Stock Market Today: Dow Jones, S&P 500, Nasdaq 100 Futures Fall as Trump Rejects Extending Ceasefire With Iran—Home Depot, Super League, Flexsteel in Focus (UPDATED)
Key takeaways
- Geopolitical tension and weak housing data pushed U.S. equities lower, while higher energy prices and rising Treasury yields added headwinds for the market.
- Brent crude >$91
- WTI ~ $84
- 10‑year Treasury yield 4.74%
What happened
U.S. stock futures slipped as the Dow, S&P 500 and Nasdaq 100 fell after President Trump rejected extending a cease‑fire with Iran, sparking renewed Middle East tensions. Housing starts dropped 12.4% month‑over‑month in July, while import prices held steady. Energy markets saw Brent crude above $91 and WTI around $84, reflecting geopolitical jitters. The 10‑year Treasury yield was 4.74% and the 2‑year was 4.19%, with the FedWatch tool pricing a 36.6% chance of a rate hike in September.
Why it matters
The cease‑fire rejection heightens fears of supply disruptions in the Strait of Hormuz, pushing energy prices higher and weighing on risk‑seeking sentiment. Weak housing starts signal a slowdown in consumer spending, dampening corporate earnings expectations. Rising Treasury yields and a 36.6% probability of a Fed…
Short-term and longer-term
Short-term. Short‑term traders should watch the 10‑year Treasury yield for any further moves that could tighten equity valuations.
Longer-term. Over the next few weeks, investors should monitor how the market digests the geopolitical risk and the Fed’s policy stance.