Overview:

Midday Monday, geopolitical shock dominates U.S. equity markets after the UAE intercepted Iranian missiles for the first time since an April 8 ceasefire. WTI crude surged 3% past $105 per barrel, Brent jumped 5% above $114, and the 10-year Treasury yield spiked 8.6 basis points to 4.464%. The S&P 500 fell 0.3% to around 7,208, the Dow dropped 413 points, and the Russell 2000 slid nearly 1%, while

Midday Monday, geopolitical shock dominates U.S. equity markets after the UAE intercepted Iranian missiles for the first time since an April 8 ceasefire. WTI crude surged 3% past $105 per barrel, Brent jumped 5% above $114, and the 10-year Treasury yield spiked 8.6 basis points to 4.464%. The S&P 500 fell 0.3% to around 7,208, the Dow dropped 413 points, and the Russell 2000 slid nearly 1%, while investors await Palantir earnings after the close.


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James Whitfield is our pre-market analyst at PreMarket Daily, covering U.S. equity futures, overnight movers, earnings releases, and the macro catalysts that set the tone before the 9:30 AM ET open. James...