U.S. stock futures dipped early Friday as investors kept a close watch on the Middle East conflict between Iran and Israel, along with the possibility of direct U.S. involvement. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were down 0.15%, 0.20%, and 0.17%, respectively, at 4:28 a.m. EST, June 20.
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Investors remain nervous as the fight between Israel and Iran continues. President Donald Trump is thinking about a U.S. strike on Tehran, and the White House said Thursday that a final decision is expected within the next two weeks.
U.S. markets were closed on Thursday for the Juneteenth holiday. For the week so far, the S&P 500 is up slightly with a 0.07% gain. The Dow is down 0.06%, while the Nasdaq is up about 1%.
Tensions in the Middle East remain high, adding to investor concerns after Federal Reserve Chair Jerome Powell’s comments on Wednesday. The Fed held interest rates steady, and Powell signaled there’s no rush to cut rates. He also noted uncertainty around the impact of Trump’s tariffs on the economy.
Looking ahead, investors will watch for the Philadelphia Fed’s manufacturing survey on Friday morning, along with the Conference Board’s report on May’s leading economic indicators.
On the earnings front, supermarket chain Kroger (KR), Accenture (ACN), Darden Restaurants (DRI), and used cars retailer CarMax (KMX) are expected to report results today.
Meanwhile, the U.S. 10-year treasury yield was down, floating near 4.41%. Simultaneously, WTI crude oil futures are trending higher, hovering near $75.66 per barrel as of the last check. At the same time, the Gold Spot U.S. Dollar Price declined to nearly $3,348 per ounce on Friday.
Elsewhere, European stocks rose on Friday, snapping a three-day losing streak that had dragged them to their lowest levels in nearly two months.
Asia-Pacific Markets Traded Mixed Today
Asia-Pacific indices were mixed on Friday as China held its key lending rates steady and investors kept a close watch on rising tensions between Israel and Iran.
Hong Kong’s Hang Seng Index was up 0.89%. However, Japan’s Nikkei and Topix indices gained 0.22% and 0.75%, respectively. At the same time, China’s Shanghai Composite and Shenzhen Component indices closed lower by 0.07% and 0.47%, respectively.
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