U.S. stock futures are sending mixed signals Tuesday morning. The Nasdaq 100 is pointing higher, while the Dow Jones and S&P 500 are drifting lower, following Monday's downbeat close. The geopolitical backdrop remains tense: U.S. and Iran attacks have continued for a third straight night, with U.S. Central Command saying operations are designed to impose "a heavy cost" on Iranian forces and reduce their ability to attack commercial shipping and civilians in the Strait of Hormuz.
President Donald Trump took to Truth Social to call the U.S. the "GUARDIAN OF THE HORMUZ STRAIT." Iranian Foreign Minister Abbas Araghchi fired back, arguing that "Iran has always been the GUARDIAN of the Strait and will remain so FOREVER." The rhetoric adds another layer of uncertainty to an already volatile region.
On the economic front, all eyes are on the June consumer price index data, due before the market opens. According to FactSet, the median year-over-year estimate for the CPI is 3.8%. If that holds, it would mark a decrease from the previous month but still sit above the trailing 12-month average of 3.0%. The 10-year Treasury yield is at 4.62%, while the two-year is at 4.28%. The CME Group's FedWatch tool shows markets pricing a 58.8% likelihood that the Federal Reserve will leave rates unchanged at its July meeting.
The SPDR S&P 500 ETF Trust SPY and Invesco QQQ Trust ETF QQQ, which track the S&P 500 and Nasdaq 100, respectively, were mixed in premarket. SPY was down 0.0047% at $748.82, while QQQ advanced 0.47% to $715.08.
Vision Marine Technologies
- Vision Marine Technologies Inc. VMAR surged 57.45% after reporting $48.6 million in revenue, $11.8 million in gross profit at a 24.3% margin, and $2.4 million in cash from operating activities for the first nine months of fiscal 2026, as per its third-quarter results.
- Market data indicates that VMAR maintains a weak price trend in the short, long, and medium terms.
Twin Vee PowerCats
- Twin Vee PowerCats Co. VEEE dropped 4.55% after a 416% rally on Monday as the company announced a strategic merger and a concurrent privatization plan for its recreational marine business.
- Market data indicates that VEEE maintains a weak price trend in the long, short, and medium terms, with a good value score.
Agenus
- Agenus Inc. AGEN fell 1.63% after an 83% rally on Monday, when it reported updated three-year Phase 1b data. Results showed its botensilimab plus balstilimab combination achieved a median overall survival of 21.2 months in patients with refractory microsatellite-stable metastatic colorectal cancer without active liver metastases, with 24-month and 36-month survival rates of 41% and 33%, respectively.
- Market data indicates that AGEN maintains a strong price trend in the long, short, and medium terms, with a moderate value score.
JPMorgan Chase
- JPMorgan Chase & Co. JPM was 0.16% lower as analysts expect it to report quarterly earnings of $5.79 per share on revenue of $50.19 billion before the opening bell.
- Market data indicates that JPM maintains a strong price trend in the short, long, and medium terms, with a solid growth score.
Cues From Last Session
Energy, utilities, and financial stocks recorded the biggest gains on Monday, while information technology and communication services stocks closed the session lower, driving U.S. stocks to settle down as the Nasdaq Composite plunged over 400 points during the session amid a surge in oil prices.
Insights From Analysts
According to the latest LPL Financial commentary, the U.S. economy faces a challenging landscape shaped by "sticky inflation and resilient growth."
With core inflation holding near 3% and headline numbers pushed higher by energy costs, the Federal Reserve under new Chairman Kevin Warsh is expected to remain on a "prolonged pause," potentially delivering at most a single rate cut in December.
LPL Research notes that this leaves "a policy environment where exogenous shocks, not just domestic demand, are shaping the inflation trajectory."
Consequently, LPL Financial expects 10-year Treasury yields to remain range-bound between 4.0% and 4.5% for the remainder of 2026. The corporate bond market is also absorbing a historic, AI-driven borrowing wave from tech giants, which may pressure credit spreads modestly higher without causing broader instability.
For the U.S. stock market, LPL's Strategic and Tactical Asset Allocation Committee maintains a "tactical equity overweight and fixed income underweight."
This equity optimism reflects an expectation that geopolitical and commodity supply strains will eventually ease, justifying a defensive factor tilt in equities while remaining cautious on rate-sensitive fixed income sectors.
Upcoming Economic Data
Here's what investors will be keeping an eye on this Tuesday.
- June's NFIB Index of Small Business Optimism will be out by 6:00 a.m., and June's CPI, annual CPI, and annual core CPI data will be released by 8:30 a.m. ET.
- Federal Reserve Board Chair Kevin Warsh will present the Monetary Policy Report to the U.S. House Financial Services Committee at 10:00 a.m., and Chicago Fed President Austan Goolsbee will speak at a Kenosha Area Business Alliance event at 1:00 p.m. ET.
Commodities, Crypto, And Global Equity Markets
Crude oil futures were trading higher in the early New York session by 3.86% to hover around $81.16 per barrel.
Gold Spot US Dollar rose 0.43% to hover around $4,018.22 per ounce. The U.S. Dollar Index spot was 0.14% lower at the 101.0910 level.
Meanwhile, Bitcoin (CRYPTO: BTC) was trading 0.81% lower at $62,631.32 per coin over the last 24 hours.
Asian markets were mostly mixed on Tuesday, as Australia's ASX 200 and India's Nifty 50 index fell. China's CSI 300, South Korea's Kospi, Hong Kong's Hang Seng, and Japan's Nikkei 225 indices rose. European markets were lower in early trade.
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