US stock futures rise after US strike on Iran, concerns over escalating tensions and possible economic impact.

From Yahoo Finance: 2025-06-23 06:23:00

U.S. stock futures are slightly higher after a surprise U.S. strike on Iran. President Trump called it a success, but other officials were more measured. Futures for the Dow, S&P 500, and Nasdaq all rose. The 10-year Treasury yield increased to 4.391%.

Investors fear escalating tensions could impact the economy, oil prices, and inflation. Oil prices briefly rose but then dropped slightly. The potential closure of the Strait of Hormuz, a key oil route, is a major concern for markets.

Iran may retaliate by closing the Strait of Hormuz or striking U.S. bases. Secretary of State Rubio urged China to prevent a blockade. China condemned the U.S. attack, calling for a ceasefire but offering no substantial help to Iran.

Bitcoin briefly fell below $100,000 after the strikes but has since recovered. Metaplanet acquired 1,111 bitcoins for $117 million. Norway will ban power-intensive crypto mining, while Texas established a Strategic Bitcoin Reserve. Tesla launched its robotaxi service, and Northern Trust is in talks for a merger. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling by 500 points. This was attributed to concerns over rising inflation and interest rates.

2. In sports news, the basketball team secured a spot in the playoffs with a win against their biggest rival. The star player scored a season-high 30 points, leading the team to victory.

3. A new study found that 70% of Americans are in favor of stricter gun control laws. This comes after a recent surge in mass shootings across the country, sparking a national debate on gun violence and safety measures.



Read more at Yahoo Finance: US stock futures edge up as world awaits Iran response to US strikes