Dow Jones, S&P 500, and Nasdaq futures decline as crude prices jump on heightened U.S.-Iran tensions.
Dow Jones, S&P 500, and Nasdaq futures fell sharply in early trading Wednesday after President Donald Trump declared the U.S.-Iran ceasefire “over” amid renewed hostilities. Crude oil prices surged on the escalation, adding pressure to equity markets already under strain from Tuesday’s sell-off.
The Nasdaq retreated below key technical levels, with chip stocks leading declines following Samsung Electronics’ earnings report, which beat estimates but failed to sustain momentum. Broader market uptrends showed signs of weakening as growth stocks breached their 50-day moving averages.
No immediate market reaction data was provided, but futures pointed to a lower open for major indices.