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September E-mini Nasdaq futures (NQU25) are up +0.14%.Stock index futures today are slightly higher on speculation that Iran's response to the US bombing of its nuclear sites is unlikely to significantly disrupt oil supplies from the Middle East.  WTI crude oil prices were up less than 1%, falling back from an overnight surge of more than +6% in initial reaction to the US strike on Iran's nuclear facilities. Today's stronger-than-expected June S&P US manufacturing report was also supportive for stocks.The June S&P US manufacturing PMI was unchanged at 52.0, stronger than expectations of a decline to 51.0.Stocks are being undercut by concern that the US strikes over the weekend on Iran's nuclear facilities could lead to an escalation of the Israel-Iran conflict.  Iran vowed retaliation and kept up attacks on Israel today, while Israeli forces kept up strikes on Iranian military sites and airports.  Iran's army command said the US has directly entered into war and should await "severe consequences" and that the Iranian army is "now free to take any action" against US interests.  President Trump said he would respond with "far greater" force to any Iranian retaliation on US assets.So far, Iran has not tried to close the vital Strait of Hormuz, which handles about 20% of the world's daily crude shipments and also 20% of the world’s LNG shipments. However, Iran's parliament on Sunday called for the closure of the strait, although that cannot happen without approval from Supreme Leader Khamenei.  Energy research firm Kpler Ltd. said, "If Iran blocks the Strait of Hormuz, even for one day, oil can temporarily hit $120 to $150 a barrel, and if it attacks major oil production or export facilities in neighboring countries, it may drive up prices higher for longer."The markets this week will focus on any retaliation by Iran for the US attacks of its nuclear facilities.  Also, any new tariff news or trade deals will be scrutinized.  Later today, May existing home sales are expected to fall -1.3% m/m to 3.95 million.  On Tuesday, the Conference Board June US consumer confidence index is expected to climb +1.8 to 99.8.  Also, Fed Chair Powell on Tuesday will testify before the House Committee on Financial Services for the Fed's semi-annual monetary policy report.  On Wednesday, Mr. Powell will testify before the Senate Banking Committee on monetary policy.  Also, on Wednesday, US Mar new home sales are expected to fall -6.7% m/m to 693,000.  On Thursday, Q1 GDP is expected to be unrevised at -0.2% (q/q annualized).  Also, weekly initial unemployment claims are expected to be unchanged at 245,000.  Friday brings May personal spending (expected +0.1% m/m) and May personal income (expected +0.3% m/m).  Also, the May core PCE price index, the Fed's preferred price gauge, is expected up +0.1% m/m and +2.6% y/y.  Finally, the revised June University of Michigan US consumer sentiment index is expected to fall -0.2 to 60.3.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,092.18 +67.01 (+1.11%)Dow 3043,089.02 +507.24 (+1.19%)Nasdaq19,912.53 +281.56 (+1.43%)Russell 20002,161.21 +28.53 (+1.34%)VIX17.48 -2.35 (-11.85%)Gold3,336.00 +2.10 (+0.06%)PortfolioSign in to access your portfolioSign inTop gainersNKTR Nektar Therapeutics 24.45 +14.91 (+156.29%)AMRN Amarin Corporation plc 16.04 +3.43 (+27.26%)KEP Korea Electric Power Corporation 12.61 +2.23 (+21.48%)AMBA Ambarella, Inc. 62.19 +10.62 (+20.61%)SMR NuScale Power Corporation 43.24 +6.74 (+18.47%)Top losersBHF Brighthouse Financial, Inc. 53.85 -5.04 (-8.56%)AAP Advance Auto Parts, Inc. 48.26 -3.67 (-7.07%)KTOS Kratos Defense & Security Solutions, Inc. 40.77 -2.86 (-6.56%)DUOL Duolingo, Inc. 422.79 -25.75 (-5.74%)FRO Frontline plc 17.53 -1.05 (-5.65%)Most activeNVDA NVIDIA Corporation 147.90 +3.73 (+2.59%)NU Nu Holdings Ltd. 13.43 +1.09 (+8.83%)TSLA Tesla, Inc. 340.47 -8.21 (-2.35%)INTC Intel Corporation 22.55 +1.36 (+6.42%)LCID Lucid Group, Inc. 2.1700 +0.0100 (+0.46%)Earnings 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