Overview
- President Trump used Truth Social to demand Ayatollah Ali Khamenei’s “unconditional surrender” and is weighing military options against Iran.
- The S&P 500 slid 0.8% on Tuesday while the Nasdaq 100 and Russell 2000 also lost ground as fears of broader U.S. involvement intensified.
- Crude oil futures jumped past $75 per barrel on concerns that renewed hostilities could disrupt Middle East supply chains.
- The Federal Reserve is widely expected to keep rates unchanged but investors will focus on the dot plot and Chair Jerome Powell’s postmeeting comments.
- Senators approved the GENIUS Act to create a regulatory framework for dollar-backed stablecoins, and AMD shares rose in premarket trading amid reports of an Xbox chip partnership with Microsoft.