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Futures for the S&P 500 shed 0.4% before the opening bell, while futures for the Dow Jones Industrial Average added 0.7%.
Broadcom shares fell over 15% despite beating estimates, due to unchanged full-year guidance.
KEY POINTS
- PVH Corp. stock dropped 23% after lowering its full-year outlook, citing tariffs and Iran conflict.
- U.S. House approved a war powers resolution to halt military action against Iran for the first time.
- Oil prices fell after Israel and Lebanon renewed their ceasefire and agreed on Hezbollah-free zones.
- High bond yields have pushed U.S. mortgage rates to a nine-month high, threatening economic growth.
COMPANIES
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