Stock futures waver after rally as Iran conflict
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- US stock futures for the S&P 500, Dow, and Nasdaq 100 slipped 0.3%, pausing after a sharp rebound.
- Oil prices for West Texas Intermediate and Brent crude jumped back above $90 and $101 a barrel, respectively, as fighting between Iran and the US-Israeli alliance continued, despite earlier retreats on de-escalation hopes.
- President Trump's claim of "very good and productive" discussions with Iran was pushed back by Iranian state media, stating no direct negotiations had taken place, leading to fading market optimism.
- Amazon Web Services (AWS) in Bahrain experienced disruptions due to drone activity, marking the second outage since the war began and raising questions about Big Tech's plans to establish the Middle East as a regional data center hub, according to Bloomberg and S&P Global.
- Constellation Energy Corp. CEO Joe Dominguez noted that Middle East tensions are shifting focus back to the US for critical infrastructure development, impacting prior expectations for significant data center build-outs in the region.
- Smithfield Foods (SFD) stock rose 4% premarket after raising its quarterly dividend by 25%.
- Gilead Sciences (GILD) stock edged higher after agreeing to acquire privately held biotech Ouro Me.
Why it matters: Geopolitical tensions are directly impacting global markets and tech infrastructure, forcing a re-evaluation of investment strategies.
