Fervent Wealth Management

Stocks Open Mostly Lower on Mixed Signals Around the Mideast

At the Open: The S&P 500’s longest winning streak in over a year showed signs of taking a breather early Tuesday morning. Mixed sentiment around the U.S.-Iran conflict drove muted trading after Tehran threatened to suspend negotiations with Washington due to escalating Israeli attacks against Iranian-backed Hezbollah in Lebanon. However, President Trump remained optimistic a deal can be reached in fairly short order. Elsewhere, headlines featured the White House paring back some steel and aluminum tariffs, while today’s calendar is highlighted by the JOLTS jobs report this morning and Palo Alto Networks’ (PANW) earnings after the close. Treasury yields fell across the curve.



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Stocks Open Slightly Higher Amid AI-Related, Geopolitical Headlines

At the Open: U.S. stocks were poised to kick off the month of June on a slightly positive note as futures contracts edged higher ahead of Monday’s opening bell. A few pieces were in play to start the week, with a ramp in U.S.-Iran strikes and Israel’s offensive in Lebanon and little new developments on negotiations on the geopolitical front. In markets, artificial intelligence (AI) remained the key tailwind on NVIDIA’s (NVDA) move into the PC market and CEO Jensen Huang dismissing disruption concerns extending a bounce in software names. Treasury yields rose, led by the short end of the curve, while manufacturing activity data highlights Monday’s macro calendar.



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Stocks Edge Lower as Markets Parse Mideast Strikes, Inflation Data

At the Open: Equity futures retreated modestly in pre-market trading as investors took some risk off the table following fresh U.S. strikes in the Strait of Hormuz. A second batch of strikes this week highlighted the fragile temporary truce between Washington and Tehran, sparking doubts around the likelihood of an imminent deal and pushing oil prices higher. Nonetheless, early morning losses were trimmed after fresh Bureau of Economic Analysis data indicated that the headline and core Personal Consumption Expenditures (PCE) indexes rose less than forecast from a month prior. Treasury yields were narrowly mixed, with the 10-year yield hovering near 4.48%, while gold prices extended Wednesday’s drop back below $4,500/ounce.



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