Oil Prices Rise as Hormuz Tensions Threaten Supply 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
OPEC+ Expected to Hold October Oil Output Steady 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Gold Prices Rise as Yen Rally Weakens Dollar 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Gold Holds Near $4,400 as Fed Hike Bets Rise 
Yen Rebounds as BOJ Rate Hike Bets Rise 
China Expands Influence in Global Gold Market 
UK House Prices Fall for First Time Since 2023 
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The S&P 500 closed slightly higher on Tuesday, supported by renewed strength in tech stocks as traders increased their bets on a Federal Reserve rate cut. By the closing bell, the Dow Jones Industrial Average climbed 0.4%, the S&P 500 added 0.2%, and the NASDAQ advanced 0.6%.
Market optimism grew after the latest ISM data signaled continued weakness in U.S. manufacturing, reinforcing expectations that the Fed could begin easing policy as soon as next week. Futures markets now price in an 86% chance of a 25-basis-point cut at the Dec. 9–10 Fed meeting. Softer economic indicators, easing inflation pressures, and recent remarks from Fed officials hinting at earlier-than-expected cuts have fueled this shift in sentiment.
Speculation surrounding future Fed leadership is also influencing markets, with reports suggesting White House economic adviser Kevin Hassett has become the leading contender to replace Chair Jerome Powell when his term expires next year. Adding to the momentum, Bank of America revised its outlook, now anticipating a December cut and projecting two more reductions in mid-2026, citing potential policy changes under new leadership.
In corporate news, Marvell Technology is set to headline a light earnings calendar, while MongoDB surged over 22% after raising its full-year guidance. Media reports also surfaced that Marvell is in advanced talks to acquire AI chip startup Celestial AI in a multibillion-dollar deal.
Dell Technologies gained after President Donald Trump praised the Dell family for announcing a massive $6.25 billion philanthropic initiative, providing $250 to each of 25 million U.S. children as part of the broader “Invest America” program.
Boeing shares jumped 10% after forecasting positive free cash flow for 2026 and securing a $104.4 million U.S. Navy contract for aircraft display repairs.
In crypto markets, Bitcoin rebounded more than 7% to reclaim the $90,000 level, boosting sentiment and lifting related stocks including MicroStrategy, Coinbase, and Marathon.
