Stock Market Today: Dow Jones, S&P 500 Futures Advance as Scott Bessent Expands Sanctions on Iran—Navitas

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U.S. stock futures advanced on Tuesday, as the Dow Jones, S&P 500 and Nasdaq 100 indices rose, following Monday’s mixed close.

Meanwhile, Iran vowed retaliation after U.S. Treasury Secretary Scott Bessent expanded sanctions to sever Tehran’s economic lifelines, warning that “no one is above the reach of U.S. sanctions.” The escalating geopolitical friction and threats to Gulf energy chokepoints come as oil prices attempt to stabilize following a steep decline.

Meanwhile, the 10-year Treasury bond yielded 4.71%, and the two-year bond was at 4.24%. The CME Group’s FedWatch tool projections show markets pricing a 42.1% likelihood of the Federal Reserve hiking the current interest rates during its September meeting.

IndexPerformance (+/-)
Dow Jones0.22%
S&P 5000.33%
Nasdaq 1000.64%
Russell 20000.47%

The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Tuesday. The SPY was up 0.37% at $766.30, while the QQQ advanced by 0.69% to $711.21.

Stocks In Focus

Longeveron

Longeveron Inc. (NASDAQ: LGVN ) dropped 13.62% in premarket on Tuesday after disclosing a 1-for-10 reverse stock split. Benzinga’s Edge Stock Rankings indicate that LGVN maintains a strong price trend in the short, medium, and long terms.

Navitas Semiconductor

Navitas Semiconductor Corp. (NASDAQ: NVTS ) jumped 6.21% after it signed an agreement to acquire power‑management firm Claros, which develops vertical power delivery (VPD) and integrated voltage regulator (IVR) technology for AI data centers. Benzinga’s Edge Stock Rankings indicate that NVTS maintains a weak price trend in the short and medium terms but a strong trend in the long term.

Gorilla Technology Group

Gorilla Technology Group Inc. (NASDAQ: GRRR ) plunged 9.72% after missing EPS estimates of 20 cents by 590% for the first six months of the year, coming in at a quarterly loss of 58 cents per share. Its revenue exceeded expectations at $78.4 million in the same period, much above the estimated sales of $36.7 million. Benzinga’s Edge Stock Rankings indicate that GRRR maintains a weak price trend in the short, long, and medium terms.

Real Brokerage

Real Brokerage Inc. (NASDAQ: REAX ) slumped by 88.96% after announcing a $450 million share repurchase authorization plan. Benzinga’s Edge Stock Rankings indicate that REAX maintains a weak price trend in the long term but a strong trend in the short and medium terms.

Zoom Communications

Zoom Communications Inc. (NASDAQ: ZM ) was 0.057% lower as analysts expect it to post quarterly earnings of $1.48 per share on revenue of $1.27 billion after the closing bell. Benzinga’s Edge Stock Rankings indicate that ZM maintains a strong price trend in the short, long, and medium terms, with a moderate value score.

Cues From Last Session

Consumer staples, utilities, and financial stocks led the gains on Monday, pushing most S&P 500 sectors higher, while energy and information technology shares faced the heaviest losses.

Insights From Analysts

Veteran market strategist Ed Yardeni remained exceptionally bullish on the U.S. economy and stock market, maintaining his signature thesis that the country is experiencing a productivity-driven "Roaring 2020s."

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Despite near-term volatility from rising Treasury yields, trade tensions, and rate debates, Yardeni projected the S&P 500 will hit 8,250 by year-end and reach 10,000 by the end of the decade.

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Yardeni attributed this momentum to technology and resilient spending rather than mere market speculation. He argues that the market’s ongoing rally is fueled by genuine corporate performance, stating that the gains are driven by "FEMO" (Fabulous Earnings Momentum) rather than simple "FOMO" (Fear of Missing Out).

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He viewed artificial intelligence and digital innovation as productivity “fairy dust” that cuts costs and expands profit margins across industries.

While acknowledging potential turbulence—such as sovereign debt pressures and policy shifts—Yardeni saw low odds of a credit-fueled downturn. He noted, "it’s credit crunches that are the killers" for economic expansions. Absent a severe credit event, he expected strong consumer capital and corporate earnings to sustain this long-term bull market.

Upcoming Economic Data

Here’s what investors will be keeping an eye on Tuesday.

June’s S&P Cotality Case-Shiller home price index data will be released by 9:00 a.m. ET. July’s new home sales data, along with August’s Conference Board consumer confidence index data, will be out by 10:00 a.m. ET.

Commodities, Crypto, And Global Equity Markets

Crude Oil WTI futures were trading lower in the early New York session by 1.99% to hover around $83.32 per barrel.

Gold Spot US Dollar fell 0.49% to hover around $4,628.38 per ounce. The U.S. Dollar Index spot was 0.03% higher at the 99.0330 level.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 3.80% higher at $79,955.49 per coin over the last 24 hours.

Asian markets were mixed on Tuesday, as Australia’s ASX 200, South Korea’s Kospi, and Japan’s Nikkei 225 indices rose. Hong Kong’s Hang Seng, China’s CSI 300, and India’s Nifty 50 indices fell. European markets were higher in early trading.

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