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S&P 500, Nasdaq 100, Dow Jones futures rise as US-Iran exchange strikes, oil prices surge 3% after US revokes Iran's license to sell crude, 10-year Treasury
The S&P 500, Nasdaq 100, and Dow Jones futures rose as tensions between the US and Iran escalated, with the US revoking Iran's license to sell crude oil, causing oil prices to surge more than 3% [1]. The move has significant implications for global energy supplies and market volatility, with the 10-year Treasury yield at 4.55%, down from Wednesday's close [2].
| At a glance | |
|---|---|
| S&P 500 move | 0.8% higher |
| Nasdaq 100 move | 1.3% higher |
| Dow Jones move | 0.3% higher |
| Oil price move | 3% higher |
The market reaction to the escalating tensions between the US and Iran has been significant, with oil prices surging and the 10-year Treasury yield declining [2]. The S&P 500, Nasdaq 100, and Dow Jones futures have risen, despite concerns over valuations and rising competition in the tech sector [1]. The iShares Semiconductor ETF surged 3.5%, while the Roundhill Memory ETF finished up 3.7% [2].
The US decision to revoke Iran's license to sell crude oil has tightened supply outlooks, causing oil prices to rise [1]. The move has also raised concerns over regional security and global energy supplies, with two ships being struck by projectiles in the Strait of Hormuz [1]. The US Federal Communications Commission has denied DigitalSystem Technology's request to provide communication services, citing concerns over its Chinese ownership [1].
| Actual vs. Forecast | |
|---|---|
| Oil price move | 3% higher vs. expected 2% |
| 10-year Treasury yield | 4.55% vs. expected 4.58% |
The escalating tensions between the US and Iran have significant implications for global energy supplies and market volatility, with the potential for further oil price surges and interest rate changes [1]. The market will be closely watching the next OPEC meeting and the US Federal Reserve's interest rate decision for guidance on the future of oil prices and interest rates.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 11, 2026 · How we report
The index rose 0.4% in daily trading and contributed to a 1.2% weekly gain.
CNBC reports the S&P 500 is up about 10% year‑to‑date.
Technology, particularly chipmakers linked to artificial intelligence, has led the recent gains.
Renewed fighting in Iran has pushed oil prices higher, but the index has continued its upward trajectory.