US stock futures steady after Dow closes above 52,000 for first time

Dow Jones··Read original
3▲1 ▼2Impact / 5
Summary · why it matters

US stock futures were little changed on Tuesday after the Dow Jones Industrial Average closed above 52,000 for the first time on Monday. S&P 500 and Nasdaq 100 futures also hovered near flat following a tech-led rally. Investors are assessing concerns over a potential oil glut as flows through the Strait of Hormuz recover faster than expected, with Brent futures trading below $74 a barrel and WTI below $71. The dollar's strength pushed the yen to a 40-year low, prompting intervention talk, while HSBC warned the greenback's rally could become explosive if the Federal Reserve hints at tightening. A JOLTS report on May job openings and consumer confidence data due later Tuesday will feed into rate-hike bets ahead of the June jobs report on Thursday.

Impact on assets 5

Financials▲ · 1 stocks
HSBC Holdings PLC
HSBA
± MixedMonetaryrelevance

HSBC warned dollar rally could become explosive if Fed hints at tightening

Consumer Discretionary▲ · 1 stocks
Others± Mixed · 3 stocks
⛏Crude Oil WTI Futures
WTI
▼ NegativeSupplyrelevance

Oil glut concerns as Strait of Hormuz flows recover faster than expected, WTI below $71