0.5% to $76.69.Washington aims to continue "technical talks" with Iran and remains "committed to finding a resolution," despite renewed hostilities between the two countries this week, news outlets reported Thursday, citing a US official. Pakistani and Qatari officials also told the publication that the mediators are also working to bring the US and Iran back to the negotiating table.Earlier in the week, US President Donald Trump said Iran "badly" wanted to make a deal, but didn't know if the country will "honor" it, CNBC reported.Global oil demand is estimated to drop by 1 million barrels per day in 2026 before rebounding by 2 million barrels next year, the International Energy Agency said.Friday's thin economic calendar has the weekly Baker Hughes oil-and-gas rig count at 1 pm ET.US Treasury yields were mixed in premarket action, with the two-year rate rising 1.7 basis points to 4.18% and the 10-year rate dropping one basis point to 4.54%.Delta Air Lines (DAL) shares were down 1.4% as the air carrier reported its second-quarter results. WD-40 (WDFC) jumped 12% as the company upgraded its full-year outlook after opting to retain its Americas homecare and cleaning businesses and reported higher fiscal third-quarter results overnight.Gold slipped 0.6% to $4,116 per troy ounce, while bitcoin climbed 1.9% to $64,406.

Dow JonesNasdaq CompositeS&P 500$AMD$AVGO$DAL$INTC$MRVL$MU$NVDA$WDFC
Japan

US Equity Futures Mixed Pre-Bell Amid SK Hynix's Record-Setting US Market Debut, Resumption of US-Iran Talks

US equity futures were mixed pre-bell Friday as traders took note of the US market debut of South Korean chipmaker SK Hynix, while the US and Iran will continue peace talks even after an exchange of attacks in recent days.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.4% lower.SK Hynix's initial public offering, which consists of 177.9 million American depositary shares, raised about $26.5 billion. The sale by the South Korean semiconductor company ranks as the largest debut by a foreign firm in the US. The offer was seven times oversubscribed, with more than 500 investment firms looking to buy shares, according to a report from the Financial Times.The US will continue "technical talks" with Iran as part of peace negotiations, despite the military strikes between the two nations earlier this week, according to a report from MS Now citing a US official. President Donald Trump said that Iran's attacks on commercial vessels transiting the Strait of Hormuz were "acts of terrorism," according to the report. Trump told reporters on Thursday that Iran had reached out and wanted to make a deal to cease the escalating hostilities in the Middle East.Traders noted the latest round of earnings, with Delta Air Lines (DAL) posting lower adjusted earnings and higher revenue for Q2 while reaffirming its 2026 adjusted EPS guidance.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.8% at $76.91 per barrel and US West Texas Intermediate crude 0.6% higher at $72.51 per barrel.The weekly Baker Hughes domestic oil-and-gas rig count is scheduled for release at 1pm ET.

Dow JonesNasdaq CompositeS&P 500$DAL
Asia Markets

SK Hynix and Oil Churn Wall Street Pre-Bell; Asia, Europe Up

Wall Street futures pointed mixed and muted pre-bell Friday, as traders awaited South Korean chipmaker SK Hynix's US market debut, a $26.5 billion listing of American depositary shares on the Nasdaq, and billed as world's second-largest share sale ever, after SpaceX's (SPCX) recent IPO.In geopolitical news, renewed Persian Gulf hostilities have persisted into pre-bell hours, with media reports that oil-tanker traffic has again stalled around the Strait of Hormuz.West Texas Intermediate crude oil traded up 0.3% at $72.26 before the market open.In the futures, the S&P 500 was steady, the Nasdaq declined 0.3% and the Dow Jones was up 0.2%.Asian exchanges traded mostly higher overnight, while European bourses edged north midday on the continent.On the economic calendar is the weekly Baker Hughes domestic oil-and-gas rig count at 1pm ET.In pre-market action, Bitcoin traded at $64,424, and 10-year US Treasuries offered 4.53%. Spot gold commanded $4,116 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Update: US Equity Indexes Jump as Washington's Strikes to Prevent Iran From Controlling Hormuz Drive Crude Oil Lower

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes rose as Washington's move to degrade Iran's ability to control the Strait of Hormuz by attacking commercial ships transiting the critical waterway sent crude oil prices lower, setting the stage for investors to refocus on technology.The Nasdaq Composite advanced 1.3% to 26,206.89, the S&P 500 climbed 0.8% to 7,543.64, and the Dow Jones Industrial Average marched 0.3% higher to 52,487.41 on Thursday. Technology and consumer discretionary led the gainers, while consumer staples and energy paced the decliners.US Central Command has hit 170 Iranian military targets over the past two nights after Tehran attacked three commercial ships transiting the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows. On Wednesday, before the second round of 90 strikes, US Vice President JD Vance said: "If Iran tries to close the strait down, there's going to be a response [from] the American military. That's the deal."The renewed tension is expected to be relatively short-lived because practical economic and political realities inhibit both the US and Iran, Vikas Dwivedi, global energy strategist at Macquarie, said in a note. The US is constrained by the risk that oil prices could rise, undermining the Federal Reserve's ability to ease inflation to its 2% target. The Fed's June 16-17 meeting minutes, released Wednesday, showed a wide diversity of views on the monetary policy path ahead."Iran has come through the negotiations with (arguably) a great deal," Dwivedi said. "We would be surprised if they overplay a good hand and test President Trump's patience and restraint for minimal remaining gain."In response to the new US strikes on infrastructure, Iran attacked US military sites in Bahrain, Kuwait, and Qatar, according to reports from Reuters and Al Jazeera, a Middle Eastern broadcaster, on Thursday. Foreign Minister Abbas Araghchi spoke with his counterparts in Saudi Arabia, Turkey, and Oman, as well as Pakistan's army chief, Field Marshal Asim Munir, to explain Tehran's rationale, the Associated Press reported Thursday, citing Araghchi's Telegram channel."The question confronting traders is whether Iran is willing to return to large-scale kinetic war with the US and its allies if necessary to strengthen its claim of control over the Strait of Hormuz, something that it has apparently not been granted by way of any diplomatic negotiations so far," Thierry Wizman, global foreign-exchange and rates strategist at Macquarie, said in a note Thursday.Front-month global benchmark North Sea Brent dropped 2.6% to $76.02 a barrel, and US West Texas Intermediate declined 2.4% to $71.78 a barrel, trading near intraday lows.The CBOE Volatility Index, also known as the fear gauge, dropped 6.3% to 15.84.Most US Treasury yields fell, with the 10-year down 1.8 basis points to 4.55% and the two-year declining 2.9 basis points to 4.17%.Gold futures advanced 1.5% to $4,142.3, and silver futures jumped 4% to $60.89.In economic news, US initial jobless claims fell sequentially to 215,000 in the week ended July 4 from an upwardly revised 217,000, compared with expectations for 217,000 in a Bloomberg-compiled survey. The four-week moving average declined by 3,750 to 218,750.In company news, Micron Technology (MU) increased its planned US investment to more than $250 billion through 2035 and outlined intentions to invest up to $3 billion to bolster the domestic semiconductor supply chain, sending the company's shares higher Thursday.

Dow JonesNasdaq CompositeS&P 500$MU
Update: US Equities Rise, Oil Prices Fall as Traders Look Past Middle East Tensions
US Markets

Update: US Equities Rise, Oil Prices Fall as Traders Look Past Middle East Tensions

(Updates with market moves at the end of the day.)Wall Street's equity benchmarks rose Thursday and oil prices pulled back, apparently shrugging off concerns over renewed tensions in the Middle East.The tech-heavy Nasdaq closed 1.3% higher at 26,206.9, rising for the second consecutive day. The S&P 500 gained 0.8% to 7,543.6 and the Dow Jones Industrial Average edged up 0.3% to 52,487.4, both rebounding following a two-day decline.Among sectors, tech led gainers with a 1.7% advance, while consumer staples saw the steepest decline.Micron Technology's shares (MU) jumped 4.5%. The company announced an increase in its planned US investment to more than $250 billion through 2035 and outlined intentions to invest up to $3 billion to bolster domestic semiconductor supply chain.Other chip-related stocks also moved higher, including Advanced Micro Devices (AMD), ON Semiconductor (ON), Marvell Technology (MRVL), Applied Materials (AMAT), and Intel (INTC).West Texas Intermediate crude oil was down 2.2% at $71.87 per barrel in Thursday late-afternoon trade, while Brent dropped 2.5% to $76.05.Iran's Islamic Revolutionary Guard Corps said it fired 10 ballistic missiles at a US base in Jordan Thursday in retaliation to Washington's aggression, CNN reported.The US Central Command said its forces hit Iran for the second day in a row on Wednesday after Tehran attacked three tankers that crossed the Strait of Hormuz.US President Donald Trump said Wednesday he was no longer interested in negotiating with Iran, saying he believed the recent memorandum of understanding signed between the two countries was over.The renewed tensions between the two sides could be "relatively short-lived" given constraints faced by both countries, according to Macquarie Group."The US is constrained by the risk that higher oil prices could return with fewer mitigation sources available as time goes on and the risk that Iran could materially damage (Middle East) oil infrastructure," Vikas Dwivedi, global energy strategist at Macquarie, said in a report e-mailed to. "Likewise, Iran has come through the negotiations with (arguably) a great deal. We would be surprised if they overplay a good hand and test (President) Trump's patience and restraint for minimal remaining gain."US Treasury yields were lower, with the two-year rate down 2.9 basis points at 4.17% and the 10-year rate falling 2.2 basis points to 4.55%.PepsiCo (PEP) reported fiscal second-quarter results above Wall Street's estimates on Thursday, although soft consumer spending in the US weighed on its North American performance. The stock slid 3.3%.Simply Good Foods (SMPL) lifted its full-year sales outlook as the nutritional snacking company recorded better-than-expected fiscal third-quarter results. The stock gained 1.3%.In economic news, applications for unemployment insurance in the US unexpectedly declined last week as labor market conditions appeared to hold steady, government data showed Thursday.Existing home sales in the US unexpectedly decreased in June as the median price reached an all-time high, data from the National Association of Realtors showed.Gold was up 1.2% at $4,131.80 per troy ounce, while silver gained 3% to $60.32 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMAT$AMD$INTC$MRVL$MU$ON$PEP$SMPL
Japan

US Equity Markets End Higher Amid Gains in Technology Stocks, US Attacks on Iran

US equity indexes closed higher Thursday after technology stocks saw big gains and the US continued to attack targets in Iran to fully reopen the Strait of Hormuz.* US Central Command overnight hit 90 Iranian military targets, according to its social media post on X, after striking 80 on the previous night following Iran's attacks on three commercial ships transiting the Strait of Hormuz* US initial jobless claims fell sequentially to 215,000 in the week ended July 4 from an upwardly revised 217,000, compared with expectations for 217,000 in a Bloomberg-compiled survey. The four-week moving average declined by 3,750 to 218,750.* August West Texas Intermediate crude oil fell $1.65 to settle at $71.87 per barrel, while September Brent crude, the global benchmark, was last seen down $1.93 at $76.09.* Sandisk (SNDK) shares were up 7.6%, among the top gainers on the S&P 500 and Nasdaq, after Wedbush raised its price target for the company's shares to $2,000 from $1,200 while keeping its outperform rating.* Paramount's (PSKY) $110 billion acquisition of Warner Bros. Discovery (WBD) could face lawsuits from US states to block the deal as soon as next week, Reuters reported, citing two sources familiar with the matter. Shares of Paramount dropped about 4.3%, the second-worst performer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$PSKY$SNDK$WBD
Japan

Update: US Equity Indexes Jump, Crude Oil Slides as Washington Strikes Iran to Keep Hormuz Out of Tehran's Control

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose as technology topped sector charts and crude oil slumped following Washington's continuing strikes to degrade Iran's capability to attack commercial ships transiting the Strait of Hormuz.The Nasdaq Composite advanced 1.3% to 26,199.2, the S&P 500 climbed 0.8% to 7,539.9, and the Dow Jones Industrial Average marched 0.2% higher to 52,442.4 ahead of Thursday's close. Technology and consumer discretionary led the gainers, while consumer staples and energy paced the decliners.US Central Command overnight hit 90 Iranian military targets, according to its social media post on X, after striking 80 on the previous night following Iran's attacks on three commercial ships transiting the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows. On Wednesday, before the second round of strikes on Iran, US Vice President JD Vance said: "If Iran tries to close the strait down, there's going to be a response [from] the American military. That's the deal."Iran's foreign minister, Abbas Araghchi, spoke with the foreign ministers of Saudi Arabia, Turkey, and Oman, as well as Pakistan's army chief, Field Marshal Asim Munir, the Associated Press reported Thursday, citing Araghchi's Telegram channel. The minister repeated Iran's assertion that the US has violated the interim peace deal, while the US said that Iran broke the deal by firing on commercial ships transiting the Strait of Hormuz, according to the report."The question confronting traders is whether Iran is willing to return to large-scale kinetic war with the US and its allies if necessary to strengthen its claim of control over the Strait of Hormuz, something that it has apparently not been granted by way of any diplomatic negotiations so far," Thierry Wizman, global foreign-exchange and rates strategist at Macquarie, said in a note Thursday.The front-month global benchmark North Sea Brent dropped 2.9% to $75.78 a barrel, and the US West Texas Intermediate declined 2.8% to $71.50 a barrel in the final leg of trading.

Dow JonesNasdaq CompositeS&P 500
Update: US Equities Rise Intraday in Tech-Led Advance as Oil Prices Ease
US Markets

Update: US Equities Rise Intraday in Tech-Led Advance as Oil Prices Ease

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as the technology sector advanced led by chip-related stocks, while oil prices retreated.The Nasdaq Composite was up 1.2% at 26,172.9 after midday Thursday, while the S&P 500 rose 0.8% to 7,541.2. The Dow Jones Industrial Average added 0.3% to 52,508.8. Among sectors, tech paced the gainers, up 1.9%, while consumer staples saw the steepest decline.Micron Technology's shares (MU) were up 7.8% intraday, the third-top gainer on the S&P 500. The company said Thursday it plans to invest up to $3 billion in the US semiconductor supply chain.Other chipmakers also advanced, including ON Semiconductor (ON), Marvell Technology (MRVL), Advanced Micro Devices (AMD), and Intel (INTC).West Texas Intermediate crude oil was down 2.2% at $71.94 per barrel intraday, while Brent dropped 2.4% to $76.16.The US launched fresh strikes Thursday on Iran, CNN reported, citing Iran's state news agency, IRNA.The US Central Command said Wednesday its forces completed another round of strikes against Iran, having struck Tehran earlier in the week after it attacked three tankers that crossed the Strait of Hormuz.US President Donald Trump said Wednesday he was no longer interested in negotiating with Iran, saying he believed the recent memorandum of understanding signed between the two countries to end their war was over.The renewed tensions between the US and Iran could be "relatively short-lived" given constraints faced by both countries, according to Macquarie Group."The US is constrained by the risk that higher oil prices could return with fewer mitigation sources available as time goes on and the risk that Iran could materially damage (Middle East) oil infrastructure," Vikas Dwivedi, global energy strategist at Macquarie, said in a report e-mailed to. "Likewise, Iran has come through the negotiations with (arguably) a great deal. We would be surprised if they overplay a good hand and test (President) Trump's patience and restraint for minimal remaining gain."US Treasury yields were lower intraday, with the two-year rate down 3.5 basis points at 4.17% and the 10-year rate falling 2.8 basis points to 4.54%.PepsiCo (PEP) reported fiscal second-quarter results above Wall Street's estimates on Thursday, although soft consumer spending in the US weighed on its North American performance. The stock was down 2.9% intraday.Simply Good Foods (SMPL) lifted its full-year sales outlook as the nutritional snacking company recorded better-than-expected fiscal third-quarter results. The stock was up 3.2%.In economic news, applications for unemployment insurance in the US unexpectedly declined last week as labor market conditions appeared to hold steady, government data showed Thursday.Existing home sales in the US unexpectedly decreased in June as the median price reached an all-time high, data from the National Association of Realtors showed.Gold was up 1.5% at $4,142.70 per troy ounce, while silver gained 4% to $60.91 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$INTC$MRVL$MU$ON$PEP$SMPL
Asia Markets

Update: US Equity Indexes Rise as Washington Aims to Prevent Iran From Gaining Control of Hormuz

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes rose amid gains in technology and as crude oil fell in the aftermath of Washington degrading Iran's capability to attack commercial ships transiting the Strait of Hormuz.The Nasdaq Composite advanced 0.9% to 26,109.6, the S&P 500 climbed 0.7% to 7,531.4, and the Dow Jones Industrial Average marched 0.3% higher to 52,498.1 after midday Thursday. Technology and financials led the gainers, while consumer staples and energy paced the decliners.US Central Command overnight hit 90 Iranian military targets, according to its social media post on X, after striking 80 on the previous night following Iran's attacks on three commercial ships transiting the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.On Wednesday, before the second round of strikes on Iran, US Vice President JD Vance said: "If Iran tries to close the strait down, there's going to be a response [from] the American military. That's the deal."Tehran on Thursday said it had attacked US military sites in Bahrain, Kuwait, and Qatar in response to the new US strikes on infrastructure, according to reports from Reuters and Al Jazeera, a Middle Eastern broadcaster. Iran fired 10 ballistic missiles at Jordan's Azraq military base, Al Jazeera reported, citing the Islamic Revolutionary Guard Corps. The IRGC launched the missile strike targeting the "US command-and-control center," Al Jazeera cited an IRGC statement carried by Iran's semi-official news agency, Fars."The question confronting traders is whether Iran is willing to return to large-scale kinetic war with the US and its allies if necessary to strengthen its claim of control over the Strait of Hormuz, something that it has apparently not been granted by way of any diplomatic negotiations so far," Thierry Wizman, global foreign-exchange and rates strategist at Macquarie, said in a note Thursday.The front-month global benchmark North Sea Brent slid 2.1% to $76.35 a barrel, and the US West Texas Intermediate declined 2.1% to $72.00 a barrel.The CBOE Volatility Index, also known as the fear gauge, dropped 5.1% to 16.04.Most US Treasury yields fell, with the 10-year down 2.4 basis points to 4.54% and the two-year declining 3.1 basis points to 4.17%. Investors are weighing a worsening geopolitical environment and the Federal Reserve's meeting minutes released Wednesday, which showed diversity in views on the monetary policy path ahead.Gold futures advanced 1.5% to $4,142.3, and silver futures jumped 4% to $60.89.In economic news, US initial jobless claims fell sequentially to 215,000 in the week ended July 4 from an upwardly revised 217,000, compared with expectations for 217,000 in a Bloomberg-compiled survey. The four-week moving average declined by 3,750 to 218,750.In company news, PepsiCo (PEP) reported fiscal Q2 results above Wall Street's estimates on Thursday, although soft consumer spending in the US weighed on its North American performance. Shares fell 3.3%, among the laggards on the Nasdaq.Paramount's (PSKY) $110 billion acquisition of Warner Bros. Discovery (WBD) could face lawsuits from US states to block the deal as soon as next week, Reuters reported, citing two sources familiar with the matter. Shares of Paramount dropped 4.8%, the worst performer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$PEP$PSKY$WBD
Asia Markets

Exchange-Traded Funds Higher as US Equities Rise After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV rise. Actively traded Invesco QQQ Trust (QQQ) added 1.5%.US equity indexes were higher after midday Thursday, with technology sector rising and crude oil prices lower amid worries over renewed US-Iran tensions.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each lost about 1%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 2.4%; iShares US Technology ETF (IYW) added 1.6%, and iShares Expanded Tech Sector ETF (IGM) was up 2.2%.The State Street SPDR S&P Semiconductor (XSD) climbed up 5%, and iShares Semiconductor (SOXX) gained 4.9%.FinancialThe State Street Financial Select Sector SPDR (XLF) rose 1.2%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 3.5%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 3.6%.CommoditiesCrude oil dipped 2%, and the United States Oil Fund (USO) fell 2.7%. Natural gas lost 6%, and the United States Natural Gas Fund (UNG) was down 6.2%.Gold on Comex rose 1.5%, and the State Street SPDR Gold Shares (GLD) added 1.2%. Silver was up 4%, and iShares Silver Trust (SLV) was 3.4% higher.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) slipped 1.1%. The Vanguard Consumer Staples ETF (VDC) fell 1.1%, and iShares Dow Jones US Consumer Goods (IYK) was down 1.2%.The State Street Consumer Discretionary Select Sector SPDR (XLY) rose 0.8%. VanEck Retail ETF (RTH) shed 0.7%, and the State Street SPDR S&P Retail (XRT) gained 0.9%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) fell 0.4%, iShares US Healthcare (IYH) lost 0.2%, and Vanguard Health Care ETF (VHT) was down 0.3%. IShares Biotechnology ETF (IBB) was up 0.2%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 0.8%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) added 0.7%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) gained 0.6%, ProShares Ether ETF (EETH) rose fractionally, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 2.6% 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

Update: US Equity Indexes Rise as Washington Escalates Attacks to Prevent Iran From Gaining Control of Hormuz

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose amid gains in technology and as crude oil declined following Washington's attempt to keep the Strait of Hormuz functioning freely by degrading Tehran's firepower to attack commercial ships in the critical waterway.The Nasdaq Composite advanced 0.5% to 25,994.3, the S&P 500 climbed 0.5% to 7,516.34, and the Dow Jones Industrial Average marched 0.6% higher to 52,470.2 after midday Thursday. Technology and financials led the gainers, while a trio of decliners included energy.US Central Command overnight hit 90 Iranian military targets, according to its social media post on X, after striking 80 on the previous night following Iran's attacks on three commercial ships transiting the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.Iran said it had attacked US military sites in Bahrain, Kuwait, and Qatar in response to the new US strikes on infrastructure, according to reports from Reuters and Al Jazeera, a Middle Eastern broadcaster. Iran fired 10 ballistic missiles at Jordan's Azraq military base, Al Jazeera reported, citing the Islamic Revolutionary Guard Corps. The IRGC launched the missile strike targeting the "US command-and-control center," Al Jazeera cited an IRGC statement carried by Iran's semi-official news agency, Fars."The question confronting traders is whether Iran is willing to return to large-scale kinetic war with the US and its allies if necessary to strengthen its claim of control over the Strait of Hormuz, something that it has apparently not been granted by way of any diplomatic negotiations so far," Thierry Wizman, global foreign-exchange and rates strategist at Macquarie, said in a note.The front-month global benchmark North Sea Brent fell 0.7% to $77.42 a barrel, and the US West Texas Intermediate declined 1% to $72.77 a barrel.

Dow JonesNasdaq CompositeS&P 500
Commodities

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Thursday as Chip Stocks Rebound Despite US-Iran Tensions

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3%, and the actively traded Invesco QQQ Trust (QQQ) advanced 0.9% in Thursday's premarket activity, as investors returned to chip stocks while monitoring escalating tensions between Washington and Tehran.US stock futures were mixed, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.6% before the start of regular trading.US initial jobless claims fell to a level of 215,000 in the week ended July 4 from an upwardly revised 217,000 level in the previous week, compared with expectations for a level of 217,000 in a survey of analysts compiled by Bloomberg.The existing home sales data will be released at 10:00 am ET, followed by natural gas stocks data at 10:30 am ET.New York Federal Reserve President John Williams and Dallas Fed President Lorie Logan are slated to speak on Thursday.In premarket action, bitcoin was up by 0.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% higher, Ether ETF (EETH) advanced 0.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, while the Vanguard Industrials Index Fund (VIS) was up 0.3% and the iShares US Industrials ETF (IYJ) was flat.FuelCell Energy (FCEL) stock was up more than x% before the opening bell after the company and Siemens agreed to collaborate on fuel cell-based power generation.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.3%, the Vanguard Health Care Index Fund (VHT) was 0.9% higher, while the iShares US Healthcare ETF (IYH) gained by 0.2%. The iShares Biotechnology ETF (IBB) was up 0.8%.AstraZeneca (AZN) stock was down more than 8% premarket, and Ionis Pharmaceuticals (IONS) fell over 20% after the partners said a phase 3 trial for eplontersen in patients with transthyretin-mediated amyloid cardiomyopathy, or ATTR-CM, failed to meet the primary efficacy endpoint.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 1.8%, the iShares US Technology ETF (IYW) was 1.4% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 1.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 3.9%, while the iShares Semiconductor ETF (SOXX) rose 4.9%.Applied Materials (AMAT) shares were up more than 4% in premarket activity after Nikkei Asia reported, citing CEO Gary Dickerson, that the company is seeing stronger long-term visibility into semiconductor equipment demand as major chipmakers share production plans extending well beyond 2027.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated by 1.1%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.3% lower.Levi Strauss (LEVI) shares were down nearly 4% early Thursday after the company's new full-year earnings outlook fell short of analyst estimates even as its fiscal Q2 results topped views.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.4% lower.Broadridge Financial Solutions (BR) shares traded up 1% in early hours activity after the company said that Centralised Raiffeisen International Services & Payments, the shared services center of Raiffeisen Bank International, has upgraded to its cloud-based BRx Match reconciliation platform.EnergyThe iShares US Energy ETF (IYE) gained 1.3%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.3%.Sempra (SRE) stock was down more than 1% before market open. The company said Wednesday that its Sempra Infrastructure unit shipped the first liquefied natural gas cargo from the ECA LNG Phase 1 project in Mexico, marking a milestone ahead of the facility's expected commercial operations later this summer.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 0.4% to $73.82 per barrel on the New York Mercantile Exchange. Natural gas was down by 0.8% to $3.19 per 1 million British Thermal Units. The United States Oil Fund (USO) retreated by 0.4%, while the United States Natural Gas Fund (UNG) was 0.8% lower.Gold futures for July rose 1% to $4,122.20 an ounce on the Comex. Silver futures advanced by 1.9% to $59.67 an ounce. SPDR Gold Shares (GLD) increased 0.8%, and the iShares Silver Trust (SLV) was 1.8% higher.

Dow JonesNasdaq CompositeS&P 500$AMAT$AZN$BETH$BITO$BR$EEM$EETH$EXI$FAS$FAZ$FCEL$GLD$IBB$IGM$IGV$IONS$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LEVI$PMR$QQQ$RTH$SLV$SOXX$SPY$SRE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Update: US Equity Futures Edge Higher Pre-Bell Amid Re-Escalation of Middle East Hostilities

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Thursday as traders observed the recent rise in hostilities between the US and Iran, which threatened to derail peace talks between the two nations.Dow Jones Industrial Average futures were flat, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.9% higher.In a post on X, US Central Command said it completed a second round of strikes, hitting 90 more Iranian military targets. The US military had struck 80 Iranian targets the day before in response to Iran's attacks on three commercial ships transiting the Strait of Hormuz.President Donald Trump told reporters that Iran had reached out and "badly" wanted to make a deal to halt the escalating hostilities in the Middle East. Trump said he does not know if the two nations are returning to an all-out conflict, but added that the US would win "very quickly" if the war resumed.Traders also digested the latest round of earnings, with PepsiCo (PEP) posting higher fiscal Q2 core earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.9% at $78.71 per barrel and US West Texas Intermediate crude 0.8% higher at $74.09 per barrel.Initial jobless claims dropped to 215,000 in the week ended July 4 from 217,000 in the previous week, compared with expectations for no change 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 1.0% for June after a gain of 3.2% in the prior month.New York Federal Reserve President John Williams and Dallas Fed President Lorie Logan are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 1.4% higher, Hong Kong's Hang Seng ended 0.7% lower, and China's Shanghai Composite finished 1.7% higher. Meanwhile, the UK's FTSE 100 was down 0.6%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.In equities, Costco Wholesale (COST) shares fell 1.7% after the company posted June net sales of $29.2 billion, up almost 11% from $26.4 billion a year earlier, and maintained its quarterly dividend at $1.47 a share.PepsiCo stock was down 2.5% after the company reported its fiscal Q2 financial results.Ionis Pharmaceuticals (IONS) and partner AstraZeneca (AZN) shares fell 19% and 7.8%, respectively, after they said a phase 3 trial for eplontersen in patients with transthyretin-mediated amyloid cardiomyopathy failed to meet the primary efficacy endpoint.On the winning side, Micron Technology (MU), AMD (AMD), and Intel (INTC) stocks rose as part of a broader rally in the semiconductor sector. Micron shares climbed 6.4%, AMD stock was up 4%, and Intel shares were 5.3% higher.Applied Materials (AMAT) shares rose 7.1% after a Nikkei Asia report citing CEO Gary Dickerson as saying that the company is seeing stronger long-term visibility into semiconductor equipment demand as major chipmakers share production plans extending well beyond 2027.

Dow JonesNasdaq CompositeS&P 500$AMAT$AMD$AZN$COST$INTC$IONS$MU$PEP
Japan

US Equity Futures Mixed Pre-Bell Amid Re-Escalation of Middle East Hostilities

US equity futures were mixed pre-bell Thursday as traders observed the recent rise in hostilities between the US and Iran, which threatened to derail peace talks between the two nations.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.7% higher.In a post on X, US Central Command said it completed a second round of strikes, hitting 90 more Iranian military targets. The US military had struck 80 Iranian targets the day before in response to Iran's attacks on three commercial ships transiting the Strait of Hormuz.President Donald Trump told reporters that Iran had reached out and "badly" wanted to make a deal to halt the escalating hostilities in the Middle East. Trump said he does not know if the two nations are returning to an all-out conflict, but added that the US would win "very quickly" if the war resumed.Traders also digested the latest round of earnings, with PepsiCo (PEP) posting higher fiscal Q2 core earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.5% at $78.46 per barrel and US West Texas Intermediate crude 0.4% higher at $73.82 per barrel.The weekly jobless claims bulletin is expected to show 217,000 new unemployment claims for the week ended July 4, up from 215,000 in the prior week, 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 1.0% for June after a gain of 3.2% in the prior month.New York Federal Reserve President John Williams and Dallas Fed President Lorie Logan are slated to speak on Thursday.

Dow JonesNasdaq CompositeS&P 500$PEP

Showing 661-680 of 1497

Track with the FINWIRES app suite

FolioX
FolioX
Track S&P 500 Index in your portfolio
WheelAI
WheelAI
Analyze S&P 500 Index options with the wheel strategy
StockInsider
StockInsider
See market sentiment on S&P 500 Index