1. Iran has reportedly received its first revenue from a toll on the Strait of Hormuz, potentially escalating geopolitical tensions and global shipping costs.
2. U.S. chip stocks like Microchip and NXP rose in pre-market trading after Texas Instruments issued an optimistic second-quarter revenue and profit forecast above estimates.
3. American Express shares climbed after reporting first-quarter profits that beat estimates, driven by a 9% growth in card member spending, the highest in 3 years.
Iran Escalates Hormuz Tensions, Tech Earnings Offer Bright Spots, AmEx Shows Consumer Strength
