Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
S&P 500, Nasdaq Hit Record Highs as Iran Ceasefire Talks and AI Rally Boost Markets 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
U.S. Stock Futures Rise Ahead of Tech Earnings and Fed Meeting
U.S. stock index futures saw modest gains during Sunday evening trading, as investors await a week of critical earnings reports from major tech companies. Following a positive Friday session, the market is approaching recent record highs, bolstered by optimism about the U.S. economy and strong earnings results.
However, the market's upward momentum appears to be cooling due to concerns about high stock valuations, upcoming Federal Reserve meetings, and uncertainty surrounding the 2024 U.S. presidential election.
Futures Performance
By 19:18 ET (23:18 GMT), S&P 500 Futures edged up 0.1% to 5,914.50 points, Nasdaq 100 Futures climbed 0.2% to 20,519.75 points, and Dow Jones Futures rose 0.1% to 43,565.0 points.
Focus on Tech Earnings
This week, several major tech companies will report earnings, with Tesla Inc. taking center stage. Investors closely watched Tesla after its recent underwhelming robotaxi reveal and missed third-quarter delivery expectations.
Key semiconductor companies like Texas Instruments, Western Digital, and Lam Research are also set to report, following mixed results from ASML and TSMC.
Beyond tech, earnings from defense giants such as Lockheed Martin and Northrop Grumman are anticipated, alongside reports from telecom majors T-Mobile and Verizon.
Wall Street Momentum
Last week’s strong performance in the tech and banking sectors pushed Wall Street toward record highs. The S&P 500 rose 0.4%, while the Nasdaq Composite climbed 0.6%. With more earnings on the horizon, market volatility is expected as investors focus on both earnings and interest rate expectations.
