U.S. stock futures were mixed on Monday, as the Dow Jones index advanced, while the Nasdaq 100 and S&P 500 indices fell, following Friday’s higher close.
Late Sunday, global markets turned cautious after the U.S. launched another round of strikes against Iran, fueling a rally in crude oil prices and weighing on U.S. stock futures. Additionally, the U.S. Central Command reaffirmed that the Iranian government did not have control over the Strait of Hormuz.
Investors eye major economic updates this week, including June CPI and PPI data, along with retail sales and the Federal Reserve officials’ commentary.
Meanwhile, the 10-year Treasury bond yielded 4.57%, and the two-year bond was at 4.22%. The CME Group’s FedWatch tool’s projections show markets pricing a 68.5% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’s meeting.
| Index | Performance (+/-) |
| Dow Jones | 0.09% |
| S&P 500 | -0.31% |
| Nasdaq 100 | -1.30% |
| Russell 2000 | -0.03% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Monday. The SPY was down 0.32% at $752.54, while the QQQ declined by 1.30% to $718.07.
Stocks In Focus
SK Hynix
- SK Hynix Inc. (NASDAQ:SKHYV) was 15.53% higher in premarket on Monday, after it sold American Depositary Receipts at $149 each and opened about 14% above the offer price at $170 apiece on Friday.
- Benzinga’s Edge Stock Rankings indicate that SKHYV maintains a weak price trend in the long, medium, and short terms, with a moderate value score.
Taiwan Semiconductor
- Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) rose 0.17% after posting record revenue of T$1.27 trillion, or $39.62 billion, in the second quarter on AI demand.
- Benzinga’s Edge Stock Rankings indicate that TSM maintains a strong price trend in the short, long, and medium terms, with a solid growth score.
Q32 Bio
- Q32 Bio Inc. (NASDAQ:QTTB) was 26.49% higher as it is scheduled to report 36-week topline results from Part B of the SIGNAL-AA Phase 2a clinical trial on Monday.
- Benzinga’s Edge Stock Rankings indicate that QTTB maintains a strong price trend in the long, short, and medium terms, with a good value score.
Occidental Petroleum
- Occidental Petroleum Corp. (NYSE:OXY) was 1.76% higher after the company announced its second-quarter 2026 earnings considerations, which showed average diluted shares outstanding of 1,012.2 million and a $156 million negative impact on operating cash flow before working capital from crude oil collar settlements.
- Benzinga’s Edge Stock Rankings indicate that OXY maintains a strong price trend in the long term but a weak trend in the short and medium terms, with a good growth score.
FB Financial
- FB Financial Corp. (NYSE:FBK) was 0.14% lower as analysts expect it to report quarterly earnings of $1.15 per share on revenue of $177.99 million, after the close.
- Benzinga’s Edge Stock Rankings indicate that FBK maintains a strong price trend in the short, long, and medium terms, with a poor quality score.
Cues From Last Session
Most sectors on the S&P 500 closed on a positive note on Friday, with materials, consumer staples and communication services stocks recording the biggest gains. However, health care stocks bucked the overall market trend, closing the session lower.
| Index | Performance (+/-) | Value |
| Dow Jones | 0.29% | 52,637.01 |
| S&P 500 | 0.42% | 7,575.39 |
| Nasdaq Composite | 0.29% | 26,281.61 |
| Russell 2000 | -0.49% | 2,977.81 |
Insights From Analysts
On the economic front, Mohamed El-Erian sees a resilient domestic backdrop. He notes that the “economic data front was largely supportive,” highlighted by solid labor numbers and services sector activity that “remains aligned with tech spending in driving overall economic activity.”
Meanwhile, the U.S. stock market has experienced notable “index volatility,” amplified by massive new tech listings like South Korea’s Hynix.
He cautions that the market faces “consequential questions” regarding whether recent tech swings and debt performances could ultimately lead to “tighter overall funding conditions for the tech sector.”
Looking ahead, El-Erian anticipates that incoming inflation and retail sales data will test whether the U.S. can sustain its “forward-looking disinflationary process” without triggering “a broader, more damaging economic slowdown or consumer exhaustion.”
Crucially, he expects the Federal Reserve under its new leadership to pivot toward “a more strategic, forward-looking view,” moving away from the central bank’s previous “excessive data dependence.”
Upcoming Economic Data
Here’s what investors will be keeping an eye on this week.
- On Monday, Federal Reserve Vice Chair Michelle Bowman will speak at a Bank Policy Institute roundtable at 5:25 a.m., Federal Reserve Governor Christopher Waller will speak at a New York Association for Business Economics event at 12:30 p.m., June’s Monthly Treasury Balance will be released by 2:00 p.m., and ECB President Christine Lagarde will meet with Federal Reserve Chair Kevin Warsh at 5:00 p.m. ET.
- On 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.
- On Wednesday, July’s Empire State Manufacturing Survey, June’s PPI, monthly core PPI, and June’s Personal Consumption data will all be released by 8:30 a.m. ET.
- New York Fed President John Williams will speak at a Partnership for New York City event at 8:45 a.m.; Federal Reserve Board Chair Kevin Warsh will present the Monetary Policy Report to the U.S. Senate Banking Committee at 10:00 a.m.; Fed Governor Lisa Cook will speak at an Exchequer Club Luncheon at 1:00 p.m., and the U.S. Federal Reserve Beige Book will be out by 2:00 p.m. ET.
- On Thursday, June’s Retail Sales data, July’s Philadelphia Fed Business Outlook Survey, and initial jobless claims for the week ending July 11 will all be released by 8:30 a.m. ET.
- May’s Manufacturing and Trade inventories and sales data, July’s NAHB Housing Market Index, and June’s Pending Home Sales index data will be out by 10:00 a.m., Dallas Fed President Lorie Logan will speak at 12:30 p.m., and Fed Governor Philip Jefferson will speak at a Stanford Institute for Economic Policy Research event at 7:00 p.m. ET.
- On Friday, June’s Housing Starts and June’s Import Prices data will be out by 8:30 a.m. ET.
- June’s Industrial Production and Capacity Utilization data will be released by 9:15 a.m., and July’s preliminary University of Michigan Consumer Survey data will be out by 10:00 a.m. ET.
Commodities, Crypto, And Global Equity Markets
Crude oil futures were trading higher in the early New York session by 2.13% to hover around $72.93 per barrel.
Gold Spot US Dollar fell 1.13% to hover around $4,074.57 per ounce. The U.S. Dollar Index spot was 0.09% lower at the 100.8590 level.
Meanwhile, Bitcoin (CRYPTO: BTC) was trading 1.25% lower at $63,115.77 per coin over the last 24 hours.
Asian markets were mostly mixed on Monday, as China’s CSI 300, South Korea’s Kospi, and Japan’s Nikkei 225 indices fell. While Australia’s ASX 200, Hong Kong’s Hang Seng, India’s Nifty 50 index rose. European markets were higher in early trade.
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