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U.S. stock futures fell Thursday as doubts over President Trump’s ability to end the Iran war rattled Wall Street. Meanwhile, SpaceX confirmed a record $75 billion IPO, and investors await key jobs data.
U.S. stock futures slipped Thursday as doubts over President Trump’s ability to end the war with Iran rattled investors.
Dow Jones Industrial Average futures hugged the flatline. S&P 500 futures fell 0.5%, and Nasdaq 100 futures dropped 0.6%.
The decline follows the House of Representatives voting Wednesday evening to end the war — a rebuke to the president after the most serious U.S.-Iran escalation since an April ceasefire.
Oil prices initially jumped but later eased after Israel and Lebanon agreed to a ceasefire, according to Bloomberg. West Texas Intermediate fell toward $95 a barrel.
Economic data ahead
Investors await two labor market reports Thursday ahead of Friday’s May jobs report:
Earnings and IPOs
Global central banks
The Bank of Japan is expected to raise rates to 1% this month — a level unseen since 1995 — unless the Middle East conflict escalates sharply, Reuters reported. The European Central Bank is set to raise its deposit rate to 2.25% on June 11.
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Oil Rises on Middle East Risks as AI and Auto Stocks Stay in FocusOil prices headed for weekly gains on renewed Middle East supply concerns, while SK Hynix debuted on Nasdaq, Micron stayed in focus, and Volkswagen unveiled its restructuring plan.
Gold, Bitcoin, and AUD/USD Weaken as Dollar StrengthensGold and silver slipped as the US dollar strengthened, while Bitcoin, EUR/USD, and AUD/USD remained under pressure ahead of the Federal Reserve minutes.
US Markets Close for July 4 While Oil, Gold and Asian Stocks GainUS stock markets are closed on July 3 for the Independence Day holiday, while oil prices stabilize, Asian stocks advance, and central banks continue boosting gold reserves.Editorial Note
This article aggregates publicly available market and broker updates from the source CMS. Verify time-sensitive data directly with official sources before making decisions.
Last update: Jun 04, 2026
