Dow Jones futures tumble as investors grow more cautious following Trump’s remarks
US Stock Futures Slide Amid Geopolitical Tensions
During Thursday's European trading session, Dow Jones futures dropped by 0.88% to fall below 46,400. At the same time, S&P 500 and Nasdaq 100 futures experienced declines of 1.1% and 1.4%, slipping under 6,550 and 23,900, respectively.
The sharp downturn in US equity futures followed a national address from President Donald Trump, in which he cautioned that the US could deliver severe retaliation against Iran within the next two to three weeks, even hinting at the possibility of pushing the nation back to the "Stone Ages."
On Wednesday, Wall Street continued its upward momentum as oil prices retreated. The Dow Jones advanced by 0.48%, the S&P 500 increased by 0.72%, and the Nasdaq 100 surged 1.16%, buoyed by robust gains in Alphabet and other leading stocks.
Travel, mining, and technology sectors also saw notable gains, with SanDisk Corp. soaring nearly 9%. Gold mining companies such as AngloGold Ashanti and Newmont benefited as gold prices marked their fourth straight day of increases.
Investor sentiment in the US stock market was bolstered as market participants reconsidered the Federal Reserve’s policy direction in light of ongoing geopolitical uncertainties, economic growth concerns, and stubborn inflation. The latest median dot plot still points to a single 25-basis-point rate cut in 2026, though some Fed officials now anticipate no rate reductions this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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