Good evening, this is Markets Desk with your closing look at the stories moving money tonight.
Stock futures are climbing after the United States and Iran pulled back from what looked increasingly like open conflict over the Strait of Hormuz. Dow futures added roughly one hundred points Sunday evening, with S and P futures up nearly half a percent and Nasdaq futures gaining nearly two thirds of a percent. Energy markets remain unsettled, however, as any sustained disruption near Hormuz would threaten global oil flows and pressure an already fragile recovery.
Shifting to tech, OpenAI is reportedly weighing a delay to its long-anticipated public offering, raising fresh questions about sentiment across the broader artificial intelligence trade. The company behind ChatGPT remains a bellwether for investor confidence in the sector, and any hesitation on its path to public markets could cool enthusiasm for AI-adjacent names in the near term.
And on the auto front, Tesla reports second-quarter delivery figures within days, with the street looking for roughly four hundred six thousand vehicles. That number carries weight not just for Tesla but for the wider EV narrative, coming against a backdrop of a forecast suggesting the overall American auto market could shrink substantially by two thousand forty.
That's the tape. Markets Desk, signing off the floor.
