U.S. Futures Drift Lower as Iran Standoff and Inflation Concerns Weigh on Markets: Dow Jones, S&P, Nasdaq, Wall Street

U.S.

Futures Drift Lower as Iran Standoff and Inflation Concerns Weigh on Markets: Dow Jones, S&P, Nasdaq, Wall Street U.S. stock futures edged lower on Tuesday as investors monitored mounting uncertainty surrounding the conflict between the United States and Iran, while also preparing for the release of closely watched U.S. inflation data

By 03:28 ET, Dow Jones futures were down 71 points, or 0.1%. S&P 500 futures declined 25 points, or 0.3%, while Nasdaq 100 futures fell 193 points, or 0.7%. Wall Street ended Monday’s session modestly higher, supported largely by continued gains in semiconductor and artificial intelligence-linked stocks.

Enthusiasm surrounding AI-related companies has remained resilient despite ongoing geopolitical tensions. However, analysts at Vital Knowledge suggested broader market performance appeared less convincing beneath the surface. “[W]e continue to think the price action in chips/components is extremely extended and unsustainable while an Iran deal, to the extent one arrives, is more likely to trigger a sell-the-news response than spur material additional gains (since it’s already assumed that an agreement will be struck),” the firm said in a note. The analysts also pointed out that the equal-weighted S&P 500 underperformed during Monday’s session, while government bond yields and oil prices continued climbing.