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Stock Futures Jump as Markets Shrug Off Iran Sanctions With Focus on Big Tech and Fed
Barrons.com30d agobullish
Stock Futures Jump as Markets Shrug Off Iran Sanctions With Focus on Big Tech and Fed

Stock markets were heading for a positive open as investors positioned themselves ahead of crucial earnings and economic events and shrugged off a raft of U.S. sanctions on Iran. Nasdaq 100 futures were jumping 1% in Tuesday’s premarket after fears about artificial-intelligence spending by big tech companies sparked a selloff the previous session, leading the tech-heavy Nasdaq Composite to finish in the red. In a speech on Monday, Treasury Secretary Scott Bessent said the U.S. was sanctioning more than 60 entities, individuals, and vessels tied to the Iranian regime, but didn't outline any specific steps against individual countries such as China, a major buyer of oil from the Middle Eastern Country.

Asian shares gain, with South Korea's Kospi up 6%, after the US Treasury expands its debt buybacks
Associated Press35d agobullish
Asian shares gain, with South Korea's Kospi up 6%, after the US Treasury expands its debt buybacks

U.S. futures edged higher after the U.S. Treasury Department said it would at least double the size of planned purchases of longer-term government debt. Japan’s Nikkei 225 gained 1.3% to 66,178.26, reversing declines earlier in the week. Japan reported it logged a trade deficit for a third straight month in July, as both imports and exports hit record highs.

Record Highs and Low Volatility: Is Wall Street Too Complacent Ahead of Midterm Elections?
Barrons.com38d agobullish
Record Highs and Low Volatility: Is Wall Street Too Complacent Ahead of Midterm Elections?

U.S. stocks could be heading toward a tricky patch over the next two months, with midterm elections in focus, longer-dated Treasury bond yields trading at multiyear highs, and volatility readings suppressed. The equal weighted index of the is now up more than 17% for the year, volatility gauges are trading at the lowest levels since early January, and data suggest fading bets on an autumn Federal Reserve rate hike.