U.S. President Trump has announced plans to deliver a national address on Thursday at 9:00 P.M. ET. The announcement was made by Trump directly on Truth Social, his social media platform.

Announcement Details

The post on Truth Social confirmed the scheduled speech but did not include any additional details regarding the topic or agenda of the address. No further information was provided alongside the announcement.

US markets experienced selling pressure driven by significant declines in South Korean equities and escalating geopolitical tensions involving Iran. The South Korean Kospi Index fell 9%, with SK Hynix Inc – ADR dropping more than 15% and Samsung Electronics Co Ltd falling over 10%. This marked the largest one-day loss for SK Hynix since its listing in 1996. The selloff was attributed to a "sell the news" reaction following SK Hynix's US listing on Friday, which impacted stocks like Micron Technology Inc, SanDisk Corp, and Western Digital Corp.

Geopolitical risks also contributed to market uncertainty. The US and Iran exchanged fire over the weekend, leading to conflicting reports about the status of the Strait of Hormuz. Iran declared the strait closed, while the US maintained it remained open. However, sources indicated minimal traffic in the region. Oil prices rose modestly, as traders anticipated potential positive statements from the US administration to mitigate market impact.

Semiconductor performance remained a focal point. Taiwan Semiconductor Mfg. Co. Ltd reported June revenue rose 68% year-over-year but only 6.2% sequentially. The company is a key manufacturer for NVIDIA Corp, Apple Inc, and Advanced Micro Devices, Inc. The Direxion Daily Semiconductor Bull 3X ETF (SOXL) fell back into the middle of its support zone during early trade, reflecting broader sector weakness.

Investors are bracing for a critical four-hour period marked by major economic and corporate events. Bank earnings from JPMorgan Chase & Co, Bank of Corp, Citigroup Inc, Goldman Sachs Group Inc, and Wells Fargo & Co are expected before the market open. The Consumer Price Index (CPI) is set for release at 8:30am ET, and Fed Chair Warsh will testify before the House Financial Services Committee at 10am ET.

Earnings season raises questions about the sustainability of growth. S&P 500 earnings were approximately $244 per share in 2024, rising to $275–$276 in 2025. Current bottom-up consensus estimates project earnings of $336 for 2026 and $387 for 2027. Money flows in early trade were positive for Apple Inc and Microsoft Corp but negative for Amazon.com, Inc, Alphabet Inc Class C, Meta Platforms Inc, Nvidia, and Tesla Inc.

Bitcoin remained range bound, while ETFs like SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 saw positive early flows. Analysts recommend holding long-term positions while adding tactical positions based on market signals.