In an interview with CNBC, Israeli Prime Minister Benjamin Netanyahu indicated that Israel and the U.S. are prepared to resume military action against Iran if necessary, following ongoing conflicts that have lasted four months.
This statement contributed to a rise in oil prices, with Brent and WTI crude increasing amid fears of renewed conflict, although prices remain below the critical $100-per-barrel mark. Concurrently, S&P 500 futures fell after the index ended a nine-day winning streak. Despite these tensions, there was some positive news regarding a ceasefire agreement between Israel and Lebanon.
In the U.S., the House of Representatives voted to limit military involvement in Iran, reflecting a growing bipartisan pushback against the conflict. Additionally, corporate earnings reports negatively impacted market sentiment, with Broadcom's shares dropping nearly 14% after reporting disappointing software revenue and not raising its AI chip sales target.
CrowdStrike also saw a decline in its stock price despite beating earnings expectations. In the tech sector, SpaceX announced its IPO pricing at $135 per share, potentially valuing the company at $1.77 trillion, which would position it above Tesla in market capitalization.
Meanwhile, in the cryptocurrency market, long-term Bitcoin holders have begun selling, indicating a potential shift in market dynamics as Bitcoin's price continues to decline