Geopolitical tensions dominated the hour as U.S. forces successfully intercepted a surprise missile attack by Iran, occurring alongside a Washington meeting between President Trump and Israeli Prime Minister Netanyahu also focused on Iran. Markets reacted to this instability, with stock futures sliding as oil prices climbed. Corporate news was mixed, highlighted by weakness in the semiconductor sector; while SK Hynix reported record profit growth, an earnings miss contributed to a broader chipmaker selloff and a five-day decline for the Nasdaq. In policy-driven market shifts, managed care stocks—including CNC, UNH, and CVS—dropped following reports that the Trump administration plans to terminate Medicare Part D premium subsidies in 2027. Meanwhile, Ford bucked the trend, rising after an earnings beat and raised guidance.