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Here’s what’s happening in the stock market today:
The stock market is surging today as US stocks cheer a preliminary US-Iran peace deal that reopens the Strait of Hormuz and tumbles oil prices, while chip stocks rebound from last week's selloff. 📈🕊️ Futures for the Dow jumped 0.74%, S&P 500 up 0.5%, and Nasdaq gaining 0.31%. Chipmakers led gains: Micron Technology surged 7.8%, Marvell Technology +4.6%, Intel +2.7%, Nvidia +2%. Roku stock exploded over 100% on Fox's $22 billion buyout at $160/share. Brent crude fell 5% to $82/barrel, WTI to $80.26. Gold held near $3,146-$3,343. Treasury yields slid: 10-year to 4.44%, easing rate hike bets to 70% by year-end. 🛢️💰
Major Indices Performance 📊
S&P 500 futures up 0.5%, closed at 7,431.46 (+0.50%).
Dow Jones futures gained 0.74%, up 377.49 points; closed at 51,579.75 (+0.74% intraday Monday).
Nasdaq Composite rose 0.31%, up 79.18 points; closed at 25,888.84 (+0.31%).
Market Movers 🚀
Roku surged over 100% to ~$160/share on Fox's $22B cash-and-stock buyout (closing H1 2027).
Micron Technology jumped 7.80%, Seagate Technology +7.35%, Trip.com +12.73% premarket.
Chip rebound: Nvidia +2%, Marvell +4.6%, Intel +2.7%, Broadcom steady.
APA -4.59%, OXY -3.98%, DVN -3.42% among energy losers on oil plunge.
Key Events Driving the Market 🗞️
US and Iran reached preliminary peace deal to end hostilities, reopening Strait of Hormuz within 30 days.
Oil plunged 5%: Brent to $82, WTI to $80.26, easing inflation fears and supply crunch.
Chip stocks rebounded after AI pressure from rate concerns and SpaceX IPO positioning; 7.4% Micron jump led sector.
Treasury yields fell: 10-year to 4.441%, dollar down 0.3% to 99.5, reflecting eased inflation/apprehension.
Fed rate hike by year-end expectations eased to 70% (from fully priced), President Trump signals deal finalization.
Investor Sentiment 👀
Overall, mood is upbeat as the Iran deal drives risk appetite, blending geopolitical relief with chip recovery and media consolidation buzz. Trading volumes elevated on deal optimism, though some caution on unsigned accord. Markets reflect optimism from peace hopes balanced against lingering rate concerns and Fed wildcard next week. 🐂🕊️
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TRADE OF THE DAY:
CME
Name: CME Group Inc.
Symbol: CME
Current Price: Approximately ~$267.74
Trade
Sell to Open: 1 CME Jul 10, 2026 285/290 Call Vertical
Total Credit Received: $72.00
Credit per Contract: $72.00 (for one contract covering 100 shares)
Direction: Bearish (expects CME to stay below the short call strike)
Probability of Profit (PoP): 84.57% (as provided)
Potential ROI:
Max Risk (Loss): $428.00
ROI: ($72.00 ÷ $428.00) × 100 ≈ 16.8%
Trade Explained in Simple English:
You are entering a bear call spread by selling the 285 call and buying the 290 call, both expiring on July 10, 2026. You receive $72.00 upfront when opening the trade. The position profits if CME stays below the break-even price of $285.72 at expiration, allowing you to keep some or all of the credit received. Your maximum profit is limited to the $72.00 credit collected, while your maximum loss is capped at $428.00 if CME rises above the 290 strike at expiration.
Wall Street Highlights:
News Beyond the Numbers
Fox agreed to acquire Roku in a roughly $22 billion deal, marking one of the biggest media-streaming mergers of the year as traditional media companies race to expand their digital reach. Read More
Activist hedge fund Elliott Management built a nearly 5% stake in Bunzl and is pushing for major share buybacks and a strategic review of its North American business. Read More
SpaceX continued to dominate Wall Street discussions after its record-shattering $75 billion IPO pushed the company's valuation above $2 trillion. Read More
Citadel founder Ken Griffin is back in the spotlight as a major new profile examines his growing influence over markets, finance, and politics. Read More
Morgan Stanley CEO Ted Pick said the bank is actively evaluating acquisition opportunities as regulators become more receptive to financial-sector dealmaking. Read More
Disclaimer: The content provided by OptionPicks is for informational and educational purposes only and should not be construed as investment, financial, legal, or tax advice. We are not registered as a broker-dealer, investment adviser, or financial advisor with the SEC, FINRA, or any other regulatory authority. Options trading involves substantial risk and is not suitable for every investor. Past performance is not indicative of future results, and no representation is being made that any subscriber will or is likely to achieve profits or incur losses similar to those mentioned. You should consult with a licensed financial professional before making any investment decisions.
