Stock Market Today: Dow Jones, S&P 500 Futures Gain as Trump Vows ‘Very Hard’ Strikes on Iran—Pentair, AS

U.S. stock futures were higher on Wednesday, as the Dow Jones, Nasdaq 100 and S&P 500 indices rose, following Tuesday’s higher close.

Investors await the June producer price index data scheduled to be released before the market opens.

Meanwhile, the 10-year Treasury bond yielded 4.60%, and the two-year bond was at 4.20%. The CME Group’s FedWatch tool’s projections show markets pricing an 85.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’s meeting.

Stocks In Focus

Pentair

• Benzinga’s Edge Stock Rankings indicate that PNR maintains a strong price trend in the short term but a weak trend in the long and medium terms, with a solid quality score.

ASML Holding

• ASML Holding NV (NASDAQ:ASML) rose 3.40% after posting better-than-expected earnings and sales results for the second quarter.

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

International Business Machines

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

Aehr Test Systems

• Aehr Test Systems (NASDAQ:AEHR) surged 29.15% after the company posted fourth-quarter results after Tuesday’s closing bell, beating estimates on the top and bottom lines.

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

Intel

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

Cues From Last Session

Energy, information technology, and communication services stocks recorded the biggest gains on Tuesday, while health care and consumer staples stocks bucked the overall market trend to close the session lower, though most S&P 500 sectors ended positively.

Insights From Analysts

Wharton School Professor Emeritus Jeremy Siegel remains highly optimistic about the U.S. stock market and the broader economy, pointing to a “constructive” fundamental backdrop.

Despite geopolitical tensions, he emphasizes that the market continues to display remarkable resilience, with major averages sitting near all-time highs.

A primary driver of this optimism is an extraordinary 24% year-over-year corporate earnings growth rate, which Siegel notes is “primarily the result of widening margins fueled by AI investment and productivity gains.”

He describes the current environment as “one of the most unusual profit cycles investors have witnessed in decades,” where businesses generate massive profits without relying on explosive GDP growth.

On the economic front, Siegel sees few signs of trouble, pointing to a healthy 2% to 2.5% second-quarter GDP growth rate. He expects policy stability from the Federal Reserve, arguing that temporary technology input costs, rather than broad-based demand, are keeping core inflation sticky.

He notes that the “Federal Reserve has little reason to raise interest rates further.” Ultimately, Siegel believes steady growth, healthy liquidity, and booming earnings are “the ingredients that have historically supported higher equity prices.”

Upcoming Economic Data

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

Commodities, Crypto, And Global Equity Markets

Crude Oil WTI futures were trading higher in the early New York session by 0.59% to hover around $79.81 per barrel.

Gold Spot US Dollar fell 0.65% to hover around $4,026.42 per ounce. The U.S. Dollar Index spot was 0.02% lower at the 100.9030 level.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 3.19% higher at $64,583.06 per coin over the last 24 hours.

Asian markets closed mostly higher on Wednesday, except China’s CSI 300 index. Australia’s ASX 200, India’s Nifty 50, South Korea’s Kospi, Hong Kong’s Hang Seng, and Japan’s Nikkei 225 indices rose. European markets were mostly lower in early trade.