U.S. stocks edged lower as investors navigated a mix of rising oil prices, corporate earnings signals, and shifting expectations around Federal Reserve policy. The Dow, S&P 500, and Nasdaq all turned down after early gains, reflecting a market grappling with geopolitical tensions and inflation concerns. Indexes Pull Back All three major indexes slipped roughly between 0.3% and 0.6%, giving back some of the previous session’s momentum. The downturn followed renewed volatility in energy markets and cautious sentiment around consumer spending. Oil Prices Add Fresh Pressure Crude prices extended their sharp rally, driven by heightened worries over a potential U.S.–Iran conflict. Brent crude climbed above $71 per barrel, while West Texas Intermediate hovered near $66 — its biggest daily jump since October. Rising energy costs revived inflation concerns and weighed on equities. Walmart Earnings in Focus Walmart posted stronger‑than‑expected results, but its cautious pro...
US Futures Rise as Dow Eyes Fresh Record Amid Bets on Trump
US stock futures climbed on Monday as investors weighed the market impact of a shooting attack on presidential candidate Donald Trump. The incident overshadowed the return of earnings season, but optimism remained high.
- Dow Jones Industrial Average (YM=F) rose 0.5%: The blue-chip gauge ended last week just a few points away from an all-time high.
- S&P 500 (ES=F) added 0.4%: Stocks poised to build on Friday’s gains as JPMorgan Chase and Wells Fargo ushered in earnings season.
- Nasdaq 100 (NQ=F) gained 0.5%: Tech-heavy stocks also contributed to the rally.
Investors focused on the potential fallout from the assassination attempt on Trump at a rally on Saturday. Bets ramped up on a win in November’s presidential election for the Republican front-runner, seen as likely to cut taxes, raise trade tariffs, and ease up on regulation.
Other notable points:
- 10-year Treasury yield (^TNX) rose over 2 basis points to trade around 4.21%.
- 30-year yield (^TYX) also gained, steepening the yield curve.
- Dollar (DX=F) edged up, and bitcoin (BTC-USD) surged to a two-week high above $62,830 amid speculation around former President Trump.
- Trump Media & Technology (DJT) stock soared over 50% in pre-market trading.
In corporate news:
- Alphabet (GOOG, GOOGL) is reportedly in talks for a $23 billion deal to buy cybersecurity start-up Wiz.
Later today, investors will closely listen to Jerome Powell’s comments for hints on the Federal Reserve chair’s view of the latest data.
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