U.S. stock futures marked Sunday night’s anxiety as Wall Street weighed the impact of deepening our impact on the Middle East’s participation in Iran’s nuclear facilities.
President Donald Trump and other administration officials stressed that Saturday night’s air strikes were targeting Tehran’s nuclear program, not against regime change, nor at the beginning of a broader war boots.
However, direct involvement in offensive operations (including large-scale “bundle nemesis” withdrawn from stealth bombers), which is primarily a conflict between Israel and Iran, still marks a major escalation.
Futures at the Dow Jones industrial average fell 152 points, or 0.36%. S&P 500-year futures fell 0.39%, while Nasdaq futures fell 0.53%.
Earlier Sunday, ahead of the pre-sale deal, Wedbush Securities managing director Dan Ives’ views on Wall Street after the U.S. attack on Iran.
“The market will see this Iranian threat as now disappearing, which is positive for the ultimate growth of the Middle East and technology sectors,” he said. He posted on x. “This conflict will take some time to resolve, but the market will see the worst in the rearview mirror. Inventory is expected to increase.”
U.S. oil prices soared 3.5% to $76.44 a barrel, while Brent crude jumped 3.5% to $79.70.
While global markets have been expecting to see the initial shock of oil, energy analysis firm Kpler notes Other mitigation factors The blow may be mitigated eventually.
“The oil gap has dropped sharply as the risk premium increases. But don’t fool it, this may not last,” he said. It is posted on x.
Kpler noted that Iran’s ability to retaliate was limited, saying the closure of the Hormuz Strait was unlikely. Meanwhile, it added that more and more OPEC+ production has increased by 411,000 barrels or more or more barrels.
The escalation of the Middle East conflict could be a test of whether U.S. bonds and the dollar are still seen as safe haven assets during crisis times.
The 10-year Treasury yield is almost 4.377%. The dollar fell 0.29% against the euro and the yen fell 0.24%. Gold is being used as a Substitute US dollarup 0.2% per ounce to $3,393.00.
Several key events and economic reports will be presented next week. Several Fed officials will speak throughout the week, including Chairman Jerome Powell, who appeared on Capitol Hill on Tuesday and Wednesday.
Data for existing home sales, new home sales and pending sales will expire Monday, Wednesday and Thursday, respectively, as the housing market indicates excessive demand and weak demand.
Also on Thursday, preliminary readings about the trade deficit will appear due to Trump’s tariffs and lasting orders.
On Friday, the Fed’s preferred inflation scale, personal consumption and expenditure index is due.
