From Nasdaq: 2025-06-16 12:36:00

The S&P 500, Dow Jones, and Nasdaq indexes are all up today, with futures also showing gains. The market is reacting positively to hopes that tensions between Israel and Iran will not escalate further, despite ongoing hostilities. Crude oil prices are volatile due to attacks, but key oil infrastructure remains untouched.

Hostilities between Israel and Iran continue, with both sides exchanging attacks. The US claims not to be directly involved but could be drawn in if key strategic points are threatened. Markets are concerned about potential disruptions to global oil supply and economic impacts.

US economic news is negative, with the Empire manufacturing survey showing worse-than-expected results. Investors are watching the G-7 meeting for trade developments, as Trump is expected to announce new tariffs soon. The Fed’s FOMC meeting this week will be closely monitored for any policy changes.

Overseas markets are higher, with European bonds seeing rising yields. Swaps suggest a low chance of an ECB rate cut. Chipmakers and travel stocks are rallying, while companies like Sage Therapeutics and Roku are making significant gains. On the downside, Sarepta Therapeutics is down after a downgrade.

Earnings reports are expected from companies like Powerfleet Inc, Lennar Corp, and Digital Turbine Inc. The market remains sensitive to geopolitical tensions and economic data, with investors closely monitoring developments.



Read more at Nasdaq: Stocks Rebound on Hopes Israel-Iran Conflict Will be Contained