Equity Futures Mostly Rise as Markets Assess Renewed Middle East Tensions
US equity markets were mostly pointing higher before the opening bell Thursday as traders weighed rising tensions between Washington and Iran. S&P 500 futures ticked up 0.1% and the Nasdaq rose 0.6% in premarket activity, while the Dow Jones Industrial Average edged down 0.2%. The Dow finished Wednesday trading with its sharpest single-day decline in four weeks. The S&P also closed lower, while the Nasdaq was up. The US Central Command said Wednesday its forces completed another round of strikes against Iran to "further degrade" its ability to attack commercial shipping through the Strait of Hormuz. The US struck Iran earlier in the week after Tehran attacked three tankers that crossed the crucial waterway. US President Donald Trump said Wednesday he was no longer interested in negotiating with Iran, saying he believed the recent memorandum of understanding signed between the two countries to end their war was over. West Texas Intermediate crude oil nudged 0.4% higher to $73.80 a barrel before the open Thursday, while Brent gained 0.5% to $78.41. "The latest escalation in US-Iran military tensions this week raises new risks," ING Bank said in a report. "Vessels transiting.
US equity markets were mostly pointing higher before the opening bell Thursday as traders weighed rising tensions between Washington and Iran.
S&P 500 futures ticked up 0.1% and the Nasdaq rose 0.6% in premarket activity, while the Dow Jones Industrial Average edged down 0.2%.
The Dow finished Wednesday trading with its sharpest single-day decline in four weeks.
The S&P also closed lower, while the Nasdaq was up.
The US Central Command said Wednesday its forces completed another round of strikes against Iran to "further degrade" its ability to attack commercial shipping through the Strait of Hormuz.
The US struck Iran earlier in the week after Tehran attacked three tankers that crossed the crucial waterway.
US President Donald Trump said Wednesday he was no longer interested in negotiating with Iran, saying he believed the recent memorandum of understanding signed between the two countries to end their war was over.
West Texas Intermediate crude oil nudged 0.4% higher to $73.80 a barrel before the open Thursday, while Brent gained 0.5% to $78.41. "The latest escalation in US-Iran military tensions this week raises new risks," ING Bank said in a report. "Vessels transiting.