Futures Slip as Middle East Tensions Rattle Markets

US stock futures traded lower on Tuesday, as an oil tanker explosion in the Middle East dampened hopes that the conflict in Iran was nearing an end. Oil prices fell after a volatile session.

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Major Indexes: S&P 500 lower, Nasdaq lower, Dow lower, Russell 2000 lower

Leading Sectors: -

Lagging Sectors: Energy, Financial, Utilities, Consumer Discretionary

Vertex Pharmaceuticals (VRTX): The biotech company announced that its drug successfully met its goals in a late-stage clinical trial for IgA nephropathy, a chronic kidney disease. Shares jumped in premarket trading.

NIO (NIO): The Chinese electric vehicle maker reported its first quarterly profit on a non-GAAP basis, with both earnings and revenue beating analyst estimates. Shares rose in premarket trading.

BioNTech (BNTX): The biotech company reported a net loss for 2025 and issued full-year revenue guidance that disappointed investors. The news came alongside an announcement that its co-founders are launching a new mRNA company. Shares fell sharply in premarket trading.

Kohl's (KSS): The retailer posted mixed earnings results for its fourth quarter. Revenue came in below analyst expectations, while earnings per share beat forecasts. Kohl's shares fell sharply in premarket trading.

Casey's General Stores (CASY): The convenience store chain reported mixed third-quarter results. Revenue fell short of analyst expectations, while earnings beat forecasts. Shares slid in premarket trading.

Taiwan Semiconductor (TSM): The Taiwanese chipmaker reported a strong jump in sales over the first two months of the year. Shares edged higher in premarket trading.

Vail Resorts (MTN): The ski resort operator reported quarterly earnings and revenue that both missed analyst expectations. The company also cut its full-year guidance, citing persistently difficult weather conditions in the Rocky Mountains. Shares slipped in premarket trading.

Hewlett Packard Enterprise (HPE): The technology company posted first-quarter adjusted earnings that beat analyst estimates, while revenue came in slightly below expectations. Shares rose in premarket trading.

United Natural Foods (UNFI): The food distributor posted second-quarter earnings and revenue, while raising its full-year profit and free cash flow guidance, though it trimmed its revenue outlook. Shares rose in premarket trading.

(Stocks showing elevated volume and notable price movement)

Gainers: -

Losers: -

None.



Disclaimer: This newsletter is for informational purposes only and does not constitute investment advice. Readers should conduct their own research and consider consulting a financial professional before making investment decisions.