Iran tensions weigh on markets as futures dip and oil climbs
TL;DR Summary
US stock futures fell on Tuesday as rising US-Iran tensions revived inflation concerns, with Dow futures flat, S&P 500 down about 0.5%, and Nasdaq futures down around 1%. Brent crude neared $91 and WTI around $84 as oil prices climbed, while the US Strategic Petroleum Reserve dropped to its lowest level since 1982. Bond yields rose globally (10-year ~4.72%, 30-year ~5.31%), even as earnings from Home Depot and Toll Brothers offer some support ahead of a busy reporting week (KLAR).
Topics:business#earnings-season#inflation-concerns#markets#oil-prices#stock-futures#us-iran-tensions
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