U.S. stock futures are pointing lower as investors consider President Donald Trump’s statement about the military strike against Iran. Futures are down 0.2%, and other major indices are edging lower. Bitcoin is rising nearly 2% to trade above $106,000 while the yield on the 10-year Treasury note is higher and gold futures are lower.
Brent crude prices have fallen by more than 2% to around $77 a barrel after President Trump announced he would decide on a strike against Iran within two weeks–but that’s a moot point now. White House press secretary Karoline Leavitt indicated a chance for negotiations with Iran–again, a moot point after the weekend.
Accenture shares are down 4% in premarket trading after the firm’s quarterly bookings fell short of the $21.5 billion consensus estimate, coming in at $19.7 billion.
However, Accenture reported earnings per share of $3.49 on revenue of $17.73 billion, beating expectations. The company also raised its full-year outlook.
Stocks dip amid Iran tensions
Home Depot has reportedly shown interest in acquiring building-products distributor GMS, which has a market cap of around $3.1 billion. QXO recently offered to buy GMS for $95.20 per share, an 18% premium. GMS shares are soaring 30% in premarket trading while Home Depot’s stock is edging lower.
Circle Internet Group shares continue to climb, up 6% in premarket trading following the Senate’s passage of stablecoin legislation. The law facilitates the use of stablecoins by banks, firms, and retailers. Circle, the largest U.S. stablecoin issuer, has seen its stock surge over sixfold since its June 5 debut.
These key developments in geopolitics, earnings, acquisitions, and crypto legislation are set to move the markets as trading opens. Investors will be closely monitoring the impact of these stories throughout the weeks ahead.
