Traders work on the floor of the New York Stock Exchange (NYSE) on February 13, 2026 in New York City.
Spencer Platt | fake images
Stock futures were mixed early Tuesday, following a losing session in which traders tried to weather rising tensions between Iran and the United States. Wall Street was also awaiting the release of key corporate earnings and new inflation data.
Dow Jones Industrial Average Futures fell 103 points, or 0.2%. S&P 500 Futures flat, while Nasdaq-100 Futures rose 0.37%.
Major U.S. stock benchmarks fell in regular trading after President Donald Trump said he would reimpose a blockade on Iranian shipping through the key Strait of Hormuz.
“We are reestablishing THE IRAN BLOCKADE, so called because it only prevents Iran’s ships or clients from entering or leaving,” Trump said in a post on Truth Social.
The announcement caused oil prices to rise and stocks to fall. The S&P 500 lost 0.8% on the day, while the Nasdaq Composite fell 1.6%. The Dow Jones fell more than 100 points, or about 0.3%. Brent crude soared more than 9%, posting its biggest one-day gain since 2020.
Asia-Pacific markets finished broadly higher on Tuesday. Japan’s landmark Nikkei 225 and South Korea Kospi reversed the falls to close each with a rise of 0.7%. Australia’s Landmark S&P/ASX 200 ended flat. Mainland Chinese stocks closed up 2.15%.
Global government bond yields rose Tuesday morning as investors fear higher oil prices could keep inflation elevated.
European 10-year government bond yields rose around 4-5 basis points in early trading, while UK bond yields across all maturity levels hit their highest levels since May.
In Asia Pacific, 10-year yields in major markets have added between 5 and 8 basis points, with the exception of Japan, where yields have fallen 7 basis points.
The volatility comes as Wall Street awaits the release of corporate earnings reports. JPMorgan Chase, Goldman Sachs and Bank of America are among the companies that will report Tuesday before the bell rings.
“Today was a little bit of an outlier. Everything was down a little bit today. But overall, it doesn’t really change the way we look at earnings season. We feel pretty constructive about big tech in general. We think there’s some upside to earnings,” Michael Graham, director of investment research and strategy at Canaccord Genuity, told CNBC’s “Closing Bell: Overtime.”
Analysts expect S&P 500 earnings to grow 23.6% in the second quarter from the same period a year earlier, according to FactSet.
Inflation data for June will also be available on Tuesday, with the latest consumer price index reading scheduled for 8:30 a.m. ET. Federal Reserve Chairman Kevin Warsh will also meet with lawmakers on Capitol Hill on Tuesday as part of his two-day “Humphrey Hawkins” briefings on monetary policy. It is the first time the new head of the Federal Reserve will present the central bank’s semiannual reports.
