Nasdaq 100 Futures Drop Nearly 1% as US-Iran Tensions Lift Oil
Updated
Updated · Bloomberg · May 12
Nasdaq 100 Futures Drop Nearly 1% as US-Iran Tensions Lift Oil
9 articles · Updated · Bloomberg · May 12
Nasdaq 100 futures fell nearly 1% and S&P 500 futures lost 0.4% before Tuesday’s open, signaling a pullback from risk assets after weeks of strong US equity gains.
Oil surged as tensions between Washington and Iran worsened, adding inflation pressure just as traders awaited a crucial US inflation reading.
Technology shares led the retreat, extending an earlier premarket slide in high-flying growth stocks that had driven much of the market’s recent advance.
The move highlights how elevated valuations in US equities are leaving markets more exposed to shocks from geopolitics and inflation.
With an AI boom meeting a war-driven oil crisis, which economic force will ultimately define the market's future?
Can President Trump's upcoming summit with Xi Jinping resolve the Hormuz crisis and avert a potential global recession?
Is the Iran war's disruption of oil supplies unintentionally triggering the fastest green energy transition in history?