Stock market after hours: Why S&P, Dow and Nasdaq futures are up today?
Stock market futures rose Wednesday night after AI giant Nvidia posted a strong earnings report. S&P futures rose at least 0.8%, while Nasdaq 100 futures were up 1.2%. Dow Jones Industrial Average futures gained 206 points, or 0.5%. This also comes after a federal trade court blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.
The ruling follows several lawsuits arguing that the president exceeded his authority and left the country's trade police dependent on his whims and unleashed economic chaos.
In after-hours on Wednesday, Nvidia shares gained more than 4%. James Demmert, chief investment officer of Main Street Research, told CNBC that the earnings report is 'pivotal not just for Nvidia but for the entire stock market, as it can rejuvenate investor optimism across the board and help investors to focus on the power of AI and less on headlines out of Washington on tariffs and taxes'.
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Time of India
30 minutes ago
- Time of India
How much damage was done? Inside the strikes that shook Iran's nuclear program
The US and Israel launched major strikes on Iran's nuclear sites to slow down its bomb-making ability. Key facilities like Natanz and Fordow were hit. Some machines were destroyed, but Iran may have moved uranium in time. Damage was serious, but how much is still unclear. Iran says its program will continue anyway. Tired of too many ads? Remove Ads What was hit? Tired of too many ads? Remove Ads Signs of damage before and after Did Iran move anything before the attacks? What do US agencies say? Tired of too many ads? Remove Ads FAQs The US and Israel attacked Iran's nuclear sites to stop Iran from making nuclear weapons and to damage their uranium enrichment systems. Donald Trump said the strikes 'obliterated' Iran's nuclear program and set it back 'decades'.Iran's Supreme Leader Ali Khamenei said the US failed to do anything important. Israeli intelligence said the damage was 'very significant'. But the US Pentagon said Iran was only set back 'a few months', according to the report by Telegraph.1. At the Natanz enrichment plant, Israel struck first and destroyed the main power station, power lines, backup generators, and fuel tanks. This made the centrifuges stop working. Satellite images showed smoke and three craters near enrichment halls, meaning deeper the US dropped 'bunker buster' bombs on Natanz, hitting underground areas. At least one 'penetration hole' was seen.2. Fordow enrichment plant, aka 'crown jewel' : The US dropped 12 giant bombs on Fordow under a mountain. They targeted ventilation shafts and centrifuge halls 80 meters deep. Bombs entered the main shaft at 1,000 ft/sec and exploded underground. Iran tried to cover the shafts with concrete, but the bombs blasted through. The actual damage is unknown because it's deep underground, as stated by Telegraph backfilled tunnels at Fordow and Isfahan before the strikes, maybe to block blasts or trap them inside. No dirt or debris was seen outside after, which may mean no tunnel IAEA chief Rafael Grossi said Fordow's centrifuges are 'no longer operational'. He said vibrations from the bombs destroyed the machines, which are very delicate. US and Israeli strikes also hit Iran's defence research HQ and University buildings in Tehran linked to nuclear work. These were linked to nuclear weapons development, as per the report by Telegraph.20 top military leaders and 14 nuclear scientists were assassinated. These people were key to building nuclear weapons. Iran replaced them quickly and stayed might have moved its uranium and equipment before the attacks. Trucks and bulldozers were seen at Fordow and Isfahan right before the US strikes. Later, Iran said it had moved the uranium to a secret place. US Vice President JD Vance said they'll work on finding and securing the uranium, as per Trump said nothing was moved, claiming it was just construction workers on site. Experts say it would have been difficult for Iran to move the uranium, but not impossible. Pickaxe Mountain, close to Natanz, might be hiding a secret underground facility — possibly deeper than one day before Israel's attack, Iran claimed it had built a new uranium enrichment site, but didn't say where it is. Experts believe more secret nuclear sites exist, as mentioned in the report by and Netanyahu want to show this as a victory to gain political support. Iran says its program is damaged but not dead — and they're still working on it. Trump claimed US intel intercepted a call where Iranians said, 'This place is gone.' Khamenei repeated that 'America failed.'US Pentagon said the strikes only delayed Iran's program by a few months. CIA is more hopeful — they say the damage was severe. Full truth will take weeks or months to know. Israel is now hunting inside Iran, even during ceasefire, for leftover nuclear US may demand that Iran give up its uranium in a future deal. Only Iran knows how much of its 400kg enriched uranium is left and where it is. Iran's parliament just suspended cooperation with the IAEA, cutting off global monitoring. Some Iranian leaders now even want to build and test a nuclear bomb. Experts say it could take Iran years to rebuild what was lost, according to Telegraph destroyed power supplies and underground tunnels at key sites like Natanz and Fordow, damaging uranium-enriching machines and slowing down Iran's nuclear think Iran moved some uranium to secret places before the strikes, but there is no clear proof, and Iran denies it.
Mint
31 minutes ago
- Mint
‘These people are SICK': Donald Trump calls report of paying Iran $30 billion for nuclear agreement ‘fake news'
US President Donald Trump on Friday slammed a news report of America willing to pay Iran $30 billion to build non-military nuclear facilities. Calling the report 'fake news', he said that it was a 'ridiculous idea'. The report, published by CNN earlier this week, had said quoting four sources that Donald Trump has proposed to pay $30 billion to build a civilian-energy-producing nuclear programme. 'Who in the Fake News Media is the SleazeBag saying that 'President Trump wants to give Iran $30 Billion to build non-military Nuclear facilities.' Never heard of this ridiculous idea. It's just another HOAX put out by the Fake News in order to demean. These people are SICK!!!,' he said in a post on Truth Social. Trump bashes news report Bashing CNN directly, Trump said that one of their reporters has 'no idea what she is talking about." 'Where does CNN get its 'talent?' Just watched someone named Abby Phillip lecture her audience on Tariffs and the economy (which is doing record business!). She has absolutely no idea what she is talking about, strictly 3rd rate. Fortunately, the audience has long ago left CNN, and it will only get WORSE. LOSERS ALL!!!,' he said. Trump's second post on the matter According to the report by CNN citing at least four sources, the Donald Trump administration discussed helping Iran get access to $30 billion to build the nuclear programme, ease sanctions and free up billions in restricted Iranian funds. The talks were reportedly held in a hush-hush manner as Iran and Israel continued to strike a flurry of drones and missiles at each other, CNN reported, quoting sources. The talks have continued even as the two countries agreed to a ceasefire. The Trump administration has floated several evolving proposals in return for one thing: zero Iranian enrichment of uranium, which Iran has consistently maintained it needs. This was done a day before America launched three strikes on Iranian nuclear facilities. One Trump official told the outlet that the funding will not directly come from the US and its Arab partners may pay the bill. 'The US is willing to lead these talks' with Iran, the Trump administration official told CNN. 'And someone is going to need to pay for the nuclear program to be built, but we will not make that commitment.' Iran has repeatedly resisted the US's offers to strike a nuclear deal, insisting that nuclear enrichment is necessary for it.
Time of India
an hour ago
- Time of India
Trump says Iran warned of missile strike at Al Udeid base: ‘They asked if 1 o'clock was OK — I said fine'
Donald Trump Says Iran Warned US Ahead of Missile Strike Discrepancy Emerges Between Donald Trump's Tone and Top Military Official Live Events Pentagon Praises Troops, Defends Trump and Pete Hegseth Donald Trump Suggests Base Was Evacuated Before Strike FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel As US president Donald prepared to leave a NATO summit on Wednesday, he said something surprising and unexpected, that Iran had warned the United States in advance of a missile strike on Al Udeid Air Base in Qatar and that he personally told them to go ahead, as per a report. Iran's attack on a US military base was in retaliation for the United States' strikes on three Iranian nuclear sites amid the conflict between Israel and described Iranians as they "were very nice," and revealed that, "They gave us warning," as quoted in report. The US president said that Iranians asked Trump, "We're going to shoot 'em. Is one o'clock OK?," and Trump admitted that he replied, saying, "It's fine," as quoted in the READ: Who is Hariana Veras, the woman Trump flirted with? President says she is beautiful and wishes more were like her However, Trump's remark regarding Iran's strike on US forces at Al Udeid Air Base in Qatar, an attack that involved more than a dozen Iranian missiles, was in stark contrast to what Joint Chiefs Chairman Gen. Dan Caine told reporters the next day, according to the said it was potentially the largest single use of the Patriot air defense system in US history, explaining that "there was a lot of metal flying around, and yet our U.S. air defenders had only seconds to make complex decisions with strategic impact," as quoted in the went on to praise the US military, as he said, "These awesome humans, along with their Qatari brothers and sisters in arms, stood between a salvo of Iranian missiles and the safety of Al Udeid," and he also called them the "unsung heroes of the 21st-century United States Army," as quoted in the READ: Could Disney stock surge? Analysts raise price targets after strong earnings While, Pentagon press secretary Kingsley Wilson pointed out that, "The safety of our service members is of the utmost importance to Secretary Hegseth, and he couldn't be prouder of the troops who put their lives on the line every day to keep Americans safe," as quoted in the on, even chief Pentagon spokesman Sean Parnell said, 'Thanks to President Trump and Secretary Hegseth's leadership, our troops know that their commander-in-chief and secretary of defense have their back. Any insinuation to the contrary is absurd,' as quoted in the READ: Pornhub, XNXX in panic? US Supreme Court ruling lets states crack down on online adult content access However, there is speculation that Trump might have been aware of the danger that the Iranian attack posed because just after saying he gave Iran permission to strike, he also pointed out that "everyone was emptied off the base so they couldn't get hurt except for the gunners," quoted even Caine had revealed that only two Patriot surface-to-air missile batteries remained on base, leaving "roughly 44 American soldiers responsible for defending the entire base," which includes the forward headquarters for US Central Command, as reported by said, "The oldest soldier was a 28-year-old captain. The youngest was a 21-year-old private who'd been in the military for less than two years," as quoted in the according to his claims, Trump said Iran warned of the strike and asked if 1 o'clock was acceptable. He replied, 'It's fine.'It was in retaliation for US airstrikes on three Iranian nuclear sites during tensions involving Iran and Israel, as per the report.
