All articles tagged with #wall street futures
Investors monitor the evolving U.S.-Iran peace framework as futures hover near flat; Brent crude slips while the Bank of Japan raises rates to 1.0% and signals tighter policy; SpaceX shares continue to soar after its historic IPO, lifting sentiment ahead of a busy week for central banks.
U.S. stock index futures rose after Washington and Tehran announced a peace deal to end the war and reopen key Middle East shipping lanes, with focus on a Federal Reserve meeting expected to keep interest rates unchanged. S&P 500 futures jumped about 1.3%, Nasdaq-100 futures rose near 2%, and Dow Jones futures gained around 1%, aided by SpaceX’s trading debut.
U.S. stock futures fell in premarket trading as investors await the May CPI data, with tech shares sinking on AI-exuberance worries and rising Iran-Israel tensions; Dow futures tumbled about 411 points (-0.8%), S&P 500 futures roughly -1.0%, and Nasdaq-100 futures around -1.5% as semiconductor names leading declines. Oracle earnings after the bell could test AI enthusiasm. Economists expect CPI to show 4.2% year over year and 0.5% month over month, with core CPI at 2.9% (YoY) and 0.3% (MoM). Brent crude also rose on ongoing Middle East tensions.
Asian stock markets and Wall Street futures rose after a weekend deal by US President Joe Biden and House Speaker Kevin McCarthy to suspend the government's debt ceiling provided relief for investors. However, China worries capped sentiment, with falls in Chinese and Hong Kong shares offsetting gains seen elsewhere. The deal now has to clear a narrowly divided Congress before the United States runs out of money to pay its debts in early June.