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Stock futures rise on hopes of U.S.-Iran conflict resolution. (00:14) Uber (UBER) weighs higher bid for Delivery Hero (DLVHF) after €11.5B offer rebuffed, FT reports. (01:08) Wix (WIX) set to ax a fifth of staff in post-earnings shockwave. (01:40)
This is an abridged transcript.
Stock index futures are higher as investors assess the possibility of a resolution in the U.S.-Iran conflict, despite fresh strikes by Washington.
S&P 500 futures (SPX) advanced 0.6% to 7,520, while Nasdaq 100 futures (US100:IND) gained 0.6% to 29,674. Dow futures (INDU) climbed 0.47% to 50,815.
U.S. forces carried out what they described as “self-defense” strikes in southern Iran early Tuesday, with U.S. Central Command stating that the operation was intended to “protect our troops from threats posed by Iranian forces.”
Crude oil is down 3.9% at $92. Bitcoin is down 0.9% at $76,000. Gold is down 1.1% at $4,517.
The FTSE 100 is up 0.6% and the DAX is down 1%.
Wix (WIX) is set to slash around 1,000 jobs in the coming months, or approximately 20% of its workforce.
If this happens, it would be the largest layoff in its history.
This information is from multiple Israeli media outlets.
The reports come just a week after the website-building company missed heavily on Q1 earnings, leading shares to lose a third of their value in the subsequent session. It was the latest spate of bad news for Wix (WIX), whose stock is down nearly 50% since the beginning of the year amid growing fears of the SaaSpocalypse.
Uber’s (UBER) board met on Saturday to discuss raising its offer for Delivery Hero after a major shareholder rebuffed Uber's bid.
The current bid would value the German food delivery group at over 11.5 billion euros ($13.39B).
The Financial Times reported on Sunday that the board held a meeting in which it discussed the status of the takeover bid.
Delivery Hero (DLVHF) confirmed on Saturday it had received a takeover offer from Uber, valuing the company at 33 euros per share.
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Economic calendar:
8:30 am Chicago Fed National Activity Index
9:00 am Case-Shiller Home Price Index
9:00 am FHFA House Price Index
10:30 am Dallas Fed Manufacturing Survey
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