Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea
Mongkol Chuewong | Moment | Getty Images
Asia-Pacific markets are set to open mostly higher on Wednesday as investors digest the latest comments from U.S. Federal Reserve Chair Jerome Powell.
Powell said Tuesday that the central bank would have already cut interest rates if it weren’t for U.S. President Donald Trump’s tariff initiatives.
Japan’s benchmark Nikkei 225 was set to open lower, with the futures contract in Chicago at 39,665 while its counterpart in Osaka last traded at 39,570, against the index’s last close of 39,986.33.
Australia’s S&P/ASX 200 is set to open higher with futures tied to the benchmark at 8,558 compared to its last close of 8,541.1. Futures for Hong Kong’s Hang Seng index stood at 24,170, higher than its last close of 24,072.28.
U.S. stock futures were little changed early Asian hours after investors began the second half of the year with a reduced appetite for technology stocks.
Overnight stateside, the three major averages closed mixed. The S&P 500 inched down 0.11% and closed at 6,198.01, while the Nasdaq Composite lost 0.82% to settle at 20,202.89. The blue-chip Dow was the outlier, gaining 400.17 points, or 0.91%, to end at 44,494.94.
— CNBC's Sean Conlon and Tanaya Macheelcontributed to this report.
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the Dow Industrials rose 400 points amid a rotation into health-care names, and what’s on the radar for the next session. The Japanese rice trade from the 1800s, two charts and Apple Carter Worth of ” Fast Money ” fame, who made an unbelievably great call on a downturn for the stock back in 2022, said that Apple is going higher by 6% to 8% in the short term. Chartist Katie Stockton was also on “Fast Money” Tuesday night, and her charts show an Apple upside of 14% to 16% in the short term. She calls it a “counter-trend relief rally.” Carter Worth said, “There is some follow-through coming.” He summed it up by saying, “I’m a buyer.” There was a fascinating segment, going back to the rice trade in the 1800s in Japan. If you missed it, check it out online Tuesday night. CNBC, never miss a minute. We’ll be following the Apple trade in the “Stocks @ Night” note over the next few weeks. Apple is 20% off the Dec.26 high. The stock closed at $207.82 on Tuesday but crossed the $209 mark in the after hours. Apple is down 17% year to date and the third worst performing Dow stock in 2025.. AAPL YTD mountain Apple in 2025 The banks and the dividends The nation’s biggest banks were hiking dividends Tuesday afternoon. This comes after stress tests last week showed the 22 banks the Federal Reserve was monitoring had enough money to get by in an economic downturn. Goldman Sachs will raise its dividend to $4 a share from $3 a share. The stock hit a high Monday, and it’s up nearly 7% in a week. Morgan Stanley plans to lift its dividend to $1 a share, up from nearly 93 cents, and authorized a stock buyback. Shares are just 0.7% from the February high. The stock is up 10% in a month. Wells Fargo will increase its dividend to 45 cents a share from 40 cents. The stock hit a high on Tuesday, and it is up about 9% in a month. JPMorgan said it will raise its dividend to $1.50 a share, up from $1.40, and its board authorized a buyback program. Shares hit a high Tuesday, and the stock is up 10% in a month. Citigroup plans to boost its dividend to 60 cents a share, up from 56 cents. The stock hit a high Tuesday and is up nearly 15% in a month. Bank of America will hike its dividend to 28 cents a share, up from 26 cents. The stock hit a high Tuesday, and it’s up 9% in a month. CNBC banking reporter Leslie Picker and producer Ritika Shah will have more on the impact and investor reaction Wednesday on CNBC. Tesla We are expecting delivery information for the second quarter on Wednesday. CNBC TV’s Phil LeBeau will have the numbers and immediate market reaction. In the last month, Tesla shares are down 13%. The stock is 38% from the December high. Shares are down six straight days. The stock fell another 5% on Tuesday. Jim Cramer took up the latest fight between President Donald Trump and Elon Musk on “Mad Money” Tuesday night. Cramer said, “Tesla is a total dice roll.” Of the president and Musk, he said: “It sure seems like they’re not on great terms.” Cramer also said, “The president giving Elon the right to have driverless cars on interstates — I’m calling that plan shelved.” TSLA 5D mountain Tesla over the past five trading days Rivian CNBC’s Phil LeBeau will also be watching for Rivian ‘s second-quarter delivery information. The stock down 7.3% in a month. Shares are 28% from the high hit last July. Centene Shares of Centene are down around 25% after hours. The action came after the health insurer withdrew its 2025 earnings forecast. The Senate approved cuts to Medicaid on Tuesday that amount to the program’s deepest cuts since it became a big part of American health care back in 1965 under President Lyndon B. Johnson. CNC YTD mountain Centene shares in 2025 Verint The Long Island-based customer experience company is up more than 12% in extended trading. Bloomberg , citing people familiar with the matter, reports that buyout firm Thoma Bravo is trying to buy Verint . The report also said Thoma Bravo declined to comment. Even counting Tuesday’s after-hours pop, the stock is down roughly 24% so far this year. Thanks to CNBC evening desk man David Sucherman for keeping track of this one and for always helping with “Stocks @ Night.”
Oil steadied after a modest advance with tensions in the Middle East and US inventories in focus.
Brent crude traded near $67 a barrel after rising 0.6% on Tuesday, with West Texas Intermediate above $65. Iran is said to be cutting off communication with key United Nations watchdog officials, deepening uncertainty over its nuclear program and adding ambiguity to its diplomatic showdown with Washington. Meanwhile, US President Donald Trump said Israel had agreed to the conditions needed for a 60-day ceasefire in Gaza.
Spatial is actively searching for a Strategic Account Manager – CAD/CAM/CAE/WEB 3D Software Development (m/f/d) to join our growing global Sales Team in Europe. The Strategic Account Manager (m/f/d) position can be located anywhere in an office from Dassault Systemes in Germany and will report directly to the Vice President of Business Development. The Strategic Account Manager (m/f/d) will be challenged to target new opportunities for Spatial’s components and services and to manage, nurture and develop existing installed base clients, potentially, penetrating new domains and applications/solutions, driving incremental revenue.
Role Description & Responsibilities
You are an experienced negotiator and comfortable with developing a vision and strategy to evangelize Spatial’s products, concepts and value proposition to internal and external stakeholders, embracing a consultative, value-based sales methodology with a track record of transforming pipeline into accounts
You are someone who enjoys a challenge and is motivated by achieving company objectives through hard work, collaborating with co-workers and achievement from your individual sales contribution to Spatial’s worldwide team
You possess a winning attitude, ability to build trusted relationships/partnership, team spirit, ambition to achieve business objectives, and an eagerness to work and communicate with your European and Worldwide colleagues
You are expected to grow your career with Spatial; you will be considered for future growth opportunities within Dassault Systemes and Spatial
Qualifications
Find more information about our Spatial software: www.spatial.com
Interested? Click on “Apply” to access the 3DS job portal and to upload your application documents.
Inclusion statement
As a game-changer in sustainable technology and innovation, Dassault Systèmes is striving to build more inclusive and diverse teams across the globe. We believe that our people are our number one asset and we want all employees to feel empowered to bring their whole selves to work every day. It is our goal that our people feel a sense of pride and a passion for belonging. As a company leading change, it’s our responsibility to foster opportunities for all people to participate in a harmonized Workforce of the Future.
About Range Rover Every Range Rover is curated to elevate our clients’ lives with modernist design, connected, refined interiors and electrified performance driving unrivalled luxury. Inspired by exemplary design since 1970.
The brand encompasses Range Rover, Range Rover Sport, Range Rover Velar and Range Rover Evoque and is underpinned by Land Rover – a mark of trust built on 75 years of expertise in technology, vehicle architecture and world‑leading off‑road capability.
As part of our vision of modern luxury by design, every Range Rover is available as an electric hybrid.
Range Rover is one of the world’s leading British luxury brands, sold in 121 countries. It belongs to the JLR house of brands together with Defender, Discovery and Jaguar.
Important notice Jaguar Land Rover is constantly seeking ways to improve the specification, design and production of its vehicles, parts and accessories and alterations take place continually. Whilst every effort is made to produce up‑to‑date literature, this document should not be regarded as an infallible guide to current specifications or availability, nor does it constitute an offer for the sale of any particular vehicle, part or accessory. All figures are manufacturer’s estimates.
HOUSTON, July 1 (Xinhua) — The American Petroleum Institute (API) on Tuesday reported an increase of 0.68 million barrels of crude oil in U.S. inventories for the week ending June 27.
Analysts expect a drop of 2.26 million barrels for this week.
Oil prices advanced on Tuesday. The West Texas Intermediate for August delivery gained 34 cents, or 0.52 percent, to settle at 65.45 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for September delivery went up 37 cents, or 0.55 percent, to settle at 67.11 dollars a barrel on the London ICE Futures Exchange. ■
Flight sergeant Zach Stubbings trained the Prince of Wales on RAF Sea King helicopters during their time at RAF Valley in north Wales
At least 180 current and former armed forces aircrew with cancer they claim was caused by exposure to toxic fumes in helicopters are pursuing the Ministry of Defence for compensation.
RAF flight sergeant Zach Stubbings, who died aged 47 in January, is one of at least six people who have received an out-of-court settlement from the MoD although the MoD has not admitted liability.
A group that represents veterans has urged the MoD to take swift action to protect those still serving and also raise awareness among former servicemen and women.
The MoD said it believed engine exhaust emissions were of no risk to health but it was conducting monitoring to demonstrate this.
Anna-Louise Stubbings
Anna-Louise says her late husband Zach was always incredibly proud of his military service
The Sea King was used in British military operations between 1969 and 2018 and has in the past been flown by both King Charles and the Prince of Wales.
The Westland Wessex was retired in 2003 while the Puma and the CH-47 Chinook are both still in use.
Diseases contracted by some of the crew who flew the helicopters include lung cancer, throat cancer, testicular cancer and some rare forms of blood cancer.
Anna-Louise Stubbings
Anna-Louise and Zach married in 2020 and his wife is now raising awareness of the issue to former military aircrew and veterans.
Flight sergeant Zach, who trained the Prince of Wales on RAF Sea King helicopters at RAF Valley in north Wales, was 33 when he was diagnosed with multiple myeloma, an incurable form of blood cancer that mainly affects those over the age of 65.
“He started to think, ‘hang on a minute, I’m a 33-year-old man who’s had this diagnosis of a blood cancer that isn’t common in men in their thirties… I’m going to look into it’,” recalled his widow Anna-Louise.
She is the founder of an organ donation charity which she set up nine years ago after her husband Stuart and seven-year-old son Fraser were killed by a careless driver.
She met Zach when he contacted her charity Believe after receiving a stem cell transplant before marrying in 2020.
“He was appreciating every day after his struggles with this illness and I was just appreciating being part of a team again, having somebody that just completely had my back,” said Anna-Louise.
Anna-Louise Stubbings
Zach was 33 when he was diagnosed with multiple myeloma and died aged 47 in January
Zach knew his time was limited and was determined to understand the cause of his cancer and spread awareness. He later discovered others who had worked on military aircraft had also received a cancer diagnosis.
“Zach was never bitter, he wasn’t vengeful at all, he was the most kind man and he adored his years of service,” said Anna-Louise.
Zach’s case was settled without the MoD admitting liability.
Getty Images
Zach was serving as a winch operator and winch man on Sea King aircraft at RAF Valley when he was diagnosed with myeloma
“That settlement for Zach allowed him the opportunity to have some kind of recompense but more importantly, to be able to make some memories,” said Anna-Louise.
Now she is focused on continuing Zach’s work to encourage the MoD to launch a cancer screening programme and raise awareness of the issue to aircrew and veterans.
“How many more people are not aware?” she said.
“How many people don’t know because they have not been screened? How many people don’t know what’s around the corner?”.
Military lawyer Louisa Donaghy has submitted 50 claims to the MoD and has had six cases settled
Zach’s solicitor Louisa Donaghy has been working through the inquiries from veterans and aircrew with cancer and has so far submitted 50 claims.
“I do feel that is just the tip of the iceberg,” said Louisa, a senior associate in Hugh James’ military department in Cardiff.
“There will be people out there that don’t know they’ve got cancer and also that will be diagnosed in the future.”
Ms Donaghy said for each of the six claims she had settled without any admission of liability by the MoD, she had to establish that the MoD had a duty of care to its employees and that the duty had been breached.
Ms Donaghy added: “The people that I’m representing through no fault of their own have been exposed unnecessarily for long periods of time – and for thousands of flying hours – to these toxic fumes and these could have been prevented had the MoD given additional PPE such as filtration masks, which would have narrowed and lowered the levels of exposure.”
Woody’s Lodge chief executive Graham Jones wants the MoD to warn past and present aircrew of the possible dangers
One charity for veterans has called for the MoD to be more proactive raising awareness.
“I don’t think the MoD are going far enough,” said Graham Jones of Woody’s Lodge.
“We need to get that message out to the veterans’ community and get people through a screening process so we can get an early indication of cancer and then we might be able to get a better survival rate within those veterans that are suffering.
Mr Jones said many veterans where he lives in north Wales were unaware of the issue.
“We all knew when we served in the armed forces there were going to be certain risks, but they were from conflict,” he said.
“You don’t expect it from the equipment that you’re using.”
Zach’s local MS in Cardiff Julie Morgan has urged the MoD to carry out its investigations as swiftly as possible
Zach’s local Welsh Parliament member wants PPE introduced for those still serving on Puma and Chinook helicopters and has called for a cancer screening programme for personnel and veterans.
“It’s really important to remember that there’s human beings at the end of this, there’s families at the end of this who are very anxious… and my constituent has died,” said Cardiff North MS Julie Morgan.
“It’s a matter of huge concern. The MoD should be as transparent as it possibly can be and I urge the MoD to carry on their investigations as swiftly as they can because it’s owed to people.”
Getty Images
Zach was Prince William’s flying instructor during his time at RAF Valley on Anglesey
The MoD said it believed engine exhaust emissions were of no risk to health but it was conducting monitoring to enable it to demonstrate this.
In May, the Independent Medical Expert Group (IMEG), which advises the MoD, reviewed evidence about a possible link between exhaust emissions from Sea King helicopters and rare cancers, specifically multiple myeloma and leiomyosarcoma, and found insufficient evidence to establish a clear causal relationship.
“We take the health of our personnel extremely seriously and regularly review our processes to ensure that we’re doing our utmost to keep our people safe,” it said in a statement.
It added: “Any death is a tragedy and our thoughts remain with the family and friends of Zach Stubbings.”
S&P Dow Jones Indices Announces Update to S&P Composite 1500 Market Cap Guidelines
NEW YORK, July 1, 2025 /PRNewswire/ — S&P Dow Jones Indices (“S&P DJI”) is updating the market capitalization eligibility criteria for additions to the S&P Composite 1500 Indices. EffectiveJuly 1, 2025, the size ranges will be updated as follows:
• US$ 7.4 billion to US$ 20.5 billion for the S&P MidCap 400
• US$ 1.1 billion to US$ 7.4 billion for the S&P SmallCap 600
Unadjusted company market capitalization of:
• US$ 22.7 billion or more for the S&P 500
• US$ 8.0 billion to US$ 22.7 billion for the S&P MidCap 400
• US$ 1.2 billion to US$ 8.0 billion for the S&P SmallCap 600
These market capitalization ranges are reviewed at the beginning of every calendar quarter, updated as needed to ensure they reflect current market conditions, and expressed in dollar ranges. These minimum market capitalization guidelines are designed to capture the three-month average cumulative total company level market capitalization of the S&P Total Market Index (“TMI”) universe at approximately the following cumulative percentiles:
S&P 500 – 85th percentile
S&P MidCap 400 index – 85th-93rd percentile
S&P SmallCap 600 index – 93rd-99th percentile
Companies passing the total company-level market capitalization criteria must also have a security level float-adjusted market capitalization (FMC) that is at least 50% of the respective index’s total company-level minimum market capitalization threshold.
As a reminder, the market capitalization eligibility criteria are for additions to an index, not for continued membership. As a result, an index constituent that appears to violate criteria for addition to that index is not removed unless ongoing conditions warrant an index change.
A history of market cap ranges dating back to 2007 can be found in Appendix A of the U.S. Indices methodology. The U.S. Indices methodology document will be updated soon to reflect the changes. Please visit our website www.spglobal.com/spdji for further details.
For more information about S&P Dow Jones Indices, please visit www.spglobal.com/spdji
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji.