U.S. stock futures are modestly higher in premarket trading after the Nasdaq-100 (NDX) snapped a 13-day win streak on Monday, its longest streak since 1992. The moves came after President Donald Trump said on Sunday said the U.S. had struck and seized an Iranian-flagged cargo ship in the Gulf of Oman. This followed Iran saying it wouldn’t participate in a new round of peace talks with the United States.

The Strait of Hormuz remains closed and oil prices are flat this morning as Vice President JD Vance and a team of negotiators leave for Pakistan today to resume negotiations.

On the corporate front, Apple (AAPL) CEO Tim Cook will become executive chairman of Apple's board of directors and John Ternus, senior vice president of Hardware Engineering, will become Apple's next chief executive officer effective on September 1, 2026. Investor focus today will be on geopolitical headlines, economic data along with earnings from 3M (MMM), GE Aerospace (GE) and United Healthcare (UNH). 

• Oil (/CL) – Oil prices are relatively flat near $87 a barrel amid uncertainty over the fate of the second round of peace talks between the U.S. and Iran. Reports suggest that Vice President JD Vance would lead the U.S. delegation to Pakistan, while Iran’s rhetoric so far indicates it is not ready for further negotiations.

• Gold (/GC) – Gold prices are down 0.5% near $4800, weighed down by a firm US dollar ​as lingering uncertainty over U.S.-Iran ​peace talks kept investors ​cautious, while they also looked forward to a Senate confirmation hearing for Federal Reserve nominee Kevin Warsh. 

• Bitcoin (/BTC) – The Crypto Future is flat near 76,440 in premarket trading.

• VIX – The CBOE Volatility Index was up 8% on Monday and settled at 18.87 as stocks were lower.

• U.S. Dollar (/DX) – The dollar is relatively flat in the session, trading at 98.22.

• HSBC upgrades Intel (INTC) to Buy from Hold

• KeyBanc upgrades CrowdStrike (CRWD) to Overweight from Sector Weight

• Rothschild & Co Redburn upgrades Colgate-Palmolive (CL) to Buy from Neutral

• Wolfe Research downgrades Exxon Mobil (XOM) to Peer Perform from Outperform

• Baird downgrades Mohawk Industries (MHK) to Neutral from Outperform

• Wolfe Research downgrades Valero (VLO) to Underperform from Peer Perform

Tune in live from 8 a.m. to 5 p.m. ET, or anytime, anywhere, on‑demand.

Or stream it via thinkorswim® and thinkorswim Mobile, available through our broker-dealer affiliate, Charles Schwab & Co., Inc

Please do not reply to this email. Replies are not delivered to Schwab Network. For inquiries or comments, please email [email protected].

See how your information is protected with our privacy statement.  

This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.

Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.

Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.

Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.