US Equity Futures Mixed Pre-Bell as Middle East Tensions Intensify, Major US Banks Post Earnings
US equity futures were mixed pre-bell Tuesday as traders monitored the unabated rise of tensions in the Middle East, as well as the financial results of major US banks. Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.6% higher. US Central Command completed another series of attacks against Iran on Monday night, its third consecutive wave, aiming to "continue imposing a heavy cost on Iranian forces and degrade their ability to attack innocent civilians and commercial shipping in the Strait of Hormuz," the command said in a post on X. Meanwhile, President Trump said the US is reinstating the blockade on Iranian vessels. "The U.S.A. will be, from this point forward, known as "THE GUARDIAN OF THE HORMUZ STRAIT," but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped," Trump said in a post on Truth Social. Traders digested the latest round of earnings, with JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) all reporting higher Q2 earnings and revenue. Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.4% at $86.15 per.
US equity futures were mixed pre-bell Tuesday as traders monitored the unabated rise of tensions in the Middle East, as well as the financial results of major US banks.
Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.6% higher.
US Central Command completed another series of attacks against Iran on Monday night, its third consecutive wave, aiming to "continue imposing a heavy cost on Iranian forces and degrade their ability to attack innocent civilians and commercial shipping in the Strait of Hormuz," the command said in a post on X.
Meanwhile, President Trump said the US is reinstating the blockade on Iranian vessels. "The U.S.A. will be, from this point forward, known as "THE GUARDIAN OF THE HORMUZ STRAIT," but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped," Trump said in a post on Truth Social.
Traders digested the latest round of earnings, with JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) all reporting higher Q2 earnings and revenue.
Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.4% at $86.15 per.