Traders work on the floor of the New York Stock Exchange (NYSE) on May 6, 2026 in New York City.
Spencer Platt | Getty Images
Stock futures edged higher early Tuesday following a sharp jump in key indexes a day earlier, powered by a decline in oil prices and gains in major tech names
Dow Jones Industrial Average futures were up about 0.2%, or 124 points. S&P 500 futures gained around 0.2%. Nasdaq-100 futures advanced 0.3%
In Asia, South Korea’s Kospi gave up earlier gains to slide 0.37%, while the small-cap Kosdaq gained over 5%. Japan’s Nikkei 225 declined 0.24%, and the Topix lost 0.25%. Australia’s benchmark S&P/ASX 200 was 1.2% higher. Hong Kong’s Hang Seng Index slid 0.7%, while mainland China’s CSI 300 added 1.2%
The major stock averages surged Monday, with the Dow closing at a record high, as Amazon eclipsed $3 trillion in market cap for the first time. Nvidia shares also ripped higher along with Meta Platforms. Google parent Alphabet and Microsoft also popped during the day
“Animal spirits are buoyant to begin the month,” said Jose Torres, senior economist at Interactive Brokers. He noted that the latest manufacturing and services sector data released Monday and “recent earnings calls boost confidence that capital return prospects could impress amid valuations that have become substantially cheaper during the deep tech selloff.”
Oil prices also fell on the day, giving equities an extra boost. WTI crude dropped 5.1% to settle at $80.34 per barrel. The move came after President Donald Trump walked back plans for additional attacks on Iran
Investors on Tuesday will pore through a slew of corporate earnings reports from companies such as Caterpillar and McDonald’s. Chipmaker AMD is also set to post results after the bell
Economic data set for release include June factory orders as well as international trade figures for the month
1 Hour Ago
Europe’s stock markets set to begin the session in positive territory
The City of London is a blend of old and new, with St Paul’s Cathedral close to skyscrapers as well as Roman ruins.
Shomos Uddin | Moment | Getty Images
European stock markets are set to begin Tuesday’s session in positive territory, with futures tied to the pan-continental Stoxx 50 up 0.33% ahead of the market open
Italy’s FTSE MIB is seen up 0.39%, with the U.K.’s FTSE 100 expected to open 0.31% higher. Germany’s DAX was up 0.23% ahead of the market open, with the French CAC 40 seen rising 0.17%
2 Hours Ago
HSBC pretax profit beats estimates, boosted by higher net interest income and fees
HSBC reported second-quarter pre-tax profit of $10.1 billion on Tuesday, exceeding analysts’ estimates on the back of stronger growth in banking net interest income and other higher fees
Revenue at Europe’s largest lender gained 16% year-on-year, helped by a one-off gain of $1.3 billion from notable items. Second-quarter profit before tax rose 60% year-on-year, also helped by a net favorable impact from notable items of $2.6 billion, the company said
The HSBC board also approved a second interim dividend of 10 cents per share. The company plans to initiate a share buyback of up to $1 billion, which it expects to be completed by the announcement of third-quarter results, it said
—Justina Lee
3 Hours Ago
Oil rises over 1% as Trump says Iran-U.S. talks ongoing
Oil rose Tuesday amid market concerns over supply disruptions, even as U.S. President Donald Trump insisted that talks between the two countries are ongoing
Clouding the Mideast diplomatic efforts, Tehran said that it had no plans for direct negotiations with <a href="https://todaytrendnews7.com/wildfires-rage-across-washington-as-drought-and-heat-fuel-painful-summer-its-not-normal/” title=”Wildfires rage across Washington as drought and heat fuel painful summer: ‘It’s not normal’”>Washington
Futures for international benchmark Brent crude for October delivery gained 1.42% at $84.97 a barrel. U.S. West Texas Intermediate futures for September advanced 1.12% at $81.24 per barrel
Conflicting reports about the progress of the Iran-U.S. talks have kept investors on tenterhooks, making it difficult to predict the near-term outlook for oil
Trump had earlier called off a planned strike on Iran, saying that Iran and its regional neighbors asked the U.S. to hold off attacks, and ‘perimeters of a deal has been agreed to’
Developments in the Middle East remains in focus. “The principal near-term risk is the Middle East conflict, which has increased volatility in energy, freight and fertilizer markets,” Westpac said in a report
— Justina Lee
5 Hours Ago
Hong Kong slips while mainland gains; Goldman sees upside in internet shares
Hong Kong’s Hang Seng Index slid 0.5% while mainland China’s CSI 300 added 0.5% in early trading
Goldman Sachs’ chief China equity strategist Kinger Lau said he is increasingly constructive on Hong Kong-listed internet and software companies, arguing their earnings outlook is improving as food-delivery subsidy wars ease and the focus shifts from AI spending toward AI monetization
“We still like the AI trade fundamentally, particularly hardware proxies. But at the same time, we think that the risk reward for some of the soft tech or application-oriented names, particularly those listed in Hong Kong, the investment case is just getting a little bit better,” he told CNBC’s China Connection
—Lee Ying Shan
5 Hours Ago
India to raise up to $3.3 billion by selling stake in country’s largest life insurer at 10% discount
The Indian government will sell up to a 6.5% stake in state-owned Life Insurance Corporation of India at a 10% discount to its Monday closing price, as it moves to comply with regulatory requirements
The stake sale will fetch the government up to 314 billion rupees ($3.3 billion) through the offer, which consists of a base size of a 2.5% stake and an option to sell an additional 4% in the country’s largest insurance company, LIC said in a stock exchange filing on Monday
The offer for sale, priced at 382 rupees per share, will open on Tuesday and end on Wednesday
— Priyanka Salve
5 Hours Ago
Yen slips after historic U.S.-Japan intervention
The yen weakened 0.2% to 157.39 per dollar on Tuesday after strengthening in previous sessions
Japan’s Finance Ministry said Monday it had conducted a coordinated yen-buying operation with the U.S. Treasury on Friday, marking a rare joint move by the two allies to stem sharp swings in the Japanese currency
Yen performance year-to-date
Martin Schulz, chief policy economist at Fujitsu, said Washington’s decision to join the intervention reflected growing confidence that Japan was finally committed to restoring currency stability through a mix of monetary tightening and fiscal expansion, he told CNBC
“Japan has allowed the yen to slip too far, causing investors to lose trust in a unilateral reversal,” he said. “As the U.S. supports yen intervention, it will also demand policies that promote foreign exchange stability.”
—Lee Ying Shan
7 Hours Ago
Asia-Pacific markets open in the green
Asia-Pacific markets traded higher on Tuesday, with South Korean equities leading gains in the region. The Kospi was up 1.46%, while the small-cap Kosdaq rose 3%
Japan’s Nikkei 225 was up 0.7%, while the Topix opened marginally above the flatline
Australia’s benchmark S&P/ASX 200 was 0.15% higher
—Lee Ying Shan
7 Hours Ago
Asia stocks set for decline as Trump warns of ‘last chance’ for Iran to reach a deal
Asia-Pacific markets were set to open lower Tuesday
Japan’s Nikkei 225 was poised to fall, with its Chicago futures contract at 63,600 and its Osaka counterpart last trading at 63,470 compared with the index’s previous close of 63,754.9
Hong Kong Hang Seng index futures were last at 25,981 compared with the index’s last close of 26,009.4
In Australia, S&P/ASX 200’s futures last traded at 8,970 compared to the index’s last close at 9,019.3
U.S. President Donald Trump said Monday that talks with Iran were underway and described them as Tehran’s “last chance” to secure a favorable agreement to end the Mideast war. Iran, however, denied that negotiations had taken place or were planned
— Lee Ying Shan
9 Hours Ago
Palantir, Snap are among the stocks moving after hours
- Palantir Technologies — The data analytics giant ripped 10% higher on blowout results for the second quarter that were powered by a nearly 150% surge in U.S. commercial revenue.
- Snap — The Snapchat parent popped 11% after releasing its results for the second quarter. The company lost 10 cents per share, though it wasn’t clear if that figure was comparable to an LSEG consensus. Revenue of $1.6 billion did beat an estimate of $1.54 billion. Global daily active users and average revenue per user — key metrics for the company — also exceeded expectations.
Read more here
— Fred Imbert
9 Hours Ago
Stock futures flat after a huge day on Wall Street
Equity futures were flat after a huge Monday rally that sent the Dow Jones Industrial average to a record high
The rally was driven by lower oil prices and tech stocks that found their footing again after a deep unwinding in the momentum trade
– Tobias Burns
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