UPRO Stock Recent News

Trump's trade war has taken a new dimension with the US-Iran conflict, introducing strong volatility in the S&P 500 and Dow Jones Industrial Average, along with a sharp surge in crude oil prices.

Traders shrug off geopolitical risks and focus on the better-than-expected PMI data.

The escalation by the Americans in Iran could have caused chaos if the bombing were done during the week. However, the weekend has given markets enough time to digest the news.

US stock futures have been searching for direction ahead of full Wall Street trading beginning on Monday after President Trump authorised the 'bunker buster' bombs being dropped on three nuclear sites in Iran.  Stock index futures gapped lower overnight on the news, with S&P 500 futures sinking towards 5,900, the index's lowest level since the beginning of the month.

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Important news on taxes and spending, tariffs, and what role the U.S. will play in the Israel-Iran war could land as the market heads into earnings season.

Like Q1 earnings, which were pretty strong, the 2nd quarter 2025 could also be above average, but with the reciprocal tariffs set to expire July 8th, perhaps we are looking at another very cautious quarter of guidance for Q3 '25 earnings. In addition, Q2 '24 is facing slightly easier compares against Q2 '24 from last year. While the Q2 '25 and Q3 '25 expected S&P 500 EPS growth rate have been revised sharply lower, Q3 '25 EPS is still holding up slightly better.

Tariffs and the widening Middle East conflict are casting clouds over the stock market's June gains, with a potentially turbulent summer ahead after the S&P 500's recent push toward its record high.

The S&P 500 (^GSPC -0.22%) declined 19% earlier this year, but the index has since recouped most of its losses. The S&P 500 is currently less than 3% below its record high despite widespread economic uncertainty.