Stock Market Today: S&P 500, Dow and Nasdaq Futures Rise After Strong Monday Gains— McDonald’s, AMD, Pala

U.S. stock futures edged higher on Tuesday, extending the previous session’s gains after President Donald Trump said he would halt further military strikes on Iran, easing fears of a wider conflict in the Middle East and sending oil prices sharply lower.

Dow futures rose about 0.2%, while S&P 500 futures gained 0.2% and Nasdaq-100 futures advanced 0.3%, as investors continued to favour risk assets.

Wall Street rallied on Monday, with the Dow Jones Industrial Average closing at a record high as falling crude prices and strength in heavyweight technology stocks lifted sentiment. WTI crude tumbled more than 5% to settle at $80.34 a barrel after Trump’s comments signalled a de-escalation in tensions.

On the economic front, traders will also monitor June factory orders and U.S. international trade data for further clues on the strength of the economy, while assessing whether easing geopolitical tensions continue to support the recent rebound in equities.

Meanwhile, the 10-year Treasury bond yielded 4.69%, and the two-year bond was at 4.26%. The CME Group’s FedWatch tool’s projections show markets pricing a 62.7% likelihood of the Federal Reserve hiking the current interest rates during its September meeting.

Stocks In Focus

McDonald’s Corp

• Benzinga’s Edge Stock Rankings indicate that MCD maintains a weak price trend in the short, long, and medium terms, with a good growth score.

Caterpillar

• Benzinga’s Edge Stock Rankings indicate that CAT maintains a weak price trend in the short and medium terms, but strong in the long term. Its quality, growth and momentum score are favourable.

Advanced Micro Devices

• Benzinga’s Edge Stock Rankings indicate that AMD maintains a weak price trend in the short term, but the medium and long term look solid, with a good growth, quality and momentum score.

ON Semiconductor

• ON Semiconductor Corp’s (NASDAQ:ON) stock rose 8% to $86.50 in trading before the bell after the company posted strong quarterly earnings on the back of steady AI demand.

• Benzinga’s Edge Stock Rankings indicate that ON maintains a weak price trend in the short, long, and medium terms, with a good growth and momentum score.

Palantir Technologies

• Benzinga’s Edge Stock Rankings indicate that PLTR maintains a weak price trend in the short, long, and medium terms, with a good growth score.

Cues From Last Session

Upcoming Economic Data

Here’s what investors will be keeping an eye on this week.

• June’s US trade balance data will be released by 8:30 a.m., followed by June’s JOLTS job openings and June’s factory orders data at 10:00 a.m. ET.
• Kansas City Fed President Jeff Schmid is due to speak at 8.15 p.m. EST.

Commodities, Crypto, And Global Equity Markets

Crude Oil WTI futures were trading higher in the early New York session by 2.22% to hover around $82.12 per barrel.

Gold Spot US Dollar tripped 0..05% to hover around $4,053.21 per ounce. The U.S. Dollar Index spot was 0.11% higher at the 100.01 level.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 1.72% higher at $63,510.10 per coin over the last 24 hours.

Asian markets rose on Monday, as Japan’s Nikkei 225, South Korea’s Kospi, China’s CSI 300 and Australia’s ASX 200 indices all closed higher. However, Hong Kong’s Hang Seng index fell 0.60% and India’s Nifty 50 was 1.27% lower. European markets were mostly higher in early trade.

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