Latest news with #S&P500E-minis
Mint
23-06-2025
- Business
- Mint
Wall Street Live: US stock futures fall as Iran vows retaliation to airstrikes
US stock futures slipped on Monday as Iran vowed retaliation to the US airstrikes on its nuclear facilities over the weekend. Investors fear a broader conflict in the Middle East as Tehran warned that the US attack had expanded the scope of its military action. At 07:43 AM ET, Dow E-minis were down 98 points, or 0.23%, S&P 500 E-minis were down 10.25 points, or 0.17%, and Nasdaq 100 E-minis were down 45.75 points, or 0.21%. Oil prices climbed in a volatile session amid concerns around Iran shutting the Strait of Hormuz, a key oil supply route. Brent futures were up 1.2% at $77.91 a barrel as of 07:22 AM ET.
Yahoo
18-06-2025
- Business
- Yahoo
Wall Street futures steady ahead of Fed's interest rate verdict
(Reuters) -U.S. stock index futures edged higher on Wednesday ahead of the Federal Reserve's monetary policy decision, while the Israel-Iran conflict entered its sixth day, with new missile strikes launched from both sides. A Federal Reserve monetary policy decision is due at 02:00 p.m. ET where policymakers are widely expected to leave interest rates unchanged at the 4.25%-4.5% range. Investors will focus on Fed Chair Jerome Powell's comments to gauge how he plans to combat the risk of rising prices, which remain a dominant concern for the central bank. The central bank is expected to balance the risk of slowing growth and higher inflation. "A lot has happened since their last meeting in early May ... given that uncertainty and the potential for fresh inflationary spikes, they're widely expected to keep rates on hold again," Jim Reid, global head of macro and thematic research at Deutsche Bank, said in a note. Money market moves show traders are pricing in about 46 basis points of rate cuts by the end of 2025, with a 56% chance of a 25-bps rate cut in September, according to CME Group's FedWatch tool. With conflict escalating in the oil-rich Middle East, markets have been on edge over the possibility of a more direct U.S. military involvement in the Israel-Iran aerial war. A source familiar with internal discussions said U.S. President Donald Trump and his team were considering a number of options, which included joining Israel in strikes against Iranian nuclear sites. At 05:37 a.m. ET, Dow E-minis were up 89 points, or 0.21%, S&P 500 E-minis were up 16.5 points, or 0.28%. Nasdaq 100 E-minis were up 75.5 points, or 0.35%. Initial jobless claims data is scheduled at 08:30 a.m. ET. Among premarket movers, shares of Tesla rose nearly 1%. Shares of stablecoin issuer Circle Internet rose 3.1% after the U.S. Senate passed a bill to create a regulatory framework for dollar-pegged cryptocurrency tokens known as stablecoins. Sign in to access your portfolio
Yahoo
18-06-2025
- Business
- Yahoo
Wall Street futures steady ahead of Fed's interest rate verdict
(Reuters) -U.S. stock index futures edged higher on Wednesday ahead of the Federal Reserve's monetary policy decision, while the Israel-Iran conflict entered its sixth day, with new missile strikes launched from both sides. A Federal Reserve monetary policy decision is due at 02:00 p.m. ET where policymakers are widely expected to leave interest rates unchanged at the 4.25%-4.5% range. Investors will focus on Fed Chair Jerome Powell's comments to gauge how he plans to combat the risk of rising prices, which remain a dominant concern for the central bank. The central bank is expected to balance the risk of slowing growth and higher inflation. "A lot has happened since their last meeting in early May ... given that uncertainty and the potential for fresh inflationary spikes, they're widely expected to keep rates on hold again," Jim Reid, global head of macro and thematic research at Deutsche Bank, said in a note. Money market moves show traders are pricing in about 46 basis points of rate cuts by the end of 2025, with a 56% chance of a 25-bps rate cut in September, according to CME Group's FedWatch tool. With conflict escalating in the oil-rich Middle East, markets have been on edge over the possibility of a more direct U.S. military involvement in the Israel-Iran aerial war. A source familiar with internal discussions said U.S. President Donald Trump and his team were considering a number of options, which included joining Israel in strikes against Iranian nuclear sites. At 05:37 a.m. ET, Dow E-minis were up 89 points, or 0.21%, S&P 500 E-minis were up 16.5 points, or 0.28%. Nasdaq 100 E-minis were up 75.5 points, or 0.35%. Initial jobless claims data is scheduled at 08:30 a.m. ET. Among premarket movers, shares of Tesla rose nearly 1%. Shares of stablecoin issuer Circle Internet rose 3.1% after the U.S. Senate passed a bill to create a regulatory framework for dollar-pegged cryptocurrency tokens known as stablecoins. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-06-2025
- Business
- Yahoo
Wall Street futures edge lower as Mideast conflict continues
(Reuters) -U.S. stock index futures edged lower on Tuesday as conflict in the Middle East entered its fifth day, dampening global investor confidence ahead of the Federal Reserve's upcoming policy meeting. Iran and Israel's air war, which began on Friday when Israel attacked Iran's nuclear facilities, has raised concerns that the conflict could create bottlenecks for oil exports from the oil-rich Middle East. U.S. energy stocks rose in premarket trading as oil prices remained elevated on the uncertainty. Shares of Chevron and Exxon were up nearly 1% each. The surge in oil prices comes ahead of the Fed's monetary policy decision on Wednesday, when policymakers are widely expected to keep interest rates unchanged. Money market moves show traders are pricing in about 48 basis points of rate cuts by the end of 2025, with a 59% chance of a 25-bps rate cut in September, according to CME Group's Fedwatch tool. At 5:33 a.m. ET, Dow E-minis were down 269 points, or 0.63%, S&P 500 E-minis were down 37.25 points, or 0.62%. Nasdaq 100 E-minis were down 138.5 points, or 0.63% U.S. Senate Republicans late on Monday unveiled proposed changes to President Donald Trump's sweeping tax-cut bill that had cleared the House of Representatives in May. "The Senate's version of tax legislation looks broadly similar to the House-passed version in its near-term fiscal effects but would likely cost ... a few hundred billion dollars more over the next decade," said Goldman Sachs strategists in a note. Solar stocks dipped after the Senate's changes to Trump's tax-cut bill revealed a phase-out of solar, wind and energy tax credits by 2028. Shares of Enphase Energy, which makes solar inverters, dropped 17%. Solar panel sellers Sunrun fell 27.5% and SolarEdge Technologies dropped more than 21.6%. First Solar lost nearly 11%. Shares of nuclear power companies rose after the Senate extended credits for nuclear energy to 2036. Oklo was up 1.9% and Nano Nuclear Energy rose 2.2%. As investors flock to traditional safe-haven assets amid heightened geopolitical uncertainty, a rise in U.S. Treasuries pushed yields lower across the curve. Yields on the benchmark 10-year fell about 3 basis points to 4.42%. Among other movers, Eli Lilly is in advanced talks to acquire gene editing startup Verve Therapeutics for up to $1.3 billion, according to a report. Shares of the drugmaker fell 1.2%, while Verve advanced 82.9%. Key data for the day includes monthly retail sales and import prices scheduled at 08:30 a.m. ET. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
US stock futures steady with focus on Mideast tensions, Fed meeting
(Reuters) -U.S. stock index futures edged higher on Monday as easing oil prices helped calm sentiment despite ongoing attacks between Iran and Israel and increased focus on the upcoming Federal Reserve meeting. Wall Street indexes shed more than 1% on Friday as oil prices surged 7% after Israel and Iran traded air strikes, feeding investor worries that the combat could widely disrupt oil exports from the Middle East. The dangers of further escalation loomed over a meeting of the Group of Seven leaders in Canada, with U.S. President Donald Trump expressing hope on Sunday that a deal could be done, but no signs of the fighting abating on the fourth day of war. Crude prices, however, pulled back slightly from January highs, offering some respite to investors worried about a resurgence in inflation. The surge in oil prices comes ahead of the Fed's monetary policy decision on Wednesday, when policymakers are widely expected to keep interest rates unchanged. Investors will focus on Fed Chair Jerome Powell's comments as well as the central bank's updated projections for monetary policy and the economy for clues on potential rate cuts later this year. Money market moves show traders are pricing in about 48 basis points of rate cuts by the end of 2025, with a 55% chance of a 25-bps rate cut in September, according to CME Group's Fedwatch tool. "We expect the median participant to take on a more stagflationary flavor following April's tariff surprises, despite eased financial conditions from the weaker dollar, with higher inflation and downgraded GDP growth in 2025," Barclays strategists said in a note. "The dot plot is likely to show delayed rate cuts, with just one this year and three in 2026." Key data this week includes monthly retail sales and import prices. By 5:38 a.m. ET (0938 GMT), S&P 500 E-minis were up 23.75 points, or 0.4%, Nasdaq 100 E-minis rose 99 points, or 0.46%, and Dow E-minis added 143 points, or 0.34%. Shares of Sarepta Therapeutics plunged 30% in premarket trading after the company disclosed a second case of patient death due to acute liver failure after receiving its gene therapy for a rare form of muscular dystrophy. U.S. Steel rose 5% after Trump approved Nippon Steel's $14.9 billion bid for the company. Sign in to access your portfolio
