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Dow futures climbed 270 points as markets weighed new geopolitical risks following attacks on multiple ships in the Strait of Hormuz this morning, despite President Trump's ceasefire extension. In the tech sector, SpaceX captured attention by partnering with AI coding startup Cursor, with a potential acquisition valued at $60 billion. Investors remain focused on Kevin Warsh's congressional hearing for the Fed Chair position alongside a busy earnings calendar featuring Boeing, AT&T, GE Vernova, and Tesla. Shares of UnitedHealth Group (UNH) provided an early boost to industrial indices, helping maintain positive momentum. Market participants are navigating a complex landscape of resilient economic data versus renewed maritime tensions. The focus remains on corporate financial health and the potential shift in Federal Reserve leadership.
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