Stock market today: Dow S&P 500, Nasdaq futures stumble after Trump says war with Iran not yet over
Why it matters: Dow Jones Industrial Average futures dropped over 600 points, and Brent crude surged 8% to $109 a barrel.
- US stock futures for the S&P 500, Nasdaq 100, and Dow Jones Industrial Average fell 1.5%, 2%, and 1.4% respectively, with the Dow sliding over 600 points, following Trump's speech (Yahoo Finance, Stock market today).
- Brent crude (BZ=F) and West Texas Intermediate (CL=F) oil prices surged 8-9% to trade above $109 a barrel, reversing earlier pullbacks, as Trump's remarks suggested continued military operations (Stock market today, Yahoo Finance).
- Tech stocks including Nvidia (NVDA), Alphabet (GOOG, GOOGL), Micron (MU), Tesla (TSLA), and Intel (INTC) all dropped 2-3% in premarket trading (Stock market today).
- Energy stocks like Devon Energy (DVN), Antero Resources Corp. (AR), Occidental Petroleum Corp. (OXY), and Permian Resources (PR) rose 3% before the bell (Stock market today).
- CF Industries Holdings Inc. (CF) stock gained 5% premarket due to persistent supply concerns for agricultural fertilizers from the Persian Gulf (Stock market today).
- Bitcoin, ether, and solana slid further as Trump threatened to hit Iran 'extremely hard' (CoinDesk).
- NYT Business reported markets extended a rally and oil prices dropped after Trump said the Iran war would wind down, directly contradicting the market's reaction and other sources (NYT Business).
- Axis Direct set Nifty’s December bull case target at 29,480, naming 15 stocks to ride Iran war-driven volatility (Economic Times Markets).
Global stock futures, including the Dow, S&P 500, and Nasdaq, tumbled after President Trump's address failed to signal an end to the US-Israeli war in Iran, instead vowing to "hit Iran hard," contradicting some reports of a winding down. This uncertainty sent oil prices surging, with Brent and West Texas Intermediate both jumping 8-9% to over $109 a barrel, while tech stocks like Nvidia and Tesla fell 2-3%.
