U.S. stock futures show mixed signals amid escalating tensions in the Strait of Hormuz and ahead of the second-quarter earnings season. Nasdaq and S&P 500 futures dropped due to heightened risk aversion, influenced by U.S.-Iran military exchanges and conflicting reports about the Strait's status. This geopolitical instability is occurring just as corporate earnings reports are set to test market valuations. Oil prices surged, raising inflation concerns, while technology stocks, particularly in chipmaking, faced declines from previous highs due to profit-taking and nervousness about overvaluation as companies like ASML and TSMC prepare to report earnings. The upcoming earnings are crucial for assessing corporate profit sustainability in the face of economic disruptions.

U.S. stock futures mixed as Strait of Hormuz crisis escalates ahead of Q2 earnings

Author Pranav Kashyap

Stock Markets

Published 07/12/2026, 08:11 PM

Updated 07/13/2026, 05:49 AM

View all comments (11)11

U.S. stock futures mixed as Strait of Hormuz crisis escalates ahead of Q2 earnings

View all comments (11)11

In this article:

Investing.com-- Nasdaq and S&P 500 futures fell on Monday as intensifying Middle East hostilities and conflicting reports over a closure of the vital Strait of Hormuz triggered a sharp risk-off response.

The geopolitical shock hits Wall Street at a critical juncture, directly ahead of a high-stakes second-quarter earnings season that will rigorously test the market’s underlying strength.

S&P 500 Futures fell 0.25% by 05:45 ET. Nasdaq 100 Futures slid 0.9%, while Dow Jones Futures inched 0.12%.

Get top stock pick and key analyst insights by subscribing to InvestingPro

US, Iran trade more strikes; Tehran says Hormuz closed

U.S. Central Command (Centcom) said it had launched more attacks on Iran over the weekend, while separate reports said Tehran had retaliated by attacking U.S. bases in the Middle East.

Tehran also said that the Strait of Hormuz was closed for commercial shipping, while Centcom said the waterway remained open.

The latest wave of attacks mark a further worsening in U.S.-Iran relations after President Donald Trump said last week that a ceasefire with Tehran was over. But Trump also said that Iran had reached out seeking more dialogue.

Oil prices rose sharply on Monday following the new wave of attacks, sparking concerns over energy-driven inflation that could invite a more hawkish stance from the Federal Reserve in the coming months.

But Brent still traded well below peaks hit during the beginning of the U.S.-Iran war.

US500+0.42%C+0.87%BAC+0.71%GS-0.07%JPM+0.3%WFC+0.29%MS+0.07%JNJ-0.82%GE+0.06%BNY-0.22%UNH-1.64%LCO+4.3%YMU26-0.14%NQU26-1.17%NFLX-2.78%TSM-0.65%ASML-0.38%SKHY+12.76%

S&P 500

Analyze US500

Included in our AI-picked strategies

Review strategies

7,575.39

▲+31.75(+0.42%)

Closed

Max

In this article

US500+0.42%C+0.87%BAC+0.71%GS-0.07%JPM+0.3%WFC+0.29%MS+0.07%JNJ-0.82%GE+0.06%BNY-0.22%UNH-1.64%LCO+4.3%YMU26-0.14%NQU26-1.17%NFLX-2.78%TSM-0.65%ASML-0.38%SKHY+12.76%

Analyze US500

Tech set for volatile opening amid chip rout

The outsized losses in Nasdaq futures point to a rough opening session for technology shares, tracking an aggressive overnight selloff in Asian chipmaking hubs.

The retreat was headlined by South Korea’s SK hynix, which plunged as much as 14% in Seoul trading.

The dramatic reversal comes just one session after the company celebrated a blockbuster Nasdaq debut on Friday, where its American Depository Receipts (ADRs) surged nearly 13%. Monday’s pullback reflected heavy profit-taking and lingering market anxiety regarding bloated artificial intelligence valuations.

The chip sector faces further scrutiny this week, with market participants maintaining a highly cautious stance ahead of second-quarter financial reports from industry bellwethers ASML Holding and Taiwan Semiconductor Manufacturing Co (TSMC).

Q2 earnings season steps into the crosshairs

The geopolitical turbulence threatens to overshadow a crucial corporate milestone, as the second-quarter earnings season kicks off in earnest this week.

The upcoming results are widely viewed as the ultimate fundamental reality check for high equity valuations, testing whether corporate profits can persevere through the economic disruptions caused by war and elevated energy costs.

Wall Street’s major banking institutions will lead the charge on Tuesday, with JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo, and Citigroup all scheduled to report. The financial sector’s guidance will be closely parsed for signs of consumer resilience and credit health under high interest rates.

The corporate calendar accelerates mid-week, with Morgan Stanley and BNY reporting on Wednesday, followed by cross-sector heavyweights Johnson & Johnson, UnitedHealth Group, GE Aerospace, and streaming pioneer Netflix later in the week.

Monday’s gloomy premarket sentiment stands in sharp contrast to Friday’s closing bell, where Wall Street indexes finished higher - leaving the benchmark S&P 500 within striking distance of a fresh record high.

However, as the geopolitical noise grows louder, the burden of proof now shifts squarely to corporate balance sheets to sustain the market’s momentum.

(Ambar Warrick contributed reporting)

Is C undervalued—or a trap?

Gut instinct isn't enough. Our Fair Value calculator uses 17 proven valuation models to reveal what C is really worth.

Get instant clarity on C—plus thousands of other stocks—before the opportunity disappears.

July Sale - 60% Off InvestingPro

U.S. stock futures mixed as Strait of Hormuz crisis escalates ahead of Q2 earnings

View all comments (11)11

Latest comments

Post

Comment Guidelines

Jose Villalobos 19 minutes ago

Markets every Monday: “Ceasefire’s off.” “Actually… maybe talks are back on.” “The Strait is closed.” “Correction: it’s still open.” “Oil is soaring!” “Well… not that much.” At this point, geopolitics is basically a Magic 8 Ball with a press secretary, and Wall Street is somehow expected to price in every plot twist before the opening bell……Ah yes, the AI chip trade…Friday: “This is the future of civilization!” Monday: “Where’s the nearest emergency exit?” SK hynix went from a blockbuster debut to a brutal 14% reality check overnight, proving that in today’s market, FOMO has the lifespan of a fruit fly. Now everyone’s glued to ASML and TSMC earnings, waiting for the AI oracle to reveal whether chip stocks deserve infinite valuations, or just ridiculously expensive ones.

Reply20

IceIceBaby 1 hour ago

So US is a lame duck: if air superioroty doesn't matter they stop functioning.

Reply44

Show all comments

Industry Spotlight

5 Things You Need to Know About the Gold and Silver Selloff

Apr 20, 2026•

By Daniela Hathorn

Trade With A Regulated Broker

Indices

Commodities

Bonds

Stocks

Max

US 30

52,551.50

-85.6

-0.16%

US 500

7,543.50

-31.8

-0.42%

Dow Jones

52,637.01

+149.60

+0.29%

S&P 500

7,575.39

+31.75

+0.42%

Nasdaq

26,281.61

+74.72

+0.29%

S&P 500 VIX

16.49

+1.46

+9.71%

Dollar Index

100.74

-0.015

-0.01%

Crude Oil WTI Futures

74.43

+3.02

+4.23%

Brent Oil Futures

79.28

+3.27

+4.30%

Natural Gas Futures

2.903

-0.037

-1.26%

Gold Futures

4,069.37

-44.33

-1.08%

Silver Futures

58.705

-1.460

-2.43%

Copper Futures

6.2973

+0.0153

+0.24%

US Soybeans Futures

1,195.13

+4.13

+0.35%

U.S. 10Y

4.589

+0.020

+0.44%

U.S. 30Y

5.089

+0.018

+0.35%

U.S. 5Y

4.337

+0.027

+0.63%

U.S. 3M

3.806

+0.015

+0.40%

US 10Y T-Note Futures

108.88

-0.16

-0.14%

Euro Bund Futures

125.31

-0.24

-0.20%

10-2 Yield Spread

31.32

+4.15

+15.27%

AAPL

315.32

-0.90

-0.28%

NVDA

210.96

+8.18

+4.03%

GOOGL

357.18

-1.71

-0.48%

TSLA

407.76

+1.21

+0.30%

AMZN

245.34

-1.70

-0.69%

NFLX

73.37

-2.10

-2.78%

Name	Last	Chg. %	Vol.
NVDA	210.96	+4.03%	148.42M
MU	979.30	-1.24%	31.77M
META	669.21	+5.97%	40.61M
SNDK	1,915.92	+3.10%	11.02M
TSLA	407.76	+0.30%	33.41M
AMD	557.89	+2.04%	20.70M
AAPL	315.32	-0.28%	34.13M

Name	Last	Chg. %	Vol.
META	669.21	+5.97%	40.61M
KMX	53.49	+4.86%	2.29M
WY	23.45	+4.22%	6.52M
SBAC	190.03	+4.14%	1.44M
NVDA	210.96	+4.03%	148.42M
CCI	79.66	+3.89%	5.36M
BFb	26.17	+3.77%	2.25M

Name	Last	Chg. %	Vol.
MRNA	68.27	-10.83%	9.18M
CRWD	187.18	-5.66%	9.27M
SPCX	145.30	-4.51%	46.83M
ALNY	298.76	-4.49%	2.54M
DDOG	257.54	-4.26%	5.14M
EPAM	83.89	-3.90%	1.16M
FTNT	157.51	-3.80%	3.52M

Trending Stocks

Name	Last	Chg. %	Vol.
MU	979.30	-1.24%	31.77M
NVDA	210.96	+4.03%	148.42M
SKHY	168.01	+12.76%	107.67M
SPCX	145.30	-4.51%	46.83M
SNDK	1,915.92	+3.10%	11.02M

ProPicks AI

AI-powered stock picks with a proven track record to beat the S&P 500.

Tech Titans

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Top Value Stocks

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Best of Buffett

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Energy Elite

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Financial Fortresses

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Quality Compounders

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Small-Cap Sprinters

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Healthcare Heroes

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Beat the S&P 500

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Dominate the Dow

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Mid-Cap Movers

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Mexican Stock Exchange Leaders

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Best Brazilian Stocks

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Italian Market Elite

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Alpha Germany Select

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Comments

Post

Comment Guidelines

Calendars

Economic Calendar Earnings Calendar Holiday Calendar

US Economy

Fed Rate Monitor Tool US Treasury Yield Curve

More Tools

Stock Screener Currency Converter

Markets

Ask WarrenAI New

Stocks Picked by AI

Watchlist

Alerts

Top Brokers New

Breaking News

Tools

Install Our AppScan QR code to install app

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.

Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.

Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Read Original at Investing.com →