U.S. Futures Rise on Iran Truce; Tech Stocks in Focus Ahead of Jobs Data

U.S. stock futures climb as U.S.-Iran agree to pause hostilities Futures for the Dow, S&P 500, and Nasdaq all rose Monday after the U.S. and Iran agreed to a temporary halt in attacks, easing fears of a wider conflict. Oil prices remained volatile as traders watch for the truce to hold, while focus shifts to the holiday-shortened week's jobs data. 1234

AI chip stocks retreat further; Micron falls 6%, Apple hikes prices on soaring memory costs Semiconductor stocks extended last week's selloff, with Micron sliding over 6% on profit-taking after its earnings, as concerns mount that surging memory costs are squeezing profit margins across the tech sector. Apple raised prices on iPads and Macs by as much as 25%, citing unprecedented component cost increases. 56

Wall Street braces for June jobs report as rate hike bets intensify Investors turn their attention to Thursday's June non-farm payrolls report, which could shift Federal Reserve policy expectations. Economists expect 110,000 new jobs, and a strong print would revive rate-hike bets after sticky inflation data. 78

Fed stress test shows banks can withstand severe recession; capital rule overhaul delayed The Federal Reserve's annual stress test found that 32 major banks would sustain over $708 billion in losses yet still maintain lending capacity. The Fed said it will not adjust capital buffers until 2027, giving time to revamp the methodology and address industry concerns. 9