01 Stock Market
Stock futures fell on Tuesday as President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz approached, with hopes of an agreement fading.
Dow Jones Industrial Average futures shed 156 points, or 0.3%. Futures tied to the S&P 500 were down 0.4%. Nasdaq 100 futures traded 0.6% lower.
Notable Stock Movers: Health insurers surged after a federal reimbursement ruling, with HUM up 11%, UNH up 7%, and CVS up 6.4%. Semiconductor sentiment was mixed: AVGO up 2.96% at $323.74 on an extended AI-chip pact with Alphabet, whereas NVDA down 1.3%, AMD down 1.51% at $216.85, and INTC down 1.73% at $49.90. Electric-vehicle bellwether TSLA fell 1.22% at $348.51 amid broader growth-stock profit-taking, while AMZN eased 0.39% at $211.95.
02 Other Markets
• 10-year U.S. Treasury yield rose 0.31%, to 4.35%.
• U.S. Dollar Index fell 0.04% to 99.94.
• WTI crude oil futures rose 2.2% to 114.9 USD/barrel; COMEX gold futures rose 0.02% to 4,685.80 USD/ounce.
03 Key News
U.S. Crude Oil Rises as Trump Makes Ominous Threats Against Iran Ahead of Deadline
Oil prices rose Tuesday after U.S. President Donald Trump made ominous threats against Iran ahead of the deadline he has set this evening for the Strait of Hormuz to reopen.
U.S. crude oil gained about 2.2% to $114.9 per barrel by 8:38 a.m. ET. International benchmark Brent crude futures with June delivery traded slightly higher at $110.50 per barrel.
“A whole civilization will die tonight, never to be brought back again,” Trump said in a social media post. “I don’t want that to happen, but it probably will.”
“However, now that we have Complete and Total Regime Change, where different, smarter, and less radicalized minds prevail, maybe something revolutionarily wonderful can happen,” the president said. “WHO KNOWS?”
“We will find out tonight, one of the most important moments in the long and complex history of the World,” Trump said. “47 years of extortion, corruption, and death, will finally end. God Bless the Great People of Iran!”
U.S. Hits Military Targets on Kharg Island - Reports
The U.S. has reportedly attacked military targets on Kharg Island as President Donald Trump's deadline to reopen the Strait of Hormuz approached.
Trump has said all of Iran could be "taken out in one night" if the deadline of 8 p.m. ET Tuesday isn't met.
Media reports also said electricity supply was disrupted in parts of Iran's Kharg Island after projectiles struck transmission lines.
Washington has hit dozens of military targets on the island, Fox News reported, citing U.S. officials.
ASML Shares Fall on US Congress Plan to Further Restrict China Exports
Shares of computer chip equipment maker ASML dipped on Tuesday, the first trading day after U.S. lawmakers last week proposed a law that could further restrict the company's sales to China.
Analysts said the bill, if enacted by the U.S. and enforced by the Netherlands, could lead to the first new restrictions on ASML since September 2024, blocking sales and the servicing of its DUV immersion lithography tools to customers in China.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
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