Dow, S&P 500 Futures Lower on Renewed U.S-Iran Tensions
Oil prices are on the rise as well
Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) futures indicate a lower open this morning, after Iran’s media reported its Navy blocked American warships from entering the Strait of Hormuz. Though the U.S. Central Command shared on X that “no U.S. Navy ships have been struck,” oil prices are higher in response, with West Texas Intermediate (WTI) last seen up 1.5%. Nasdaq-100 Index (NDX) futures are inching into the black, with investors looking ahead to this week’s employment data.
- Looking back on a busy week of tech earnings.
- This top stock pick for 2026 is flying high.
- Plus, Tyson Foods’ earnings beat; EBAY soaring on buyout offer; cruise stock sinking.
5 Things You Need to Know Today
- The Cboe Options Exchange saw more than 3.3 million call contracts and 1.5 million put contracts exchanged on Friday. The single-session equity put/call ratio stayed at 0.46, while the 21-day moving average slipped to 0.59.
- Tyson Foods Inc (NYSE:TSN) stock is 1.9% higher before the open, after the company announced better-than-expected earnings and revenue for the fiscal second quarter. So far this year, TSN has added 8.6%.
- eBay Inc (NASDAQ:EBAY) stock is 7.4% higher before the bell, after GameStop (GME) made an offer to buy the e-commerce company for roughly $55.5 billion. GameStop CEO Ryan Cohen noted the move could create strong competition for Amazon.com (AMZN). Year to date, EBAY is up 19.4%.
- Shares of Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) are 6.5% lower ahead of the open, brushing off a first-quarter earnings beat. Revenue came in below estimates and the cruise operator issued an underwhelming outlook for both the full year and current quarter, as oil prices continued to surge. Over the past 12 months, however, NCLH has added 15.7%.
- The ADP jobs report and U.S. employment data are due out this week.
European Stocks Move Lower on Geopolitical Tensions
Asian markets were mostly higher Monday, though trading was muted with Japan and China closed for a public holiday. South Korea’s Kospi surged 5.1% to a fresh record, building on last month’s strong momentum, while Hong Kong’s Hang Seng rose 1.2%.
European stocks are moving lower Monday as investors monitored geopolitical developments and energy markets. Auto stocks across the board like Continental and Volkswagen are in the red as President Trump weighs an increased 25% tariff on the European Union (EU). At last look, Germany’s DAX has shed 0.1%, while France’s CAC 40 has lost 0.9%. The FTSE 100 in London is closed for holiday.