Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting Club
PRO
LivestreamMenuTraders work on the floor of the New York Stock Exchange (NYSE) on February 13, 2026 in New York City. Spencer Platt | Getty Images
Stock futures were little changed on Monday night, following a losing session in which traders tried to weather increasing tensions between Iran and the U.S. Wall Street also awaited the release of key corporate earnings and fresh inflation data.
Dow Jones Industrial Average futures fell 40 points, or 0.1%. S&P 500 futures hovered just below the flatline along with Nasdaq-100 futures.
The major U.S. stock benchmark dropped in regular trading after President Donald Trump said he would reinstate a blockade on Iranian shipping through the key Strait of Hormuz.
“We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran’s ships or customers from entering or leaving,” Trump said in a post on Truth Social.
The announcement sent oil prices surging and stocks sliding. The S&P 500 shed 0.8% on the day, while the Nasdaq Composite dropped 1.6%. The Dow pulled back by more than 100 points, or around 0.3%. Brent crude soared more than 9% for its biggest one-day gain since 2020.
Treasury yields rose sharply as well, as investors feared higher oil prices could keep inflation elevated.
The volatility comes as Wall Street awaits the release of corporate earnings reports. JPMorgan Chase, Goldman Sachs and Bank of America are among the companies set to report Tuesday before the bell.
“Today was a little bit of an outlier. Everything was kind of down today. But in general, it doesn’t really change the way we look at the earnings season. We feel pretty constructive about large tech in general. We do think earnings have some upside,” Michael Graham, director of research and investment strategy at Canaccord Genuity, told CNBC’s “Closing Bell: Overtime.”
Analysts expect S&P 500 earnings grew by 23.6% in the second quarter from the year-earlier period, per FactSet.
Inflation data for June is also on deck Tuesday, with the latest consumer price index reading scheduled for 8:30 a.m. ET. Fed Chairman Kevin Warsh also will meet with lawmakers on Capitol Hill Tuesday as part of his two-day “Humphrey Hawkins” reports on monetary policy. It is the first time, the new Fed chief will present the central bank’s semiannual reports.
1 Hour Ago
What to expect from the June CPI report
Economists polled by Dow Jones expect consumer goods prices fell by 0.2% in June, putting headline inflation at a 3.8% rate. The decline is due to a pullback in energy prices during the month, as crude plunged 25% in June.
When it comes to core prices, which strip out food and energy, CPI is expected to have risen by 0.2% with an annual rate of 2.8% — well above the Fed’s 2% target.
— Jeff Cox
1 Hour Ago
U.S. launches strikes against Iran for third consecutive night, CENTCOM says
U.S. Central Command said Monday evening that the U.S. launched attacks against Iran for the third straight night, as tensions between the two countries continue to escalate.
“These strikes will continue imposing a heavy cost on Iranian forces and degrade their ability to attack innocent civilians and commercial shipping in the Strait of Hormuz,” CENTCOM said in a post on X.
— Fred Imbert
1 Hour Ago
Brent sees biggest daily jump since 2020
Brent crude recorded its biggest one-day gain in more than six years on Monday.
The international benchmark’s September contract rose 9.6%. The last time it saw a bigger daily advance was in May 2020, when it climbed nearly 14%.
Brent ended Monday at $83.80 per barrel, its highest settle in about a month.
— Alex Harring, Chris Hayes
1 Hour Ago
Stock futures open little changed
Dow Jones Industrial Average futures fell just 15 points. S&P 500 futures hovered just below the flatline along with Nasdaq-100 futures.
— Fred Imbert
About The Author
