Key insights
- US stocks are set to open higher, with the S&P 500 recovering losses from Iran war concerns. Bank stocks, including JPMorgan, Wells Fargo, and Citigroup, will be in focus following their earnings releases. Amazon's acquisition of Globalstar for $11.6 billion is also a key event, potentially impacting satellite communications and competition with SpaceX. Overall, a slightly positive influence on the US market.
Yahoo Finance's Myles Udland takes a look at the biggest themes and events that could shape the tone of Tuesday's trading session, including the S&P 500 (^GSPC) erasing all Iran war–fueled losses; bank earnings from JPMorgan (JPM), Wells Fargo (WFC), and Citi (C); and SpaceX (SPAX.PVT) rival Globalstar (GSAT) being acquired by Amazon (AMZN).
All right, we're just moments away from the opening bell here on Wall Street and here are some of the key things that we're watching ahead of the open, brought to you by Avalera.
First, US stocks poised to open in the green. S&P 500 has now erased all losses inflicted by the war in Iran, and the Nasdaq 100 is on its longest winning streak since 2021.
We'll also keep an eye on bank stocks at the market open after JP Morgan, Wells Fargo and City all reported quarterly earnings this morning.
And satellite company Global Star will be in focus with its stock rising in pre-market trade after the SpaceX rival announced a deal to be acquired by Amazon for about $11.6 billion.