Stock Market Today: S&P 500, Dow, Nasdaq 100 Futures Drop After Trump Says Iran Is ‘Totally Defeated’, Brent Tops $92 — CBRS, PXS, PANW, DELL in Focus (UPDATED)
Key takeaways
- Oil surges on Trump’s Middle East threat, while tech earnings and Fed rate expectations keep markets on edge.
- Brent crude up 4.46% to $92.31
- 10‑year Treasury yield 4.79%
- 2‑year Treasury yield 4.36%
What happened
U.S. stock futures slipped as the Dow, S&P 500 and Nasdaq 100 fell after President Donald Trump said Iran was "totally defeated" and threatened further strikes, while Brent crude jumped 4.46% to $92.31 a barrel. Tech earnings were set to be released for Palo Alto Networks (PANW), Dell Technologies and MongoDB (MDB). The 10‑year Treasury yield was 4.79% and the two‑year was 4.36%, with the FedWatch tool pricing a 66.4% chance of a rate hike at the September meeting.
Why it matters
The rally in oil prices reflects heightened geopolitical risk, which can lift energy stocks and pressure equity markets. Trump’s rhetoric may also influence U.S. foreign policy and market sentiment toward Middle East stability. The earnings releases from key AI and tech infrastructure firms could provide a gauge of…
Short-term and longer-term
Short-term. Short‑term traders should monitor the oil‑related rally and the earnings releases of PANW, DELL and MDB for potential volatility.
Longer-term. Over the next few weeks, investors should assess whether the AI‑driven earnings from PANW, DELL and MDB sustain the sector’s growth trajectory amid rising costs.