Stock market today: Dow, SP 500 drop as Trump mulls Iran strikes

Stocks slide as Trump weighs Iran strikes; oil prices jump on supply fears

U.S. stock futures slipped as tensions between Israel and Iran escalate, with President Trump considering military action. Oil prices surged on supply fears, while investors await key economic data.

Stocks slide as Trump weighs Iran strikes; oil prices jump on supply fears

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.

 

Compare Top Forex brokers and start trading and investing with a trusted partner

 

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.

 

Subscribe for our newsletter

Get Forex brokers reviews, market insights, expert analytics and education material right into your inbox for free!

You can unsubscribe any time by clicking the link in our letters.