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* Futures: Dow down 0.09%, S&P 500 up 0.02%, Nasdaq up 0.11%
Aug 11 (Reuters) - U.S. stock index futures were subdued on
Tuesday as a deadlock in U.S.-Iran talks pushed up oil prices
and discouraged investors from taking risks while the inflation
outlook remained uncertain.
President Donald Trump on Monday countered Iran's conditions
for a peace deal by demanding reparations for people killed in
wars, attacks and protests, complicating efforts to reopen the
Strait of Hormuz.
Brent crude futures gained 2% to hit over one-week
highs, building on a more than 5% jump clocked in the previous
session as supply disruption anxiety continued.
Rising energy costs have spurred inflation concerns and
chances of interest rate hikes by central banks around the
world.
Readings of July consumer and producer price inflation due
later this week could be key in ascertaining the U.S. Federal
Reserve's interest rate path, given the central bank's focus on
the inflation mandate and Chair Kevin Warsh's stance on cutting
back forward guidance on rates.
As things stand, money market data shows traders are almost
evenly split between a rate-hike and a pause in September,
according to the CME FedWatch Tool.
At 5:45 a.m. ET, Dow E-minis were down 48 points, or
0.09%, and S&P 500 E-minis were up 1.75 points, or
0.02%. Nasdaq 100 E-minis were up 33 points, or 0.11%.
Wall Street's main indexes closed lower in the previous
session as investors assessed the situation in the Middle East,
though the S&P 500 and the Dow hovered near their
all-time highs.
The Nasdaq, meanwhile, sits about 2.1% from its
all-time highs, but well above its July lows, which saw the
tech-heavy index fall almost 10% from its last record closing
high.
A strong showing of corporate earnings in the current
quarter across several sectors has boosted U.S. stocks to new
peaks, with evidence of high AI-related spending showing signs
of paying off also easing some jitters.
On Tuesday, megacap and growth stocks were mixed. Nvidia ( NVDA )
inched up 0.9% in premarket trading after falling 2.9%
in the last session.
Intel ( INTC ) dipped 1%, extending Monday's losses as the
company announced the pricing of its $20 billion upsized stock
offering.
Riot Platforms ( RIOT ) jumped 21%, following a media report
that the cloud computing firm clinched a $9 billion deal with
Anthropic.
Rocket Lab ( RKLB ) slid 9.3% after the space company
appeared to push back the timeline for the first flight of its
Neutron rocket.
U.S.-listed shares of On dropped 16.2% after the
sportswear brand missed Wall Street estimates for second-quarter
net sales.
Hims & Hers Health ( HIMS ) shed 6.4% after the telehealth
company posted a wider-than-expected second-quarter loss.
The quarterly earnings season was in its last stretch, with
almost 90% of the S&P 500 companies having reported already.
LNG company Venture Global ( VG ) and drug distributor
Cardinal Health ( CAH ) are some of the companies reporting
earnings before markets open on Tuesday.
(Reporting by Avinash P in Bengaluru; Editing by Joyjeet Das)