Morning Preview: April 07, 2026

Market Overview

U.S. futures are trending lower as investors prepare for a critical deadline set by President Trump regarding Iran's actions in the Strait of Hormuz. The situation escalated overnight with Iran conducting attacks in the Persian Gulf, raising concerns about the potential for military strikes if a ceasefire is not agreed upon by the deadline. Oil prices have seen a slight increase following Iran's threats to disrupt regional oil and gas supplies.

Futures Performance

• Dow: -42.00 points (-0.09%) at 46,860
• S&P 500: -9.25 points (-0.15%) at 6,641
• Nasdaq: -56.50 points (-0.23%) at 24,302

Global Market Updates

Asian Markets

• Nikkei Index: +15 points to 53,429
• Shanghai Index: +10 points to 3,890
• Hang Seng Index: Closed at 25,116

European Markets

• German DAX: +80 points to 23,248
• FTSE 100: +18 points to 10,454

Market Closing Prices (Previous Day)

• S&P 500: +29.14 points (0.44%) to 6,611.83
• Dow Jones: +165.21 points (0.36%) to 46,669.88
• Nasdaq Composite: +117.16 points (0.54%) to 21,996.34
• Russell 2000: +10.60 points (0.42%) to 2,540.64

Economic Calendar for Today

• 7:45 AM ET: ICSC Weekly Retail Sales
• 8:55 AM ET: Johnson/Redbook Weekly Sales
• 1:00 PM ET: US Treasury to sell $58B in seven-year notes
• 3:00 PM ET: Consumer Credit for February
• 4:30 PM ET: API Weekly Inventory Data

Earnings Calendar

No earnings are scheduled before the market opens. After the close, earnings reports are expected from AEHR, GBX, KRUS, LEVI, PXED, and SKIL.

Sector News

Consumer Sector

Casey’s General Stores Inc. (CASY) will replace Hologic Inc. (HOLX) in the S&P 500. Other notable changes include DigitalOcean Holdings Inc. (DOCN) replacing CASY in the S&P MidCap 400.

Automotive Sector

Ford Motor (F) is recalling over 422,000 vehicles due to windshield wiper failures.

Healthcare Sector

Managed care stocks such as UnitedHealth (UNH) and Humana (HUM) saw gains following favorable CMS rate changes.

Technology Sector

Broadcom (AVGO) has signed a long-term deal with Google (GOOGL) to develop AI chips, while ASML (ASML) shares fell due to proposed export restrictions on semiconductor technology to China.

Conclusion

As geopolitical tensions rise with Iran, market sentiment appears cautious, reflected in the lower futures. Investors are closely monitoring developments in the Middle East, alongside economic indicators and sector-specific news that could influence market movements.