S&P 500 futures fall after index snaps 9-day win streak amid rising Middle East tensions: Live updates
Rising oil prices and Treasury yields weighed all three major indexes lower on Wednesday.
S&P 500 futures fall after index snaps 9-day win streak amid rising Middle East tensions: Live updates Futures for major U.S. stock indexes fell as increased tensions between the U.S. and Iran, leading to higher oil prices and Treasury yields, negatively impacted the market. Both Broadcom and CrowdStrike experienced significant stock drops after reporting disappointing revenue figures and guidance. Despite the S&P 500 recently achieving a nine-week winning streak, analysts suggest a market pullback is a normal part of a bull market’s progression.
- S&P 500 futures fell 0.43%, Nasdaq 100 futures dropped 0.57%, and Dow Jones Industrial Average futures were near flat.
- Broadcom shares dropped 13% after missing fiscal second-quarter revenue expectations.
- CrowdStrike stock fell 10% due to lackluster second-quarter revenue guidance.
- Rising U.S.-Iran tensions led to higher oil prices and Treasury yields, negatively affecting stocks.
- The S&P 500 fell 0.74%, the Nasdaq Composite dropped 0.89%, and the Dow Jones Industrial Average declined 1.21%.
- Energy stocks were the top performers, while information technology stocks lagged.
- SpaceX set its IPO price at $135 per share, valuing the company at over $1.75 trillion.
- Asia-Pacific markets opened lower, mirroring Wall Street’s losses.
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