Iran strikes hit futures
6/10/20265 min
Stock index futures tumble as Middle East tensions flare up again. (00:13) Kalshi plans to require users to disclose their employer for some trades - report. (01:08) SK Hynix (HXSCL) reportedly targets U.S. listing as soon as August. (02:25)
Episode transcripts seekingalpha.com/wsb.
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Transcript preview
First 90 secondsJulie Morgan· Host0:00
[instrumental music] Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It's good to have you here on this Wednesday, June 10th. I'm Julie Morgan. Stock index futures are lower before the bell as the US launch retaliatory strikes against Iran, raising concerns about escalating tensions in the Middle East. Dow futures are down 0.7%, S&P 500 futures are down 0.8%, and NASDAQ futures are down 1.3%. Crude oil is also lower by nearly 0.3%. The United States launched the strikes on Tuesday in response to an American helicopter being shot down near the Strait of Hormuz. Iran has reportedly targeted several Gulf countries after the US attacks. Jordan's military said Wednesday local time that it had intercepted five Iranian missiles, according to state media, while Bahrain sounded alarms and Kuwait activated its air defenses to intercept hostile aerial targets. Kalshi is planning to require users in some of its prediction markets to disclose who they work for. An advisory committee recommended the measure to prevent potential insider trading and market manipulation. The Wall Street Journal reported, citing a statement from the company, that users submitting trades in some markets related to material non-public information