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Traders work on the floor of the New York Stock Exchange during morning trading on July 17, 2026 in New York City.
Michael M. Santiago | Getty Images
Stock futures were mixed early Monday after the three major averages posted weekly losses, as escalating Middle East tensions dent investor sentiment and send oil prices higher.
S&P 500 futures traded up 0.2%, while Nasdaq-100 futures traded 0.5% higher. Futures linked to the Dow Jones Industrial Average were flat, down 14 points.
Asia-Pacific markets traded mixed early Monday, amid concerns over escalating tensions in the Middle East. The Kospi dropped 0.74% at open, while the small-cap Kosdaq declined 1.66%. Australia's benchmark S&P/ASX 200 was 0.34% higher. Japanese markets are closed for a holiday.
The three leading U.S. indexes closed in the red last week, as pressure on chip stocks weighed on sentiment. The S&P 500 dropped 1.6%, while the Nasdaq Composite sank 2.9%, and the 30-stock Dow lost 0.9%. Additionally, the VanEck Semiconductor ETF (SMH) saw its third weekly decline in four weeks, losing nearly 9%.
Jonathan Krinsky, chief market technician at BTIG, believes there may be even more declines in store for semiconductors from here.
"They could certainly bounce here in the short term, but we don't see signs of kind of that real big washout that you're looking for," he told CNBC's " Closing Bell: Overtime" Friday. "It's probably too soon if you just think about two weeks ago, really, we had record volumes on the upside for names like Micron and the like, so I think it's probably premature to look for a bottom there."
Traders continued to monitor the conflict in the Middle East, with tensions between the U.S. and Iran ramping up over the weekend.
The U.S. military began a ninth consecutive night of strikes against Iran on Sunday, extending a campaign aimed at destroying Tehran's ability to attack commercial shipping in the Strait of Hormuz. The escalation in hostilities placed increasing strain on the fragile truce between the two countries.
The U.S. Central Command said a third service member had been killed during the recent fighting. American forces also "found unidentified remains" near the site of an Iranian attack in Jordan on July 17 that saw two killed, Centcom said. The U.S. is working to identify the remains.
Oil futures rose following the developments. U.S. West Texas Intermediate futures were last up 3% to trade above $85 per barrel, while international benchmark Brent crude futures gained 3% to above $91 a barrel.
Traders are also awaiting the latest batch of earnings set to drop this week. "Magnificent Seven" members Alphabet and Tesla are among those to report, doing so after the bell on Wednesday. Intel — which recorded a 13% drop last week amid the drawdown in chip prices — is slated to release on Thursday.
7 Min Ago
Alibaba sees shares jump over 5% after unveiling Qwen 3.8
Alibaba shares rose 5.15% Monday following the preview launch of its flagship Qwen 3.8 Max model on Sunday.
The Chinese tech giant described the new model, which features 2.4 trillion parameters, as matching top-tier frontier AI systems and ranking second only to Anthropic's Claude Fable 5, adding that a preview is now available through its Token Plan, Qoder, and QoderWork platforms.
Alibaba's announcement follows the launch of Moonshot AI's Kimi K3 just days earlier, with the Chinese startup claiming its new 2.8-trillion-parameter system beats U.S. models such as Claude 4.8 Opus and GPT-5.5.
— Jenny Lee
21 Min Ago
Treasury yields edge up as Iran-U.S. tensions rise
Treasury yields were higher Monday, as renewed hostilities between the U.S. and Iran over the weekend raised geopolitical concerns, while investors continued to digest recent data releases.
The 10-year U.S. Treasury yield rose 1 basis point to 4.585%. The yield on the 2-year Treasury note, which impacted by expectations of near-term Fed interest rate, was also up 1 basis point at 4.183%.
— Justina Lee
19 Min Ago
Zhongji Innolight shares rise nearly 4% following Hong Kong listing approval
Shares of China's Zhongji Innolight surged as much as 8% Monday before paring some gains, after the company received approval for a major Hong Kong listing worth up to $8 billion on Friday, in what is likely to be one of the city's biggest in years.
The Chinese optical transceivers firm has started to gauge interest from investors, and details such as size and timing may change while deliberations are ongoing, Bloomberg reported, citing people familiar with the matter.
Zhongji Innolight shares were last trading 3.7% higher.
— Justina Lee
2 Hours Ago
Brent breaches $90 as U.S-Iran tensions escalate
Oil prices rose Monday as continued conflict between the United States and Iran has heightened concerns over disruptions to energy shipments through the Strait of Hormuz, following another round of U.S. strikes and American military casualties.
International benchmark Brent crude for September delivery rose about 2.77% to top $90 per barrel, while U.S. West Texas Intermediate crude for August delivery climbed roughly 2.4% to $84.49.
The latest escalation comes after the U.S. military confirmed a third American service member had been killed in recent operations, while investigators recovered unidentified remains near the site of an Iranian attack in Jordan that had previously left two U.S. personnel dead and another missing.
— Lee Ying Shan
2 Hours Ago
Hyundai Motor's shares fall over 6% as workers to reportedly extend partial strikes this week
Shares of Hyundai Motor fell 6.6%, following local reports last week that the automakers union was extending a partial strike starting Monday.
The union spokesperson said Thursday that from July 20 to 22, members will stage four-hour strikes during their respective shifts, Yonhap reported. This is the union's second round of walkouts this year.
The union reportedly said that workers will hold partial strikes as part of efforts to secure higher wages, raising concerns over production disruptions at the company.
The workers had staged a similar strike last week.
—Justina Lee
2 Hours Ago
Korea Exchange activates Kospi sell-side sidecar, halting trading briefly, as stocks tank
The Korea Exchange activated a sell-side sidecar on the Kospi, temporarily halting program trading, has South Korean stocks plunged.
A sell-side sidecar is triggered when the Kospi 200 futures index falls 5% or more for at least one minute, stopping trading for 5 minutes.
— Justina Lee
3 Hours Ago
Mainland China's CSI 300 is flat, Hong Kong's Hang Seng rises
Mainland China's CSI 300 opened flat, as the government kept benchmark lending rates unchanged for a 14th consecutive month in July.
Hong Kong's Hang Seng gained 1.52% at open, supported by advances in healthcare and energy stocks.
— Justina Lee
4 Hours Ago
South Korea's Kospi opens lower, Aussie benchmark gains
Asia-Pacific markets traded mixed early Monday, amid concerns over escalating tensions in the Middle East.
The Kospi dropped 0.74% at open, while the small-cap Kosdaq declined 1.66%.
Australia's benchmark S&P/ASX 200 was 0.34% higher.
Japanese markets are closed for a holiday.
—Justina Lee
5 Hours Ago
Asia-Pacific markets set to for subdued open as Mideast conflict dents sentiment
Asia-Pacific markets were set to open subdued on Monday, as the U.S. continued to strike Iran for a ninth consecutive day.
Hong Kong Hang Seng index futures were last at 24,602, compared with the index's Friday close of 24,562.24. In Australia, futures last traded at 8,814, while the S&P/ASX 200′s closed at 8,796.70.
Japanese markets are closed for a holiday.
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Tensions in the Middle East stay high, after the U.S. military reported that during a recent fighting with Iran, a third American service member was killed in action. That brings the U.S. death toll to 17 since the conflict began in February.
—Justina Lee
7 Hours Ago
Oil prices rise Sunday
Oil prices moved higher on Sunday evening as the conflict in the Middle East intensified over the weekend, with the U.S. saying a third American service member had been killed in action.
As of 6:19 p.m. ET, U.S. West Texas Intermediate futures advanced 2.93% to $84.91 per barrel, while international benchmark Brent crude futures gained 3.13% to $90.86.
— Sean Conlon
7 Hours Ago
Stock futures open little changed
U.S. equity futures traded around the flatline on Sunday evening.
S&P 500 futures fell 0.1% just after 6 p.m. ET, while Nasdaq-100 futures climbed 0.1%. Dow Jones Industrial Average futures shed 63 points, or 0.1%.
— Sean Conlon
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