⚠️ Pre-Market Alert — 2026-04-06

Overnight Developments

U.S. Fighter Jet Shot Down by Iran; Military Conflict Escalates — Multiple Sources

Iranian forces shot down a U.S. F-15E fighter jet in Iranian airspace, and a U.S. A-10 Warthog crashed near the Strait of Hormuz after being hit by anti-aircraft fire. One crew member was rescued. This marks a significant escalation in direct U.S.-Iran military engagement entering its second month. Affected sectors: Defense, Energy, Aerospace, Transportation

Strait of Hormuz Maritime Traffic Down 95% — UN News

The UN Secretary-General warned the world is “on the edge of a wider war.” Maritime traffic through the Strait of Hormuz has dropped 95% over the past month, creating severe energy supply chain disruption. Over 1.1 million displaced in Lebanon. Affected sectors: Energy, Global Trade, Transportation

100% Pharmaceutical Tariffs Announced — American Hospital Association

The White House announced 100% tariffs on name-brand pharmaceuticals with 120–180 day implementation timelines. Generic drugs and biosimilars are exempt. Companies with HHS pricing agreements avoid tariffs through January 2029. Affected sectors: Pharmaceuticals, Healthcare

Futures & Pre-Market

Watchlist Movers

No watchlist stocks moving >3% pre-market.

International Markets

Asian markets were mixed overnight — Nikkei +0.35%, while Hang Seng fell -0.70% and Shanghai Composite dropped -0.98% amid ongoing Middle East uncertainty. European markets showed similar divergence with FTSE +0.69% and DAX -0.56%.

What to Watch at Open

Despite calm futures, the U.S.-Iran military escalation and Strait of Hormuz shutdown remain significant tail risks — watch defense names (GE, RKLB) and energy sector for any intraday developments. Pharma tariff details could weigh on PFE and broader healthcare if exemption terms shift.

This alert is for informational purposes only and does not constitute financial advice.

• Market-Alert
• Pre-Market