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Stock index futures fall as hopes of a U.S.-Iran resolution fade. (00:13) Nintendo (NTDOY) slumps 9% over Switch 2 pricing and cautious guidance. (01:13) Dunkin’ Donuts owner Inspire Brands files confidentially for IPO. (02:28)
This is an abridged transcript.
Stock index futures are lower as there seems to be no end in sight to the U.S.-Iran conflict after President Trump called Iran’s latest proposal “totally unacceptable.”
Iran’s proposal reportedly emphasized Iranian sovereignty over the Strait of Hormuz while calling on the U.S. to end its naval blockade, guarantee no further attacks, lift sanctions, and end a U.S. ban on Iranian oil sales. The Strait of Hormuz remains mostly closed.
The Dow and S&P 500 are both down around 0.1% and the Nasdaq is down 0.25%.
Crude oil is up 2.3% at $97. Bitcoin is down 1.6% at $80,000. Gold is down 1.3% at $4,655.
The FTSE 100 is up 0.1% and the DAX is down 0.3%.
Nintendo (NTDOY) stock price fell around 9% in Tokyo on Monday after investors reacted negatively to higher Switch 2 pricing and concerns over a weak lineup of games.
Investors were also disappointed by Nintendo’s (NTDOY) outlook for the current fiscal year. The company forecasts Switch 2 sales of 16.5M units, below the nearly 20M units sold in the previous year, while operating profit guidance of 370B yen came in well below analyst expectations of about 480B yen.
The company also said that it will raise the price of its Switch 2 console to $500 from $450, signaling mounting profitability pressure as it enters its second year on the market.
The effective date of price revisions in the United States, Canada, and Europe is September 1, 2026. The increases come as memory chip costs surge amid strong AI-related demand.
Concerns have also grown because Nintendo (NTDOY) remains heavily dependent on its gaming business compared with rivals such as Sony (SONY), whose shares rose after it projected stronger gaming profits and outlined cost-control measures.
Inspire Brands, the owner of Dunkin’, Jimmy John’s, and Buffalo Wild Wings, filed confidentially for an initial public offering.
The number of shares to be offered and the price range for the proposed offering have not yet been determined, according to a statement on Friday. Inspire Brands expects to use the net proceeds of the proposed offering to repay outstanding indebtedness under its existing term loan facility and pay offering fees and expenses.
The IPO could raise $2 billion, Bloomberg reported in March.
Atlanta-based Inspire Brands has more than 33,000 restaurants worldwide and sales of $33.4 billion.
A publicly traded Inspire Brands, which also owns Arby’s and Sonic, would be a trading peer with Starbucks (SBUX) as well as other multi-restaurant chain operators such as Restaurant Brands International (QSR) Dine Brands (DIN) and Brinker International (EAT).
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Catalyst watch:
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MBX Biosciences (MBX) will hold an Obesity Day event to provide an update on its expanding obesity portfolio of products.
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Darling Ingredients (DAR) will host its 2026 Investor Day. The executive team will provide details about the company’s strategic priorities and three-year outlook.
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NBCUniversal (CMCSA), Fox (FOXA), and Amazon Prime Video (AMZN) will hold their media upfront events.
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FormFactor (FORM) will host its Investor Day at the Nasdaq MarketSite in New York City. Members of the executive leadership team will provide an in-depth review of strategic priorities, long-term growth opportunities, operational initiatives, and financial targets.
The biggest movers for the day premarket: Moderna (MRNA) +8% – Shares extended gains following Friday’s 12% rally after the company disclosed that it is conducting early-stage research on vaccines targeting hantaviruses.
Economic calendar:
10:00 am Existing Home Sales
Editor’s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.
