U.S. stock futures fell on Tuesday as rising tensions between the United States and Iran revived concerns about inflation, and high oil prices added pressure. Dow Jones Industrial Average futures (YM=F) fell 0.2%, while S&P 500 futures (ES=F) fell 0.5%. Contracts for the Nasdaq-100 (NQ=F) fell 1.3%, leading major indices lower after a bearish start to the trading week. Oil prices rose to their highest level in more than two weeks after President Trump said he intends to inflict more economic pain on Iran and threatened to “bomb” Oman if it interferes with US plans for the Strait of Hormuz. Brent crude futures (BZ=F), the international benchmark, hit $91 a barrel, and U.S. benchmark West Texas Intermediate crude futures (CL=F) rose to $84 a barrel as the U.S. Strategic Petroleum Reserve plummeted to its lowest level since 1982. Rising oil prices, a wave of AI borrowing and concerns about government borrowing have also raised prices. global bond yields. In the US, the 10-year Treasury yield (^TNX) rose to 4.74%, and the 30-year yield (^TYX) advanced to 5.32%, a 19-year high. Meanwhile, earnings have supported the stock so far this reporting season. While the second-quarter reporting period has slowed, Home Depot (HD) stock rose 1% before the bell after reporting improved sales for the second quarter as customers shifted toward smaller projects over the summer. Toll Brothers (TOL) and Klarna (KLAR), among others, are on deck.
