US stock futures hold steady after Wall Street falls on Middle East fears
Updated
Updated · CNBC · May 4
US stock futures hold steady after Wall Street falls on Middle East fears
14 articles · Updated · CNBC · May 4
S&P 500 futures were near flat, Nasdaq 100 futures dipped 0.1%, and Dow futures added 14 points after the Dow fell 557.37 points on Monday.
The sell-off followed a UAE accusation that Iran launched drones and missiles, while Admiral Brad Cooper said US forces destroyed six Iranian boats in the Strait of Hormuz, a claim denied by Tehran.
Oil rose in regular trading before WTI futures slipped 1% after hours, as investors also awaited earnings from Pfizer and PayPal and US trade deficit and job openings data.
As markets bet on AI, is a looming Middle East war about to trigger a global recession?
Can the U.S. Navy's 'kill web' technology secure the world's most critical oil chokepoint from Iranian attacks?
With AI already displacing younger workers, is the economy ignoring a brewing crisis in the future workforce?