Market Overview:

• Futures: Mixed and mostly unchanged; small caps slightly down (~0.3%).

• Oil: Initially up over the weekend, now down 0.5% at ~$73.50/barrel.

• 10-Year Treasury Yield: Down 3 basis points to ~4.35%.

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Geopolitical Tension:

• U.S. bombed 3 Iranian nuclear sites using bunker-busters and Tomahawks.

• Iran's Parliament approved closing the Strait of Hormuz, a vital global oil route, but it still needs higher approval.

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Notable Stock Movers:

• Chevron: Leading gains in the Dow.

• NVIDIA: Lagging slightly.

• Apple: Slight uptick amid internal talks of bidding for Perplexity AI; Meta also reportedly interested.

• Tesla: +1.5% pre-market after Robotaxi launch in Austin for $4.20/ride.

• Hims & Hers: -20% after Novo Nordisk terminated partnership, accusing it of selling knockoffs of Wegovy.

• Novo Nordisk (NVO): -5% after disappointing trial results for new obesity drug.

• Exelixis (EXEL): +20% on positive Phase 3 colorectal cancer drug results.

• Cidara Therapeutics (CDTX): +100% on successful Phase 2 flu treatment data.

• Northern Trust (NTRS): +6% after BNY Mellon approached about merger (reportedly declined).

• Fiserv (FI): +6% on news of launching a stablecoin and digital asset platform, partnered with Circle and PayPal.

• DoorDash (DASH): +2.5% after Raymond James price target raised from $215 to $260.

• AMD: +2% after Melius Research raised price target to $175 from $110.

• Supermicro (SMCI): -3% after announcing a $2B debt offering.

• Estee Lauder (EL): +2% following Deutsche Bank upgrade to Buy.

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Earnings to Watch:

• Tuesday (Pre-Market): Carnival (CCL)

• Tuesday (After Close): AeroVironment (AVAV) – key drone supplier to Ukraine & Israel

• Wednesday (After Close): Micron (MU) – stock has rallied in anticipation