Also, President Donald Trump tweeted out a threat to Iran
Dow Jones Industrial Average (DJI) futures are trading slightly below fair value this morning, as stocks look set for a lower open. Traders may take a wait-and-see approach before a handful of earnings releases from big tech firms, with Google parent Alphabet (GOOGL) set to report after the close today, followed by Facebook (FB) and Amazon (AMZN) in the coming days.
Elsewhere, oil prices are higher due to escalating tensions between the U.S. and Iran, after President Donald Trump tweeted that the Middle Eastern nation will "suffer consequences the likes of which few throughout history have ever suffered before," should its president ever threaten the U.S. again. September-dated crude futures were last seen up 90 cents, or 1.3%, at $69.12 per barrel.
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It was a mixed finish in Asia today, as the U.S. dollar weakened against a basket of global currencies. Tokyo stocks got hit the worst, with Japan's Nikkei sinking 1.3%, as the yen strengthened on reports the Bank of Japan could be considering adjusting its current monetary policy. South Korea's Kospi also closed lower, shedding 0.9%, as blue-chip tech shares Samsung Electronics and SK Hynix plunged. On the flip side, China's Shanghai Composite added 1.1% on surging financial stocks, while Hong Kong's Hang Seng added 0.1%.
European markets are lower at midday, as auto stocks sink on news of the unexpected resignation of Fiat Chrysler CEO Sergio Marchionne. The leisure sector is also on the decline, amid a negative earnings reaction for Dublin-based airline name Ryanair. At last check, the French CAC 40 is down 0.5%, while the German DAX and London's FTSE 100 are each flirting with a 0.2% loss.