Stock Market Today: Dow Jones Futures Fall, S&P 500 Gains As Israel, Iran Exchange Missile Strikes—SK Tel

U.S. stock futures were mixed on Monday, as the Nasdaq 100 and S&P 500 indices gained, and the Dow Jones index fell, following Thursday’s sharp declines.

Additionally, this week, investors will be eyeing May’s CPI and PPI data.

Meanwhile, the 10-year Treasury bond yielded 4.58%, and the two-year bond was at 4.19%. The CME Group’s FedWatch tool‘s projections show markets pricing a 98% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

Stocks In Focus

Riskified

• Riskified Ltd. (NYSE:RSKD) was 1.26% higher in premarket on Monday after it disclosed a $75 million buyback plan.

• Benzinga’s Edge Stock Rankings indicate that RSKD maintains a weak price trend in the long term but a strong trend in the medium and short terms.

Nebius Group

• Nebius Group NV (NASDAQ:NBIS) was 2.11% higher after it announced a announced a $2.3 billion or £1.7 billion investment to build out four AI data center sites in the UK.

• Benzinga’s Edge Stock Rankings indicate that NBIS maintains a strong price trend in the short, long, and medium terms, with a poor value score.

Ingredion

• Ingredion Inc. (NYSE:INGR) was 1.95% higher as Tate & Lyle agreed to £2.7 billion or $3.6 billion takeover by INGR.

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

Advanced Micro Devices

• Advanced Micro Devices Inc. (NASDAQ:AMD) was 1.81% higher as it announced a £2 billion or $2.66 billion investment in the UK to enhance AI research, infrastructure, and workforce development over five years.

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

SK Telecom

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

Cues From Last Session

Sectors on the S&P 500 closed mixed on Friday as consumer staples, utilities, real estate, health care, and financial rose, while information technology, consumer discretionary, material, energy, communication services, and industrials fell.

Insights From Analysts

A historic two-month surge in the S&P 500 has triggered a rare, historically flawless bullish signal pointing to massive year-ahead gains.

The S&P 500 recently logged an explosive 19.5% advance over two months. According to Carson Group’s Ryan Detrick, this is “one of the best two-month rallies ever”.

Data shows this has only happened seven other times since 1950, and stocks were “never lower 1 month, 3 months, 6 months, or a year later”. Instead, they averaged a massive 40% gain a year later. Looking at the data, Detrick noted, “My oh my”.

Though the S&P 500 just fell 2.6% for its “worst day of the year so far”, Detrick urges calm. “Good time to remember that even the best years have a bad day or two (or more)”, he posted, noting that 22 times the index gained 20% in a year, the average worst day was 3.5%.

Market health remains resilient. Even with a 2.5% weekly drop, “6 sectors were green and more stocks on the S&P 500 gained than fell last week”. History proves temporary volatility rarely derails historic bull runs; in 1997, the index fell nearly 7% in a day but still “gained more than 30% for the year.”

Upcoming Economic Data

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

Commodities, Crypto, And Global Equity Markets

Crude oil futures were trading lower in the early New York session by 4.37% to hover around $94.50 per barrel.

Gold Spot US Dollar fell 0.93% to hover around $4,288.99 per ounce. Its last record high stood at $5,595.46 per ounce. The U.S. Dollar Index spot was 0.08% higher at the 100.1480 level.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 0.51% higher at $63,145.40 per coin, as per the last 24 hours.

Asian markets closed lower on Monday, as Hong Kong’s Hang Seng, India’s Nifty 50, Japan’s Nikkei 225, Australia’s ASX 200, South Korea’s Kospi, and China’s CSI 300 indices fell. European markets were also lower in early trade.

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