U.S. stock futures were mixed on Tuesday, as the Nasdaq 100 index advanced, while the Dow Jones and S&P 500 indices fell, following Monday’s lower close.
As the U.S. and Iran attacks continued for the third straight night, U.S. Central Command said that operations were aimed at imposing "a heavy cost" on Iranian forces and reducing their ability to attack commercial shipping and civilians in the Strait of Hormuz.
Responding to President Donald Trump‘s Truth Social post, calling the U.S. the “GUARDIAN OF THE HORMUZ STRAIT,” Iranian Foreign Minister Abbas Araghchi argued that "Iran has always been the GUARDIAN of the Strait and will remain so FOREVER.”
Investors await the June consumer price index data scheduled to be released before the market opens. According to FactSet, the median year-over-year estimate for the CPI for June 2026 is 3.8%. If 3.8% is the actual year-over-year increase in the CPI, it will mark a decrease relative to the previous month. However, it will also be above the trailing 12-month average of 3.0%.
Meanwhile, the 10-year Treasury bond yielded 4.62%, and the two-year bond was at 4.28%. The CME Group’s FedWatch tool’s projections show markets pricing a 58.8% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’s meeting.
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 mixed in premarket on Tuesday. The SPY was down 0.0047% at $748.82, while the QQQ advanced by 0.47% to $715.08.
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