NYSE Content Advisory: Pre-Market update + Voyager, Ategrity pop double digits in debuts
NEW YORK, June 12, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.
Kristen Scholer delivers the pre-market update on June 12th
Stocks are down fractionally this morning after the S&P 500 ended a three-day win streak yesterday. The major index is about 2% from its record.
Amid the market momentum, Voyager Technologies (NYSE: VOYG) and Ategrity (NYSE: ASIC) popped double digits in their debuts yesterday. Voyager is a $3.1 billion space and defense company. Ategrity is an insurer valued at about $1.2 billion.
NYSE-listed Oracle is seeing shares rise more than 7%. Its latest earnings exceeded expectations and it also indicated more cloud growth ahead, anticipating cloud infrastructure revenue will rise by more than 70% in the fiscal year.
Opening BellAtegrity (NYSE: ASIC) celebrates its listing on the NYSE
Closing BellCardinal Health (NYSE: CAH) celebrates its 2025 Investor Day
Click here to download the NYSE TV App
Video – https://mma.prnewswire.com/media/2709751/NYSE_June_12_Market_Update_Voyager_Ategrity.mp4
View original content:https://www.prnewswire.com/apac/news-releases/nyse-content-advisory-pre-market-update–voyager-ategrity-pop-double-digits-in-debuts-302480247.html
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New Straits Times
2 hours ago
- New Straits Times
Shares dip in Asia, oil up as world awaits Iran response
SYDNEY: Wall Street share futures slipped on Monday and oil prices briefly hit five-month highs as investors anxiously waited to see if Iran would retaliate to US attacks on its nuclear sites, with resulting risks to global activity and inflation. Early moves were contained, with the dollar getting only a minor safe-haven bid and no sign of panic selling across markets. Oil prices were up around 2 per cent, but already well off their initial peaks. Optimists were hoping Iran might back down now its nuclear ambitions had been curtailed, or even that regime change might bring a less hostile government to power there. Analysts at JPMorgan, however, cautioned that past episodes of regime change in the region typically resulted in oil prices spiking by as much as 76 per cent and averaging a 30 per cent rise over time. Key will be access through the Strait of Hormuz, which is only about 33 km (21 miles) wide at its narrowest point and sees around 20 per cent of the world's daily oil consumption. "With the US becoming involved, the risk of Iran retaliating by disrupting the flows of oil from the Middle East has risen significantly," warned analysts at ANZ. "Prices in the US$90–95/bbl range would be the likely outcome." For now, Brent was up a relatively restrained 1.9 per cent at US$78.46 a barrel, while US crude rose 2 per cent to US$75.30. Elsewhere in commodity markets, gold edged up 0.2 per cent to US$3,375 an ounce. Share markets were proving resilient so far, with S&P 500 futures off 0.3 per cent and Nasdaq futures down 0.5 per cent, having both started with losses near 1 per cent. Nikkei futures were just a fraction lower at 38,380, pointing to a small opening fall for the cash index. The dollar edged up 0.2 per cent on the Japanese yen to 146.36 yen , while the euro dipped 0.3 per cent to US$1.1485. The dollar index firmed 0.25 per cent to 99.008. There was also no sign of a rush to the traditional safety of Treasuries, with futures up only 1 tick. Futures for Federal Reserve interest rates were a tick lower, likely reflecting concerns a sustained rise in oil prices would add to inflationary pressures at a time when tariffs were just being felt in US prices. Markets are still pricing a slim chance the Fed will cut at its next meeting on July 30, even after Fed Governor Christopher Waller broke ranks and argued for a July easing. Most other Fed members, including Chair Jerome Powell, have been more cautious on policy leading markets to wager a cut is far more likely in September. At least 15 Fed officials are speaking this week, and Powell faces two days of questions from lawmakers, which is certain to cover the potential impact of President Donald Trump's tariffs and the attack on Iran. The Middle East will be high on the agenda at a NATO leaders meeting at the Hague this week, where most members have agreed to commit to a sharp rise in defence spending. Among the economic data due are figures on US core inflation and weekly jobless claims, along with early readings on June factory activity from across the globe.
The Star
3 hours ago
- The Star
Investors to focus on geopolitics, US economic data this week
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, May 19, 2025.- Photographer: Michael Nagle/Bloomberg NEW YORK: Investors will focus on the Israel-Iran conflict and US economic data releases this week to assess the near-term outlook for stocks, as the S&P 500 hovers just below its February highs. The S&P 500 has rebounded sharply from its early-April sell-off, as tariff-related tensions have eased. However, the US benchmark index appears to be taking a breather at some 2.7% below its February closing high. The index has gone 27 trading sessions since coming within 5% of its February high but has not yet set a new record. With Israel and Iran trading missiles, escalating threats of a sweeping conflict in the Middle East sent oil prices sharply higher and led to caution in global markets. 'We're all waiting on pins and needles to see what happens with the Israel-Iran situation,' said Brian Jacobsen, chief economist at Annex Wealth Management. So far, the oil market has absorbed most of the impact from geopolitical turmoil, with equities relatively stable. Yet stock investors remain concerned that higher oil prices could stoke inflation and upset plans for interest rate cuts from the US Federal Reserve (Fed). Last Wednesday, the Fed held rates steady and the central bank's policymakers signalled borrowing costs are still likely to fall this year. But they estimated the overall pace of expected future rate cuts would be slower than they saw at their last meeting in March. They cited expectations that higher inflation would flow from President Donald Trump's tariff plans. 'The question is oil prices and what that does to inflation – which has implications for monetary policy and how long the Fed keeps rates 'meaningfully restrictive',' said Sonu Varghese, global macro strategist at financial services company Carson Group. The big near-term risk for equities, investors said, was the effects of the United States joining Israel's bombing campaign against arch-enemy Iran. The US joined Israel's bombardment of Iranian nuclear and missile sites last Saturday, as residents of Iran's capital Tehran streamed out of the city on the sixth day of the air assault. The White House had said last Thursday that Trump would decide on US action in the next two weeks. 'The US entry into the war or further escalation in the attacks between the two countries, that would give the S&P 500 and equity markets more reasons to react negatively,' said Damian McIntyre, head of multi-asset solutions at investment management company Federated Hermes in Pittsburgh. On the other hand, a de-escalation in Middle East tensions could prompt a relief rally for stocks. 'If both sides can kind of just slowly de-escalate, that would be positive for equity markets, positive for risk markets,' McIntyre said. 'Markets are taking a bit of a wait-and-see approach here,' he said. Still, any stock market pull-backs due to rising geopolitical tensions are likely to be fleeting, investors said. 'History says that usually military shocks are shallow and short-lived, and so until further notice, I think that's how Wall Street will react to this one,' Sam Stovall, chief investment strategist at CFRA Research, said. Investors will also parse a slew of incoming data releases, including US business activity and housing sales today, consumer confidence numbers tomorrow and the Personal Consumption Expenditures Price Index on Friday. US consumer confidence plunged in the past few months, with households fearing tariffs could prompt a recession and higher inflation. However, with inflation in check and the United States reaching a truce in its trade fight with China, investors expect to see a pickup in sentiment. 'Remember, the survey-based data all got crushed in the March, April, May time frame. My expectation is we're still going to see an improvement,' Mark Hackett, chief market strategist at Nationwide said. — Reuters
The Star
a day ago
- The Star
Investors brace for oil price spike after US bombs Iran nuclear sites
NEW YORK: A U.S. attack on Iranian nuclear sites on Saturday could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and triggering a rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy. The attack, which was announced by President Donald Trump on social media site Truth Social, deepens U.S. involvement in the Middle East conflict. That was the question going into the weekend, when investors were mulling a host of different market scenarios. In the immediate aftermath of the announcement, they expected the U.S. involvement was likely to cause a selloff in equities and a possible bid for the dollar and other safe-haven assets when trading begins, but also said much uncertainty about the course of the conflict remained. While Trump called the attack "successful", few details were known. He was expected to address the nation later on Saturday. "I think the markets are going to be initially alarmed, and I think oil will open higher," said Mark Spindel, chief investment officer at Potomac River Capital. "We don't have any damage assessment and that will take some time. Even though he has described this as 'done', we're engaged. What comes next?" Spindel said. "I think the uncertainty is going to blanket the markets, as now Americans everywhere are going to be exposed. It's going to raise uncertainty and volatility, particularly in oil," he added. Spindel, however, said there was time to digest the news before markets open and said he was making arrangements to talk to other market participants. A key concern for markets would center around the potential impact of the developments in the Middle East on oil prices and thus on inflation. A rise in inflation could dampen consumer confidence and lessen the chance of near-term interest rate cuts. "This adds a complicated new layer of risk that we'll have to consider and pay attention to," said Jack Ablin, chief investment officer of Cresset Capital. "This is definitely going to have an impact on energy prices and potentially on inflation as well." While global benchmark Brent crude futures have risen as much as 18% since June 10, hitting a near five-month high of $79.04 on Thursday, the S&P 500 has been little changed, following an initial drop when Israel launched its attacks on Iran on June 13. Before the U.S. attack on Saturday, analysts at Oxford Economics modeled three scenarios, including a de-escalation of the conflict, a complete shutdown in Iranian oil production and a closure of the Strait of Hormuz, "each with increasingly large impacts on global oil prices." In the most severe case, global oil prices jump to around $130 per barrel, driving U.S. inflation near 6% by the end of this year, Oxford said in the note. "Although the price shock inevitably dampens consumer spending because of the hit to real incomes, the scale of the rise in inflation and concerns about the potential for second-round inflation effects likely ruin any chance of rate cuts in the U.S. this year," Oxford said in the note, which was published before the U.S. strikes. In comments after the announcement on Saturday, Jamie Cox, managing partner at Harris Financial Group, agreed oil prices would likely spike on the initial news. But Cox said he expected prices to likely level in a few days as the attacks could lead Iran to seek a peace deal with Israel and the United States. "With this demonstration of force and total annihilation of its nuclear capabilities, they've lost all of their leverage and will likely hit the escape button to a peace deal," Cox said. Economists warn that a dramatic rise in oil prices could damage a global economy already strained by Trump's tariffs. Still, any pullback in equities might be fleeting, history suggests. During past prominent instances of Middle East tensions coming to a boil, including the 2003 Iraq invasion and the 2019 attacks on Saudi oil facilities, stocks initially languished but soon recovered to trade higher in the months ahead. On average, the S&P 500 slipped 0.3% in the three weeks following the start of conflict, but was 2.3% higher on average two months following the conflict, according to data from Wedbush Securities and CapIQ Pro. An escalation in the conflict could have mixed implications for the U.S. dollar, which has tumbled this year amid worries over diminished U.S. exceptionalism. In the event of U.S. direct engagement in the Iran-Israel war, the dollar could initially benefit from a safety bid, analysts said. "Do we see a flight to safety? That would signal yields going lower and the dollar getting stronger," said Steve Sosnick, chief market strategist at IBKR in Greenwich, Connecticut. "It's hard to imagine stocks not reacting negatively and the question is how much. It will depend on Iranian reaction and whether oil prices spike." - Reuters (Reporting by Saqib Iqbal Ahmed, Lewis Krauskopf, Suzanne McGee and Saeed Azhar; Editing by Megan Davies, Diane Craft, Peter Henderson, Marguerita Choy and Jamie Freed)
