Bitcoin Falls and Stocks Slip as U.S.-Iran Standoff Pushes Oil Prices Higher

TLDR

• Bitcoin fell as U.S.-Iran peace talks stalled, pushing investors away from risky assets
• Dow futures slid while S&P 500 and Nasdaq held near flat ahead of Wednesday’s inflation data
• Anthropic signed a $9.1 billion cloud computing deal with Riot Platforms, sending Riot shares up 20% after hours
• Intel raised $20 billion from an upsized stock offering priced at $95 per share
• Oil climbed with Brent crude rising 1.8% to $89.34 a barrel as the Strait of Hormuz remains closed

U.S. stock futures were mostly flat on Tuesday as investors waited for key inflation data and tracked developments in the Middle East.

Dow Jones futures slipped 64 points, or 0.1%. S&P 500 futures traded near unchanged, and Nasdaq 100 futures edged up slightly.

The main Wall Street indexes fell on Monday after oil prices climbed again. The Strait of Hormuz remains effectively closed, disrupting global oil supplies.

West Texas Intermediate crude rose 2.1% to $83.88 a barrel. Brent crude, the global benchmark, climbed 1.8% to $89.34.

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