Midday Need to Know: Hormuz ceasefire expires, Copper prices rally & more (SPY:NYSEARCA)
US stock futures are little changed as investors weigh the impact of the expired Hormuz ceasefire and recent earnings reports. The S&P 500 and Nasdaq are steady, with copper prices rallying. Investors are cautious ahead of retail earnings reports.
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- ✓ S&P 500 and Nasdaq open higher as investors weigh report of fresh U.S.-Iran peace deal.
- ✓ Stock futures are little changed after S&P 500 posts three-week win streak.
- ✓ Wall St futures steady as rate hike fears ease; earnings buoy stocks.
What changed
The Hormuz ceasefire has expired, adding uncertainty to the market.
Live updates
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US stocks steady as Hormuz ceasefire expires
US stock futures are little changed as investors weigh the impact of the expired Hormuz ceasefire and recent earnings reports. The S&P 500 and Nasdaq are steady, with copper prices rallying. Investors are cautious ahead of retail earnings reports.
Why it matters
The Hormuz ceasefire's expiration has raised concerns about potential disruptions to global oil supplies. Recent earnings reports have buoyed stocks, easing rate hike fears. The steady stock market reflects a wait-and-see approach by investors.
What is confirmed
- S&P 500 and Nasdaq open higher as investors weigh report of fresh U.S.-Iran peace deal.
- Stock futures are little changed after S&P 500 posts three-week win streak.
- Wall St futures steady as rate hike fears ease; earnings buoy stocks.
Still unconfirmed
- Report of fresh U.S.-Iran peace deal
What to watch next
- US retail earnings reports
- Development in U.S.-Iran relations
- Global oil supply disruptions
confidence 80%Sources used for this update (5)
- Reuters — S&P 500, Nasdaq open higher as investors weigh report of fresh U.S.-Iran peace deal
- cnbc.com — Stock futures are little changed after S&P 500 posts three-week win streak: Live updates
- Investing.com — Wall St futures steady as rate hike fears ease; earnings buoy stocks
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures waver ahead of retail earnings
- Seeking Alpha — Midday Need to Know: Hormuz ceasefire expires, Copper prices rally & more (SPY:NYSEARCA)
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