S&P 500 Futures Fall as US-Iran Truce Expires
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- S&P 500 futures fell as the U.S.-Iran truce expired and yields spiked, with CNBC attributing the drop to rising yields and oil prices pressuring the index.
- Nasdaq led the Dow and S&P 500 lower in pre-market trading, per market coverage, as fading Iran peace prospects drove up both yields and crude oil.
Why it matters: With the US-Iran truce lapsing, Treasury yields and crude oil are both moving higher simultaneously, mechanically pressuring equity futures and reintroducing a geopolitical risk premium that had been priced out during the truce window.
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