Global Markets React to Iran-Israel Conflict, Earnings Reports
As the world grapples with the escalating tensions between Iran and Israel, global markets are feeling the impact. Dow Jones futures slipped 0.15% overnight, while S&P 500 futures edged lower. Nasdaq 100 futures declined 0.1%, and the 10-year Treasury yield dipped to 3.73%. Crude oil futures surged over 1%, breaching the $70-per-barrel mark.
In the midst of this geopolitical uncertainty, Nike reported its Q1 2025 earnings, which fell short of expectations. The company’s revenue dropped 10%, and it withdrew its guidance, citing the upcoming CEO transition. Nike stock took a hit, falling in late trade.
Meanwhile, Tesla is set to report its Q3 deliveries and production figures before the market opens on Wednesday. Analysts expect the electric vehicle giant to deliver around 462,000 units, a 6% increase from the same period last year. This news comes on the heels of record-breaking sales from Chinese EV makers, including BYD, Nio, XPeng, Li Auto, and Geely-owned Zeekr.
In other market news, CBOE Global Markets, Ryan Specialty Holdings, and AeroVironment flashed buy signals, while Apple stock fell 2.9% due to concerns over iPhone demand. The video embedded in this article provides an in-depth analysis of Tuesday’s market action and examines these stocks in more detail.
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