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Stock futures are higher as traders monitor U.S.-Iran developments; April jobs report looms: Live updates
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Stock futures are higher as traders monitor U.S.-Iran developments; April jobs report looms: Live updates CNBC Stock market today: Dow, S&P 500, Nasdaq slip as oil rises, AI trade takes a breather Yahoo Finance Asia stocks fall as US-Iran military flare-up dents peace hopes Investing.com Futures: Oil Rises As U.S., Iran Clash; Akamai, IREN Jump Late Investor's Business Daily Stock Market News, May 7, 2026: S&P 500, Nasdaq Pull Back from Records WSJ
Crude oil held most of a surge that at one point took prices above $115 a barrel as the US and Iran exchanged fire, jolting a four-week-old ceasefire and raising concerns that Middle East tensions could escalate again.Brent edged 0.5% lower to just under $114 a barrel at the open Tuesday as escalating tensions around the Strait of Hormuz raised fears about high energy prices and global inflation. Australian shares opened lower, with markets closed in Japan, South Korea and mainland China. US equity-index futures were little changed after the S&P 500 Index retreated from its record on Monday.During the US session, Treasuries fell, sending 30-year yields to the highest since July, as traders boosted wagers that the Federal Reserve will have to reverse course and raise interest rates to curb inflation following a surge in oil prices. There will be no cash trading during Asian hours due to the holiday in Japan.Renewed tensions threaten to inject fresh volatility into markets after a month-long rally that helped global equities erase war-related losses and climb to record highs on strong earnings from megacap technology companies. Investors remain focused on the Strait of Hormuz, a key waterway that has been blocked for months, keeping energy prices elevated and risking higher inflation and slower economic growth.“Even if the immediate conflict de-escalates, we expect the aftershocks will remain with us for some time,” said Darrell Cronk at Wells Fargo Investment Institute. “The effects — on energy prices, industrial activity, and geopolitical risk premia — are unlikely to fade quickly.”The US fought off Iran’s attacks as it facilitated the passage of two vessels through the Strait of Hormuz. Meantime, the UAE blamed an Iranian drone strike for a fire at its Fujairah port and issued several missile alerts for the first time since a truce between Washington and Tehran took hold.
S. Navy Ship Struck Investor's Business Daily Wall Street falls from its records and oil prices jump after fighting flares in the Middle East AP News Stock futures are little changed as Wall Street eyes latest developments in Middle East and oil prices: Live updates CNBC
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