U.S. equity markets climbed as investors grew confident that U.S.–Iran tensions would remain contained, even amid ongoing geopolitical uncertainty. The S&P 500 futures edged up 0.1 %, while Nasdaq futures rose 0.6 %. Semiconductor shares benefited from the strong debut of SK Hynix’s U.S. deposit certificates, and European and U.S. pre‑market trading saw gains in chipmakers.
Oil prices fluctuated around $78 per barrel, while U.S. Treasury yields fell to 4.20 % on the two‑year note. The dollar index remained largely unchanged.
In the Middle East, the United States struck about 90 Iranian targets to weaken Tehran’s ability to threaten commercial shipping in the Strait of Hormuz, a move that keeps prospects for a lasting peace agreement uncertain.
U.S. earnings season opened with mixed results: PepsiCo reported modestly lower organic sales growth for Q2, and Levi Strauss shares fell 6 % in pre‑market trading after earnings forecasts were below expectations.