U.S. stock futures fell Friday as investors reacted to rising Middle East tensions. President Trump said he’ll decide within two weeks whether to launch strikes against Iran, adding uncertainty to markets.
- Dow futures dropped 0.4% (↓150 pts)
- S&P 500 futures slipped 0.2%
- Nasdaq futures dipped 0.1%
Oil prices surged nearly 2% on fears of supply disruptions if Iran blocks the Strait of Hormuz, a key oil passage. Meanwhile, Fed Chair Powell reinforced that rate cuts depend on economic data, though traders still expect a cut by September.
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Trump also blasted Powell again, calling him “one of the dumbest” government officials.
Later today, investors will watch for manufacturing and economic indicator reports.
Oil update: Prices are set for a third straight weekly gain as Middle East conflicts keep upward pressure on crude. Brent crude rose 3.9% this week.
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