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Markets Drop Amid U.S.-Iran Stalemate. CPI Inflation Report Will Show Economic Impact of War.
Barrons.com95d agobearish
Markets Drop Amid U.S.-Iran Stalemate. CPI Inflation Report Will Show Economic Impact of War.

Stocks looked set to tumble on Tuesday as the stand-off between the U.S. and Iran dragged on, putting the market on edge ahead of an inflation reading that will make clear just how much the war in the Middle East is impacting the economy. S&P 500 futures declined 0.4% and contracts tied to the tech-heavy Nasdaq 100 dropped 0.8%. The S&P and Nasdaq both eked out record highs on Monday as the rally in chip stocks rolled on.

Oil Stabilizes in Wake of Selloff
The Wall Street Journal100d agobearish
Oil Stabilizes in Wake of Selloff

Oil prices stabilized in Asian trading, a day after investor optimism about diplomacy between the U.S. and Iran sparked steep declines. Brent crude, the global benchmark, was 0.5% higher at around $102.

Ferrari Stock Falls After Earnings Beat. It Can’t Swerve the Iran War.
Barrons.com102d agobearish
Ferrari Stock Falls After Earnings Beat. It Can’t Swerve the Iran War.

Ferrari beat analysts’ earnings targets and stuck with its full-year guidance on Tuesday, even though the war in the Middle East disrupted deliveries over the first quarter. Ferrari shipped 3,436 cars over the first quarter, down 157 from the same period a year ago. Shipments for Europe, the Middle East, and Africa fell by 243 from a year ago to 1,458.