US stock market today: Wall Street edges higher as chip stocks rebound; US-Iran tensions remain in focus
Awaiting price reaction for this filing.
US stock futures traded modestly higher on 9 July, with Nasdaq 100 futures up 0.61% led by a rebound in semiconductor stocks following strong demand for SK Hynix ADRs, while S&P 500 futures rose 0.2% and Dow futures hovered around the flatline. Renewed US-Iran tensions, including fresh US airstrikes on Iran and Iranian missile attacks on US facilities in Bahrain, Kuwait, and Qatar, kept investors cautious amid fears of energy supply disruptions through the Strait of Hormuz. Crude oil pulled back with Brent slipping 1.6% to $76.75/barrel and WTI down 1.5% to $72.42/barrel after Wednesday's sharp 5% and 4.4% surges respectively, while Fed minutes showed only a few policymakers favouring a rate hike, with markets now pricing in roughly 87% probability of a 2026 rate hike.