U.S. stock futures fell on Wednesday night after President Donald Trump indicated that the Iran war would continue.
S&P 500 futures declined 0.8%, and Nasdaq 100 futures
lost 1%. Futures tied to the Dow Jones Industrial Average slid 352 points, or about 0.8%.
Trump delivered an address Wednesday night, providing updates on the Middle East conflict. Though he said that the U.S. is “getting very close” to ending the Iran war, Trump added that the nation would “hit” Tehran “extremely hard.”
“Over the next two to three weeks, we’re going to bring them back to the stone ages where they belong,” the president said.
Stock futures slid during the speech, and oil prices surged. West Texas Intermediate crude futures
were last up 3.5% at more than $103 a barrel, while Brent crude futures advanced more than 4% to top $105. At one point in the evening, Brent briefly hit $106 a barrel.
Nasdaq futures currently down 1.29% -312.25
Dow currently down 0.93% -437
S & P currently down 1.07% -71
Oil futures up 4.14% 104.26
AmyWilliamse on
Markets aren’t really reacting to the war itself anymore, they’re reacting to the timeline. “Weeks” signals prolonged uncertainty, which affects oil prices, inflation expectations, and global trade routes. That’s where the real economic pressure comes from.
2 Comments
From the article:
U.S. stock futures fell on Wednesday night after President Donald Trump indicated that the Iran war would continue.
S&P 500 futures declined 0.8%, and Nasdaq 100 futures
lost 1%. Futures tied to the Dow Jones Industrial Average slid 352 points, or about 0.8%.
Trump delivered an address Wednesday night, providing updates on the Middle East conflict. Though he said that the U.S. is “getting very close” to ending the Iran war, Trump added that the nation would “hit” Tehran “extremely hard.”
“Over the next two to three weeks, we’re going to bring them back to the stone ages where they belong,” the president said.
Stock futures slid during the speech, and oil prices surged. West Texas Intermediate crude futures
were last up 3.5% at more than $103 a barrel, while Brent crude futures advanced more than 4% to top $105. At one point in the evening, Brent briefly hit $106 a barrel.
Nasdaq futures currently down 1.29% -312.25
Dow currently down 0.93% -437
S & P currently down 1.07% -71
Oil futures up 4.14% 104.26
Markets aren’t really reacting to the war itself anymore, they’re reacting to the timeline. “Weeks” signals prolonged uncertainty, which affects oil prices, inflation expectations, and global trade routes. That’s where the real economic pressure comes from.