Today’s Market Movers: Intel and Nvidia Edge Higher While ServiceNow and Palantir Pull Back
TLDR
- U.S. strikes on Iranian rocket launchers sent oil prices above $90 a barrel, lifting energy stocks
- Chevron, Halliburton, Exxon Mobil, and other energy names rose in premarket trading
- PG&E dropped 10% after California lawmakers blocked a wildfire liability reform proposal
- Pinterest fell 2% after its CFO resigned to pursue another opportunity
- Software stocks pulled back while semiconductor stocks edged higher to close out August
U.S. stock futures fell Monday morning as the U.S. launched fresh strikes against Iran, pushing oil prices sharply higher and adding to investor uncertainty heading into the final day of August.
The strikes targeted two Iranian rocket launchers in the Strait of Hormuz on Sunday. Iran responded with attacks on U.S. positions in the region. Brent crude climbed more than 2% to above $90 a barrel, with some reports putting it above $91.
BREAKING: US officials say Iran has launched ballistic missiles at a US airbase in Jordan in retaliation for US attacks on Iran near the Strait of Hormuz just hours ago.
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