Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
U.S. stock futures were steady Tuesday evening after Wall Street closed at record highs, with investors awaiting key inflation reports that could shape next week’s Federal Reserve decision on interest rates.
S&P 500 futures edged up 0.1% to 6,529.25, while Nasdaq 100 futures held flat at 23,882.25. Dow Jones futures slipped 0.2% to 45,649.0. Earlier, all three major indexes — the Dow, S&P 500, and Nasdaq — ended at record closing highs, fueled by optimism over a potential Fed rate cut. The S&P 500 rose 0.3%, the Dow gained 0.4%, and the Nasdaq added 0.4%.
Government data showed U.S. employment growth through March was revised lower by 911,000 jobs, signaling a cooling labor market. The downward revision reinforced expectations that the economy is losing momentum, heightening pressure on the Fed to ease monetary policy.
Traders are now betting heavily on at least a 25-basis-point rate cut next week, according to CME’s FedWatch tool, with growing odds for a larger 50-point move. Attention is focused on Wednesday’s producer price index (PPI) and Thursday’s consumer price index (CPI), which could provide key signals on inflation and strengthen the case for rate cuts.
In corporate news, Apple shares fell 1.5% after unveiling its iPhone 17 lineup, including the ultrathin “iPhone Air.” Prices were set at $799 for the base iPhone 17, $999 for the iPhone Air, and $1,099 for the iPhone 17 Pro, a $100 increase from the previous Pro model.
Meanwhile, Oracle stock surged over 28% in after-hours trading on strong AI-driven growth, with MultiCloud database revenue soaring 1,529% year-over-year. GameStop also impressed investors, with Q2 revenue jumping 22% to $972.2 million, sending its shares up nearly 6% in extended trading.
