Stock market today: S&P 500, Nasdaq, Dow futures climb as a halt to US-Iranian attacks is called

Futures linked to the S&P 500 (ES=F) climbed 0.5%, Nasdaq 100 (NQ=F) futures roseate 0.6%, and contracts tied to the Dow Jones Industrial Average (YM=F) inched up 0.3%.

Markets headed into a holiday-shortened week connected borderline aft the US launched strikes connected Iranian subject targets implicit the weekend, escalating tensions successful the Middle East and renewing concerns implicit planetary vigor supplies.

The strikes came aft Washington said Tehran carried retired attacks on the Strait of Hormuz. President Donald Trump aboriginal warned of further subject action, penning connected Truth Social the US whitethorn "militarily implicit the occupation that we precise successfully started. If that happens, the Islamic Republic of Iran volition nary longer exist!"

Oil prices moved higher successful aboriginal trading arsenic investors assessed the hazard of further disruptions to crude supplies. Brent (BZ=F) crude gained 0.8% to $72 a barrel, portion U.S. West Texas Intermediate (CL=F) crude roseate 1.1% to $70.

The strikes further destabilized already rocky markets, the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) fell astir 2% and 4.6% past week. Nvidia (NVDA) and Alphabet (GOOG) each dropped much than 8%, portion Meta (META), Apple (AAPL) and Amazon (AMZN) declined much than 4%. SpaceX (SPCX) shares plunged 17%.

The Dow Jones Industrial Average outperformed, rising 0.6% arsenic healthcare stocks provided support. Merck (MRK) climbed 13% during the week, portion Johnson & Johnson (JNJ) gained 11.5%.

Due to the vacation for July 4, this week volition spot the merchandise of the June jobs study connected Thursday, not Friday.