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Dow JonesNasdaq CompositeS&P 500$GRMN$LII

US Equity Markets End Lower as Oil Rises, Divided Fed Keeps Rates Unchanged

US equity indexes fell Wednesday as crude oil prices jumped after Iran's surprise missile attack, while a divided Federal Reserve kept its benchmark interest rate unchanged.* President Donald Trump said Iran will be hit hard, according to Fox News. The US Central Command said it joined Saudi Arabian armed forces to conduct strikes after Iran-aligned terrorists attacked US forces and Saudi energy infrastructure.* The Federal Reserve maintained its benchmark interest rate at a range of 3.5% to 3.75% on Wednesday, though three members of the Federal Open Market Committee dissented. Fed Chairman Kevin Warsh declined to forecast the central bank's future policy direction and said the Fed is taking all necessary measures to achieve its 2% inflation target.* September West Texas Intermediate crude oil rose $5.60 to settle at $84.86 per barrel, while September Brent crude, the global benchmark, was last seen up $6.62 at $90.71.* Garmin (GRMN) shares rose 16%, the top gainer on the S&P 500, after the company reported better-than-anticipated Q2 results and raised its full-year guidance.* Lennox International (LII) shares fell 21%, the biggest drop on the S&P, after the company reported Q2 revenue below market expectations and lowered its full-year 2026 earnings outlook.

Dow JonesNasdaq CompositeS&P 500$ARM$LRCX$META$MSFT$QCOM$SMH

Update: US Equity Indexes Slide as Fed on Pause for Fifth Meeting; Investors Await Big Tech Results Amid Mounting Middle East Tensions

(Updates with index/price moves and Federal Reserve/geopolitical news from the first paragraph.)US equity indexes sank after the Federal Reserve left interest rates unchanged and as Iran's surprise missile attack on regional neighbors escalated war tensions ahead of Big Tech quarterly results post-bell.The Dow Jones Industrial Average sank 2.2% to 51,610.9, with the Nasdaq Composite down 1.2% to 24,577.4 and the S&P 500 lower by 1.2% to 7,339.1 ahead of Wednesday's close. All sectors except energy, communication services, and consumer staples declined. Industrials, financials, and utilities led the steepest decliners.Microsoft (MSFT), Meta Platforms (META), Lam Research (LRCX), Arm (ARM), and Qualcomm (QCOM) will report earnings after the bell on Wednesday, and investors will focus on what these companies will say about capital expenditures related to artificial intelligence and the state of free cash flows.The Fed held its policy rate steady in a divided decision, as three officials called for policy tightening. The Federal Open Market Committee maintained the target range for the federal funds rate at 3.50% to 3.75%, marking its fifth consecutive pause. Ahead of the decision, UBS Securities projected three dissenting votes as a base case. The committee reiterated its pledge to "deliver price stability" as inflation remained above the 2% target amid supply shocks.President Donald Trump said Iran will be hit hard, according to Fox News, after the US Central Command joined Saudi Arabian Armed Forces to conduct strikes in Iraq against Iran-aligned terrorists that the Islamic Revolutionary Guard Corps directed to attack US forces and Saudi energy infrastructure.The front-month US West Texas Intermediate jumped 6.8% to $84.63 a barrel, and global benchmark North Sea Brent surged 7.6% to $90.45 a barrel.US Treasury yields were mixed, with the 10-year up 5.3 basis points to 4.66% while the two-year dropped 4.6 basis points to 4.23%.

Dow JonesNasdaq CompositeS&P 500$ARM$LRCX$META$MSFT$QCOM$SMH

Update: US Equity Indexes Slide Ahead of Warsh's Press Briefing, Big-Tech Results While Trump Vows to Hit Iran Hard

(Updates with index/price moves and Fed/company/geopolitical news from the first paragraph.)US equity indexes fell amid expectations of a tightening bias from the Federal Reserve and as Iran's surprise missile attack on regional neighbors escalated war tensions ahead of big-tech quarterly results post-bell.The Dow Jones Industrial Average slumped 1.6% to 51,891.2, with the Nasdaq Composite down 1.2% to 24,587.5 and the S&P 500 lower by 0.9% to 7,366.5.Microsoft (MSFT), Meta Platforms (META), Lam Research (LRCX), Arm (ARM), and Qualcomm (QCOM) will report earnings after the bell on Wednesday, and investors will focus on what these companies will say about capital expenditures related to artificial intelligence and the state of free cash flows.Among companies with a market capitalization of more than $200 billion, eight of the 10 worst intraday performers were from the technology sector, according to data compiled by Finviz. VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, slumped 3.1% after midday.The Fed is likely to remain on hold in the 3.5% to 3.75% target range in July, according to the CME FedWatch tool. However, the probability that the target rate for fed funds will increase to 4.25%-4.5% in December jumped to 17% as of Wednesday afternoon from 9% a month ago, implying a significant tightening bias among some market participants.In geopolitical news, President Donald Trump said Iran will be hit hard, according to Fox News.The US Central Command said it joined Saudi Arabian Armed Forces to conduct strikes in Iraq against Iran-aligned terrorists that the Islamic Revolutionary Guard Corps directed to attack US forces and Saudi energy infrastructure.The front-month US West Texas Intermediate jumped 7.2% to $84.93 a barrel, and global benchmark North Sea Brent surged 7.8% to $90.65 a barrel.

Dow JonesNasdaq CompositeS&P 500$META$MSFT

US Equity Futures Mixed as Middle East Hostilities Resume, Oil Prices Rise

US equity futures were mixed pre-bell Wednesday as hostilities between the US and Iran resumed after a two-day pause and oil prices jumped.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.2% higher.US Central Command said in a post on X that Iran's Islamic Revolutionary Guard Corps launched missiles in an "attempted surprise attack" on US forces, which an Axios correspondent said was directed at a US base in Jordan. In a subsequent post, the command said that US and Saudi Arabian forces hit "Iran-aligned terrorists" in Iraq in response to more than 30 Iran-directed drone attacks in the last 72 hours.Microsoft (MSFT) and Meta Platforms (META) are expected to report their fiscal Q4 and Q2 earnings, respectively, after the market closes. For Microsoft, analysts polled by FactSet expect earnings of $4.24 per share on revenue of $87.62 billion. For Meta, analysts expect earnings of $7.19 per share on revenue of $60.22 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.1% at $85.43 per barrel and US West Texas Intermediate crude 4.3% higher at $82.69 per barrel.The Federal Open Market Committee is expected to maintain the range for its federal funds rate at the current 3.50% to 3.75% for the fifth straight meeting, with the CME's FedWatch Tool seeing a 68.5% chance of no change to the current target range and a 31.5% chance of a 25-basis point increase to 3.75% to 4.00%.The FOMC's statement following the meeting is due to be released at 2:00 pm ET, with Federal Reserve Chairman Kevin Warsh's press conference scheduled to begin at 2:30 pm ET.

US Equity Index Futures Mixed Pre-Bell as Investors Await Microsoft/Apple's Results, Fed Policy Moves Amid Escalating Iran Tensions

$AAPL$MSFT

Brent, WTI Crude Futures Jump Early Wednesday as CENTCOM Says US, Saudi Arabian Forces Strike Iran-Backed Sites in Iraq

WTI Crude Futures Jump 3.5% to $82.01; Brent Crude Futures Advance 3% to $84.56 Pre-Bell as Iran Tensions Escalate

^NZ50ASX:IKEASX:VSLNZE:IKENZE:VSL

NZX Midday Sector Update: Distribution Services Rises, Electronic Technology Sector Struggles

Distribution services stocks advanced over 3% at midday Wednesday.Vulcan Steel (NZE:VSL, ASX:VSL) gained almost 3% in recent trade.On the flip side, the electronic technology sector struggled, shedding nearly 2%.ikeGPS Group (ASX:IKE, NZE:IKE) shares fell past 1% in recent trade.The company on Wednesday reported fiscal first-quarter revenue of around NZ$6.4 million, unchanged from a year earlier, reflecting interim softness in one-off and lower-margin services revenue.

Dow JonesNasdaq CompositeS&P 500$GLW$IQV

US Equity Markets Mixed as Oil Drops, Chip Shares Slide

US equity indexes were mixed Tuesday as crude oil prices fell and semiconductor stocks led a pullback in technology shares.* President Donald Trump said talks with Iran were continuing but again threatened to destroy Iranian bridges and power plants if no deal is made, CNN reported. Iran's military said any ships belonging to a country or company using frozen Iranian assets will be blocked from transiting the Strait of Hormuz, CNN said, citing Iranian state media.* The Conference Board's measure of consumer confidence decreased to 90.8 in July from 92.2 in June, below the 92.4 expected in a Bloomberg survey.* The Case-Shiller National Home Price Index rose 0.6% in May after a 0.8% increase in April, before seasonal adjustment. National home prices rose 1.1% after a 0.9% gain in April.* September West Texas Intermediate crude oil fell $3.54 to settle at $79.07 per barrel, while September Brent crude, the global benchmark, was last seen down $4.58 at $83.78.* IQVIA Holdings (IQV) shares rose 14%, the top gainer on the S&P 500, after the company reported an increase in Q2 adjusted earnings and revenue and raised its 2026 outlook.* Corning (GLW) shares fell 12%, the second-biggest drop on the S&P, after the company reported Q2 results and set guidance for Q3.

Dow JonesNasdaq CompositeS&P 500$GLW$SMH

Update: US Equity Indexes Mixed as Semiconductor Heavyweights Restrain Nasdaq

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed as a slide in chipmakers pushed technology lower, weighing on the Nasdaq Composite and undermining the positive impact of sinking crude oil prices.The Dow Jones Industrial Average jumped 1.1% to 52,802.1, with the S&P 500 up 0.4% to 7,441.4 ahead of Tuesday's close. The tech-heavy Nasdaq Composite was little changed at 24,929.2.Energy, technology, and industrials were the sole decliners while healthcare, materials, and consumer staples topped the gainers.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, fell 2.7%. Among companies with a market capitalization of more than $200 billion, eight of the 10 worst performers were from the semiconductors and semiconductor equipment and materials industries, according to data compiled by Finviz.Shares of Corning (GLW) sank 13%, the second-worst performer on the S&P 500, after the company reported Q2 results and set guidance for the next quarter.In geopolitical news, President Donald Trump said talks with Iran were continuing but again threatened to destroy Iranian bridges and power plants if no deal is made, CNN reported. Iran's foreign ministry spokesman, Esmaeil Baghaei, said Tehran was not negotiating with the US but added that "intermediaries may convey messages from the American side to us regarding ongoing developments in the region," Al Jazeera, a Middle East broadcaster, reported.Iran's military said any ships belonging to a country or company using frozen Iranian assets will be blocked from transiting the Strait of Hormuz, CNN cited Iranian state media.Front-month US West Texas Intermediate slumped 4.2% to $79.12 a barrel, and global benchmark North Sea Brent dropped 5% to $83.94 a barrel.US Treasury yields fell, with the 10-year down 4.1 basis points to 4.6% and the two-year lower by 4.8 basis points to 4.28%.

Dow JonesNasdaq CompositeS&P 500$GLW$SMH

Update: US Equity Indexes Mixed as Chipmakers Mount Pressure on Nasdaq

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes traded mixed, as chipmakers continued to weigh on the Nasdaq Composite.The Dow Jones Industrial Average jumped 1.2% to 52,846.1, with the S&P 500 up 0.4% to 7,444.2 after midday Tuesday. The Nasdaq Composite was lower by less than 0.1% to 24,965.5.Energy, technology, and industrials led decliners while consumer staples, healthcare, and materials topped the gainers.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, slumped 2.5%. Among companies with a market capitalization of more than $200 billion, seven of the 10 worst performers were from the semiconductors and semiconductor equipment and materials industries, according to data compiled by Finviz.Shares of Corning (GLW) sank 18%, the worst performer on the S&P 500, after the company reported Q2 results and set guidance for the next quarter.In geopolitical news, President Donald Trump said talks with Iran were continuing but again threatened to destroy Iranian bridges and power plants if no deal is made, CNN reported. Iran's foreign ministry spokesman, Esmaeil Baghaei, said Tehran was not negotiating with the US but added that "intermediaries may convey messages from the American side to us regarding ongoing developments in the region," Al Jazeera, a Middle East broadcaster, reported.The front-month US West Texas Intermediate slumped 5.1% to $78.44 a barrel, and global benchmark North Sea Brent dropped 5.2% to $83.76 a barrel.

Santacruz Silver Mining Reports 11% Increase in Q2 Silver Production

Santacruz Silver Mining (SCZ.V) said Tuesday that total silver production in the second quarter rose 11% year over year to 1.6 million ounces of silver.Copper production jumped 47% to 337 tonnes of copper, Santacruz said."This quarter's solid production results show how the company's operations were resilient despite the challenging conditions experienced in Bolivia. During this second quarter, road blockades in Bolivia extended for more than 50 days, disrupting supply chains across many sectors of the economy," said chief executive Arturo Prestamo.

$SCZ.V

Dow JonesNasdaq CompositeS&P 500$KO$V

US Equity Futures Mixed as Halt in Middle East Hostilities Holds, Semiconductor Stocks Drop

US equity futures were mixed pre-bell Tuesday as the pause in hostilities between the US and Iran appeared to hold, while semiconductor-related stocks once again declined.Dow Jones Industrial Average futures were 0.7% higher, S&P 500 futures were down 0.1%, and Nasdaq futures were 1% lower.President Donald Trump said late Monday that the US was having "good talks" with Iran, with a "good chance" that a deal could be made, but warned that US attacks would resume if negotiations failed. Iran's Foreign Ministry said Tuesday it had discussions with Saudi Arabia and Oman regarding maritime passage on the Strait of Hormuz.Traders digested the latest round of earnings, with Coca-Cola (KO) posting higher fiscal Q2 comparable earnings and revenue.Visa (V) is expected to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.23 per share on revenue of $11.4 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.4% at $84.64 per barrel and US West Texas Intermediate crude 0.9% lower at $81.83 per barrel.The international trade in goods report for June, scheduled for release at 8:30 am ET, is expected to show the deficit narrowing to $100 billion from the revised value of $105.9 billion in the prior month, according to estimates compiled by Bloomberg.The May S&P Case-Shiller home price index is scheduled for release at 9 am ET. The July consumer confidence index, due at 10 am ET, is projected to rise to 92.4 from 91.2. The Richmond Fed manufacturing index for July is also scheduled to be released at 10 am ET.

Dow JonesNasdaq CompositeS&P 500$CRM$MSFT$NVDA$SKHY

US Equity Markets Mixed as Oil Slides on Lull in US-Iran Strikes

US equity indexes were mixed Monday as crude oil declined on a lull in US strikes on Iran, while jitters over the AI trade increased.* The US paused military attacks against Iran over the weekend, while Tehran also refrained from retaliatory action, multiple media outlets reported.* New orders for US durable goods rose 0.3% in June following a decline of 4% in May, compared with expectations for an increase of 1.8% in a survey compiled by Bloomberg.* September West Texas Intermediate crude oil tumbled $7.33 to settle at $81.98 per barrel, while September Brent crude, the global benchmark, was last seen down $9.02 at $87.76.* Salesforce (CRM) shares rose 6.1%, the top gainer on the Dow, after the US Department of Veterans Affairs on Friday awarded the company, through its distribution network, a three-year $1.6 billion agentic enterprise license agreement.* Nvidia (NVDA) agreed to expand its partnership with South Korea's SK Group through an AI infrastructure initiative valued at more than $500 billion that will provide the US company with a stable supply of next-generation AI memory from SK hynix (SKHY). Separately, Nvidia is in talks to provide a $250 billion financial backstop for Microsoft-backed (MSFT) OpenAI as part of a massive data center project in southern Ohio, the Wall Street Journal reported Sunday. Nvidia's shares dropped 5%, the steepest decliner on the Dow.

Dow JonesNasdaq CompositeS&P 500$MSFT$NVDA$SKHY$SMH

Update: US Equity Indexes Mixed as Tech Heads Lower While Iran Strikes Remain Halted

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as investor concerns grew over circular investments in the artificial intelligence industry and as a pause in strikes on Iran entered its third day.The Dow Jones Industrial Average climbed 0.5% to 52,193.5, and the S&P 500 rose 0.1% to 7,419.7 ahead of Monday's close. The Nasdaq Composite slipped less than 0.1% to 24,964.2. Technology was the third-worst performer.Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative valued at more than $500 billion. The deal announced Saturday includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory. Nvidia's shares dropped 4.4%, the Dow's steepest decliner. The SK Hynix stock plummeted 5.6%.Separately, Nvidia is in talks to provide a roughly $250 billion financial backstop for Microsoft-backed (MSFT) OpenAI as part of a massive data center project in southern Ohio that could cost more than $500 billion, The Wall Street Journal reported Sunday.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, fell 2.1%.In geopolitical news, the US paused military attacks against Iran over the weekend, while Tehran also refrained from retaliatory action, according to a Commerzbank note. "They asked us very nicely, 'Please stop, let's meet,'" Trump told reporters aboard Air Force One, according to CNN. "And that's where we are right now, see what happens. If we don't make a deal, we go back to the same thing."Iran's Foreign Ministry said there are no current negotiations with the US, CNN reported.Almost all of the 78 vessels that crossed the Strait of Hormuz since Saturday used the route designated by Iran, and none were recorded using the southern route near Oman's coast promoted by the US, CNN cited Marisks, a shipping intelligence group.The front-month US West Texas Intermediate sank 7.8% to $82.39 a barrel, and global benchmark North Sea Brent plunged 8.9% to $88.19 a barrel.

Dow JonesNasdaq CompositeS&P 500$NVDA$SKHY$SMH

US Equity Indexes Mixed, Crude Oil Sinks in Midday Trading

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes traded mixed amid growing investor concerns over circular corporate investments and as crude oil prices plunged after a pause in Iran strikes entered its third day.The Dow Jones Industrial Average climbed 0.6% to 52,249.1, and the S&P 500 rose 0.1% to 7,420.2 after midday Monday. The Nasdaq Composite was little changed at 24,972.6.Energy and technology led decliners while communication services, consumer staples, and consumer discretionary topped the gainers.Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative valued at more than $500 billion. The deal announced Saturday includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory. Nvidia's shares dropped 4.5%, one of the bottom five in the Dow. The SK Hynix stock plummeted 8%.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, slumped 4.4%.Meanwhile, the US paused military attacks against Iran over the weekend, while Tehran also refrained from retaliatory action, according to a Commerzbank note. Meanwhile, Oman and Iran continued discussions on a transit arrangement for the Strait of Hormuz, with diplomats describing the negotiations as "moving in the right direction." Iranian officials likewise characterized the talks as "constructive."The front-month US West Texas Intermediate sank 6.3% to $83.65 a barrel, and global benchmark North Sea Brent plunged 6.9% to $90.09 a barrel.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMD$AMZN$ARM$AVGO$AZN$CVX$LRCX$MA$META$MSFT$PG$QCOM$SHEL$STX$TM$V$XOM

Update: US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Pause in Middle East Hostilities

US equity futures rose pre-bell Monday as oil prices declined amid a pause in hostilities between the US and Iran over the weekend.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.3% higher.The US did not strike any Iranian targets on Saturday or Sunday after 13 consecutive nights of attacks. The US ambassador to the United Nations, Mike Waltz, told Fox News that President Donald Trump has halted the attacks for the meantime to allow more time for diplomacy. Iran said it will suspend its own attacks as long as the US does the same, Reuters reported Sunday, citing a senior Iranian official.Traders anticipate another round of earnings this week, kicked off by AstraZeneca (AZN), which posted higher Q2 core earnings and revenue.Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon.com (AMZN), Lam Research (LRCX), and Arm (ARM) are set to release their financial results this week. Anticipated earnings also include Seagate Technology (STX), Qualcomm (QCOM), Procter & Gamble (PG), Visa (V), and Mastercard (MA).Traders also look forward to the Federal Reserve's policy session and rate statement, slated for Wednesday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 5.2% at $86.94 per barrel and US West Texas Intermediate crude 6% lower at $83.97 per barrel.Durable goods new orders rose 0.3% in June after a 4.0% decline in the prior month, compared with expectations for a 1.8% increase in a survey compiled by Bloomberg. The Dallas Fed manufacturing survey for July will be released at 10:30 am ET.In other world markets, Japan's Nikkei closed 0.5% higher, Hong Kong's Hang Seng ended 1% higher, and China's Shanghai Composite finished 1.2% higher. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 1.6% higher in Europe's early afternoon session.In equities, energy-related stocks were on the downswing due to the drop in oil prices. Exxon Mobil (XOM) shares fell 3.4%, Chevron (CVX) stocks were down 2.7%, and Shell (SHEL) shares were 2.3% lower.On the winning side, Broadcom (AVGO) stock was up 2.1% after the company and Samsung Electronics said they signed a memorandum of understanding to expand their strategic collaboration across memory and foundry technologies to support next-generation artificial intelligence infrastructure. Advanced Micro Devices (AMD) shares rose 2.2% after a Korea Times report cited the Ministry of Science and ICT as saying that the company partnered with South Korea to establish an artificial intelligence research facility and expand computing infrastructure. Toyota Motor (TM) stock was up 1.6% after the company said it signed a binding agreement with Volvo Group and Daimler Truck to acquire a one-third stake in fuel-cell joint venture Cellcentric.