US stock futures fell Monday as two major risks converged: the threat of a Strait of Hormuz closure and a packed earnings week from the Magnificent 7 tech giants. S&P 500, Nasdaq, and Dow futures all slid, signaling a cautious open on Wall Street. The Strait of Hormuz is the narrow waterway through which roughly a fifth of the world's oil passes. Any closure would tighten global oil supply fast, pushing energy prices higher and squeezing profit margins across sectors that depend on fuel and logistics. At the same time, investors are bracing for results from the Magnificent 7, the group of mega-cap tech stocks that have driven most of the S&P 500's gains over the past two years. Their earnings will test whether high valuations are still justified after a period of elevated interest rates and slowing ad and cloud spending growth. A Hormuz disruption and disappointing tech earnings arriving together could amplify the selloff. Watch oil prices and any guidance cuts from the big tech names as the week unfolds.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
