US Morning News Call | Oil Spikes, Stock Futures Tumble Amid Israel-Iran Conflict

Moomoo Breakfast US joined discussion · Jun 13 19:19

Before the Bell U.S.

Stock futures plunged amid Middle East turmoil Friday. Futures tied to the $E-mini S&P 500 Futures (SEP5) (ESmain.US)$ tumbled 1.01%. $E-mini NASDAQ 100 Futures (SEP5) (NQmain.US)$ dropped 1.25%, while $E-mini Dow Futures (SEP5) (YMmain.US)$ slid 1.09% in reaction to heightened geopolitical risks.

Top News

Iran Launches Retaliatory Drone Strike on Israel

Iran deployed over 100 drones toward Israel overnight in retaliation for Thursday's Israeli "pre-emptive" strikes on Iranian nuclear facilities, escalating regional conflict risks. The Israeli military confirmed that defense systems were actively intercepting the drones, which require hours to reach targets. The attack triggered slide in U.S. equity futures and oil price surge as markets priced in destabilization, potentially derailing this weekend's planned U.S.-Iran nuclear talks. IAEA verified damage at Iran's Natanz facility but confirmed stable radiation levels and no impact at Bushehr or Isfahan sites. President Trump earlier stated Israeli strikes "could blow" potential agreements.

Adobe Posts Double-Digit Segment Growth

$Adobe (ADBE.US)$ demonstrated robust performance with both its Digital Media and Digital Experience divisions, achieving double-digit revenue growth in FQ2. This acceleration signals sustained enterprise demand for creative cloud and marketing analytics solutions despite tightening IT budgets, positioning the company favorably for its upcoming earnings announcement amid broader tech sector volatility.

NRG Energy Secures Nationwide Data Center Deals

$NRG Energy (NRG.US)$ CEO Larry Coben revealed the company is finalizing agreements to power data centers "all over the country," with details to be disclosed alongside Q2 earnings. Coben characterized these as "huge, complicated deals" requiring sensitive timing for announcements, while noting grid capacity limitations for nuclear energy adoption. Concurrently, Raymond James initiated coverage with a "Strong Buy" rating and $195 price target, citing NRG's strategic positioning in energy-intensive computing infrastructure.

Boeing 787 Crash Investigation Focuses on Takeoff Configuration

Investigators probing Thursday's Air India Boeing 787-8 crash that killed 241 people are examining the aircraft's configuration during takeoff from Ahmedabad. Aviation experts cited by WSJ highlighted concerns about flap and slat positioning critical for lift generation, noting the Dreamliner's warning system alerts pilots to improper takeoff setups. The 11-year-old aircraft exhibited extended landing gear during flight - a potential drag factor - while preliminary evidence suggests no single-engine failure. This marks the first fatal crash involving $Boeing (BA.US)$'s flagship Dreamliner since its 2011 debut.

Oracle Surge Propels Ellison to World's #2 Wealth Rank

$Oracle (ORCL.US)$ shares skyrocketed 13% on Thursday after issuing strong fiscal 2026 guidance, elevating co-founder Larry Ellison to become the world's second-richest person with a 242 billion net worth. Therally added $25 billion to Ellison's fortune in a single session, surpassing both Jeff Bezos ($ 228B) and Mark Zuckerberg ($239B). The 80-year-old tech titan retains approximately 41% ownership in Oracle, which he established in 1977, as enterprise cloud demand continues driving record valuations.

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