President Donald Trump said Sunday that the U.S. has already won in Iran and will wrap up the war soon, either through a deal with Tehran or by ending it on its own, ahead of Tuesday’s midterms.
US Stock Futures Rise, Oil Edges Lower
Dow futures rose 184 points, or 0.35%, to 52,102.00, while S&P 500 futures gained 31.50 points, or 0.41%, to 7,645.50. Nasdaq 100 futures rose 228 points, or 0.80%, to 28,762.50 as of around 8:43 p.m. EDT.
In commodities, WTI crude oil for December deliveries fell 2.37% to $101.65 per barrel, while Brent crude for January deliveries declined 2.09% to $111.06 per barrel. Natural gas futures rose 0.48% to $2.912 per MMBtu.
Meanwhile, the U.S. dollar index, which tracks the greenback against a basket of currencies, stood at 101.911, up 0.03% at the time of writing.
Asian markets traded mixed, with South Korea’s KOSPI at 5,804.72 up 1.29%, while Japan’s Nikkei 225 fell 0.034% to 63,268.84.
Iran Reports Tanker Explosions as Talks Continue
Trump told Right Side Broadcasting Network before a campaign rally in Iowa on Sunday that “we’ve had such a victory” and that the U.S. will “put it away very soon, one way or the other.”
“Either they’ll make a deal, or we’ll just end it,” he added.
Iranian state media, IRNA news agency, reported Sunday that the Islamic Revolutionary Guard Corps Navy said two oil tankers struck a naval mine on an “unauthorized route” through the Strait of Hormuz, and that a supertanker was left ablaze.
Iranian Foreign Minister Abbas Araghchi told Al Jazeera on Saturday that Iran is “prepared for all scenarios” and that its forces are “at the highest level of readiness.”
Democrats Hold Edge Heading Into Midterms
Democrats lead Republicans 52% to 45% among registered voters on which party should control Congress, a 7-point edge, according to a new NBC News poll.
On Polymarket, traders see a 95% chance Democrats win the House and a 72% chance they take the Senate.
Earnings on Deck This Week
Earnings season continues, with Apple Inc. (NASDAQ:AAPL) set to report fiscal fourth-quarter results and Palantir Technologies Inc. its third-quarter numbers after markets close on Monday.
Advanced Micro Devices Inc., Shopify Inc. and Pfizer Inc. follow on Tuesday, all reporting third-quarter results.
Qualcomm Inc. and McDonald’s Corp. report on Wednesday and ConocoPhillips and Datadog Inc. on Thursday.
Berkshire Hathaway Inc. closes the week on Friday with its third-quarter results.
Price Action: Apple’s shares closed 1.23% lower on Friday at $344.63 and climbed 0.14% to $345.10 in extended trading.
Benzinga Edge rankings indicate Apple’s stock has a Momentum score in the 86th percentile and a Growth score in the 42nd percentile.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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