US stock futures rise as Trump gives time for diplomacy with Iran. Oil prices dip.
U.S. stock futures edge up after President Donald Trump said he's mulling whether to join Israel in its attack on Iran.
He will decide within two weeks on striking Iran, according to White House spokeswoman Karoline Leavitt. He will give diplomacy some time, though Iran has said it won't negotiate with the U.S. unless Israel stops attacking.
The only way to end the imposed war is to 'unconditionally stop' the enemy's aggression, Iranian President Masoud Pezeshkian said Friday in a post on X.
Still, senior U.S. officials have been preparing for the possibility of a strike on Iran, with some pointing to potential plans for a weekend strike, according to Bloomberg, citing people familiar with the matter.
The elevated tensions initially pushed oil prices up and stocks lower. But by 8 a.m. ET, stock futures and oil prices reversed courses. Futures linked to the blue-chip Dow index rose 0.15%, or 63 points, to 42,575; broad S&P 500 futures added 0.14%, or 8.5 points, to 6,042.75; and tech-heavy Nasdaq futures gained 0.16%, or 35.75 points, to21,981.00. Oil prices fell 0.29% to $74.92.
Need a break? Play the USA TODAY Daily Crossword Puzzle.
The benchmark 10- year yield rose to 4.435%.
Trump vs Powell (again)
Trump again criticized Federal Reserve Chairman Jerome Powell after the Federal Reserve rates unchanged this week.
Trump labeled Powell as 'destructive' in a social media post and said Powell is costing the United States 'hundreds of billions of dollars' by leaving rates steady.
Corporate news
CarMax's results in the first three months of its fiscal year topped analysts' forecasts.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
13 minutes ago
- Bloomberg
Balance of Power: Early Edition 6/20/2025
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses negotiations with Iran to avoid further conflict in the Middle East. On today's show, Bloomberg's Nick Wadhams, Former US Ambassador to Israel Dan Kurtzer, Stonecourt Capital Partner Rick Davis, Third Way Executive Vice President for Public Affairs Matt Bennett, Former Republican Congressman Patrick McHenry. (Source: Bloomberg)
Yahoo
14 minutes ago
- Yahoo
Is Ulta Beauty Stock Outperforming the S&P 500?
Bolingbrook, Illinois-based Ulta Beauty, Inc. (ULTA) operates as a specialty beauty retailer in the United States. With a market cap of $21.2 billion, the company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, and professional hair products. Companies worth $10 billion or more are typically referred to as "large-cap stocks." ULTA fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the specialty retail industry. ULTA benefits from selling more than 25,000 products from about 500 well-established and emerging beauty brands across all categories and price points. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Despite its strengths, the stock has plunged 3.8% from its 52-week high of $491.98 touched on May 30. Moreover, over the past three months, ULTA stock has grown 37.7%, outperforming the S&P 500 Index's ($SPX) 6.5% uptick during the same time frame. ULTA stock has grown 8.9% on a YTD basis, outperforming SPX's 1.7% uptick in 2025. Moreover, ULTA has surged 23.8% over the past 52 weeks, outperforming SPX's 9% gains. To confirm its bullish trend, ULTA has been trading above its 200-day and 50-day moving averages since late April. On May 29, ULTA stock rose 1.2% following the release of its Q1 earnings. The company reported a 4.5% year-over-year rise in its net sales, which amounted to $2.8 billion, mainly driven by increased comparable sales and new store contribution, and surpassed the Street's estimates. Its gross profit increased 4.2% from the prior year's quarter to $1.1 billion as well. ULTA's adjusted EPS for the quarter came in at $6.70, surpassing the consensus estimates by 16.1%. Within the specialty retail arena, rival Williams-Sonoma, Inc. (WSM) has declined 13.4% in 2025 and rose marginally over the past year, underperforming the stock. Among the 27 analysts covering the ULTA stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $480.56 suggests a modest 1.5% upside potential from current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
15 minutes ago
- CNN
What is a heat dome?
What is a heat dome? The hottest temperatures of the year so far will soon reach the eastern half of the United States as a brutal heat dome starts to build over the weekend. Dangerous, record-breaking heat will impact millions next week. CNN's Tyler Mauldin explains. 00:52 - Source: CNN Trump creates 'breathing space' for Iran After President Donald Trump announced he would make a decision on military action against Iran within two weeks, European and Iranian official are meeting for discussions in Geneva, Switzerland. CNN's Chief Global Affairs Correspondent Matthew Chance gives his analysis on the diplomatic talks and what comes next. 01:01 - Source: CNN Aftermath of Iranian strike on Haifa CNN's Nic Robertson shows the aftermath of an Iranian strike on Haifa, Israel, less than an hour after it made impact. The strike wounded at least 17 people according to Israeli national emergency service MDA. 00:48 - Source: CNN Jewish GOP Congressman says he was 'run off the road' GOP Rep. Max Miller said he was 'run off the road' on his way to work in Ohio by an individual who yelled "Death to Israel" and had a Palestinian flag. Miller is Jewish and describes himself as a staunch defender of Israel. 00:50 - Source: CNN Iran's foreign minister responds to Trump's call for negotiations After President Trump opened a two-week negotiating window before he decides whether to strike Iran, Iranian Foreign Minister Abbas Araghchi says the country is not seeking negotiations with the United States. 00:16 - Source: CNN Obama's energy secretary on Iran's ability to make a nuclear bomb CNN's Erin Burnett speaks with Ernest Moniz, the former US energy secretary under Obama and negotiator of the Iran nuclear deal, about the country's nuclear capabilities. 02:03 - Source: CNN CDC official who resigned warns of 'older adults dying unnecessarily' Former infectious disease expert Dr. Fiona Havers speaks with CNN's Jake Tapper after resigning from the CDC citing concerns about changes to the agency's vaccine processes under US Health and Human Services Secretary Robert F. Kennedy Jr. 01:02 - Source: CNN IAEA chief says report on Iran's nuclear program 'not new' CNN's Anderson Cooper speaks with IAEA Director General Rafael Mariano Grossi about the watchdog agency's report findings cited in part by Israeli authorities for its attacks on Iran. 03:24 - Source: CNN Scores killed in Gaza in latest Israeli strikes Israeli strikes in Gaza killed more than 70 people on Thursday, with multiple children dying. Injured children, screaming in pain, were brought to Baptist Hospital in Gaza City and other children appeared lifeless as they were carried into the ward. 00:45 - Source: CNN Video appears to show increase in aerial activity over Tehran CNN's Fred Pleitgen reports on the ground in Tehran, Iran, and witnesses increased aerial activity over the city as the Israel-Iran conflict continues. 01:02 - Source: CNN FDA approves twice-a-year shot to prevent HIV A drug already used to treat HIV has now been given FDA approval to prevent new infections, and the drugmaker says it is remarkably effective. 01:20 - Source: CNN Trump to allow two weeks before deciding on US strike in Iran In a White House briefing, Press Secretary Karoline Leavitt shared a statement from President Donald Trump regarding a US strike on Iran. 00:32 - Source: CNN Iranian missile strikes major Israeli medical center CNN's International Diplomatic Editor, Nic Robertson, reports from Beer Sheva, Israel, where a hospital was struck during an Iranian attack. Iran said it was targeting an Israeli intelligence and command center 'near a hospital.' There have been no reported deaths from the strike. 01:04 - Source: CNN Trump admin. to end 988 suicide prevention service for LGBTQ+ youth The Trump administration is ending the 988 Suicide & Crisis Lifeline's specialized services for LGBTQ+ youth on July 17. CNN's Jacqueline Howard reports. 01:01 - Source: CNN Israel's defense minister: Khamenei cannot 'continue to exist' Israel's Defense Minister Israel Katz said Iran's Supreme Leader Ayatollah Ali Khamenei cannot be allowed to 'continue to exist,' after an Israeli hospital was struck by an Iranian missile on Thursday. 00:13 - Source: CNN SpaceX Starship rocket explodes An explosion occurred late Wednesday night at SpaceX's Starbase facility in South Texas. A Starship rocket preparing for its tenth flight test experienced a 'major anomaly,' SpaceX says. There were no injuries and all employees are accounted for, according to SpaceX. The cause of the explosion and the extent of any damage are unclear. CNN has reached out to local police and fire departments for more information. 00:35 - Source: CNN Sole survivor of Air India crash mourns brother Vishwash Kumar Ramesh is the only survivor among 242 on board an Air India flight that crashed in Ahmedabad on June 12. On Wednesday Ramesh attended the funeral for his brother, who died in the tragedy. 00:30 - Source: CNN Hear former President Obama's warning about direction of the US Former President Barack Obama warned that the United States is 'dangerously close' to becoming 'consistent with autocracies' during a civic group event in Connecticut. 00:56 - Source: CNN Anne Burrell dead at 55 Anne Burrell, a chef and television personality whose joyful demeanor made her a beloved fixture on the Food Network, has died, according to the network. She was 55. 00:38 - Source: CNN NYC mayoral candidate arrested at immigration court New York City Comptroller and mayoral candidate Brad Lander was released from federal custody Tuesday afternoon, hours after he was arrested by officers at an immigration court in Manhattan when he tried to escort a migrant whom officers were attempting to arrest. 01:48 - Source: CNN Trump's new phone looks a lot like one from China The Trump Organization says its upcoming T1 smartphone will be 'proudly designed and built in the United States.' But experts tell CNN they're skeptical that goal can be achieved-- and say the T1's specifications are strikingly similar to a Chinese-made phone already on the market. 01:07 - Source: CNN This is how the US could get involved in the Israel-Iran conflict CNN's Nick Paton Walsh reports on how the US could get involved in the conflict between Israel and Iran while the countries continue trading strikes for a sixth day, with civilians in flashpoint areas facing waves of attacks. 02:14 - Source: CNN Trump's sons announce mobile phone company Trump Mobile, a wireless service created by the Trump Organization, aims to rival US carrier companies like AT&T, Verizon and T-Mobile. The Trump Organization, run by President Donald Trump's eldest sons Eric and Donald Jr., announced the business and launched a new gold smartphone for pre-order. 01:09 - Source: CNN
