US equity futures were lower pre-bell Thursday as fresh US and Iranian strikes once again threatened
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Wall Street stocks are expected to go into reverse on Thursday as optimism about the ceasefire in the Gulf and a potential US-Iran peace deal became increasingly strained. Futures for the tech-laded Nasdaq were tipped to lead the decline, down 0.5%, while S&P 500 and Dow Jones futures...
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Wall Street futures pointed moderately lower pre-bell Thursday after media reports of renewed US mil
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Stocks looked set to drop on Thursday as investors fretted about the status of the fragile cease-fire between the U.S. and Iran. S&P 500 futures declined 0.1% and contracts tied to the tech-heavy Nasdaq 100 fell 0.4%. American forces shot down Iranian drones and hit a drone-control station near Bandar Abbas, according to The Wall Street Journal, citing U.S. officials.
Oil prices fell on a new report of progress in negotiations. Iran’s state broadcaster reported that a draft framework being negotiated with the U.S. includes restoring commercial shipping to prewar levels within a month. President Trump, speaking at a cabinet meeting, signaled that he was prepared to keep negotiating but didn’t exclude further military action.
All three major indexes spent the day inching toward fresh record highs as oil futures seemed to see an end in sight for the Iran war. The Nasdaq Composite Index closed up 0.1% to a new high of 26,674.73 on Wednesday. Today’s market wins were largely driven by the fact that oil futures were hovering at a six-week low on the news that the U.S. and Iran seem to be heading toward a deal to end the conflict and reopen the Strait of Hormuz.
A number of stocks jumped in the afternoon session after Iran-US peace deal progress drove crude oil sharply lower as the broader market reached all-time highs.
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