Stock futures are flat as traders monitor latest developments in U.S.-Iran war: Live updates
#stock futures #U.S.-Iran tensions #oil prices #market volatility #S&P 500 #Dow Jones #monetary policy #earnings reports
π Key Takeaways
- Stock futures were little changed Tuesday night following volatile U.S. equity trading
- All 11 S&P 500 sectors closed lower amid rising oil prices from U.S.-Iran tensions
- President Trump announced maritime risk insurance for Persian Gulf trade
- Crude oil prices surged over 4.7% amid geopolitical concerns
- UBS maintained its favorable stock outlook with a 7,700 S&P 500 year-end target
π Full Retelling
Stock futures remained little changed Tuesday night following a volatile session for U.S. equities as investors monitored escalating tensions between the U.S. and Iran that were affecting oil prices and economic outlook. The Dow Jones Industrial Average futures lost 47 points, or 0.1%, while S&P 500 futures fell 0.08% and Nasdaq 100 futures dropped 0.04% as traders assessed the potential economic impact of rising crude oil prices amid geopolitical uncertainty. Major stock averages closed Tuesday's session in the red but recovered significantly from their intraday lows. The Dow Industrials ended down just over 400 points, or 0.8%, after falling more than 1,200 points at the session's low. The S&P 500 slipped about 0.9% and the Nasdaq Composite closed down 1%. All 11 sectors of the S&P 500 closed lower, with materials performing worst at -2.7%, followed by industrials at nearly -2%. The market volatility came as President Donald Trump announced the U.S. would provide risk insurance to all maritime trade through the Persian Gulf, following threats from an Iranian Revolutionary Guard commander to set fire to ships attempting passage through the Strait of Hormuz.
π·οΈ Themes
Market Volatility, Geopolitical Risk, Energy Prices, Earnings Season
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Stock futures were little changed Tuesday night after a volatile session for U.S. equities. Futures tied to the Dow Jones Industrial Average lost 47 points, or 0.1%. S&P 500 futures fell 0.08%, while Nasdaq 100 futures dropped 0.04%. Major stock averages closed the previous session in the red, albeit far off of their lows of the day. The S&P 500 slipped about 0.9%, while the Dow lost about 403 points, or 0.8%. At one point, the Dow Industrials fell more than 1,200 points. The Nasdaq Composite closed down 1%. Each of the S&P 500's 11 sectors closed lower. Materials was the worst-performing sector, dropping 2.7%, followed by industrials, down nearly 2%. Investors throughout the session weighed concerns about how rising oil prices could potentially affect the U.S. economy and future monetary policy decisions. President Donald Trump said on Tuesday that the U.S. would provide risk insurance to all maritime trade through the Persian Gulf, in an effort to get tankers moving through the Strait of Hormuz. Tanker traffic through the Strait β the world's most vital transit route for crude oil β came to a halt after the Iranian Revolutionary Guard commander threatened to set fire to ships attempting the route. Brent crude oil futures settled up 4.71%, while West Texas Intermediate crude futures advanced 4.68%. Both ended Tuesday's trading off their session highs. "Amid all the noise we might be seeing some opportunities start to emerge in markets for longer term investors, in our view, especially if we start to see energy prices stabilize and potentially moderate in days and weeks ahead," said James McCann, senior economist at Edward Jones, in a note. Heading into Wednesday, traders will be watching the ADP private payrolls report. The Dow Jones consensus calls for 48,000 jobs added in February, up from 22,000 in January . On the earnings front, traders will watch for quarterly results from Abercrombie & Fitch , Broadcom and Okta . 9 Min Ago Stock outlook remains favorable, UB...
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