Trump's order to attack Iran sends S&P 500 futures lower
10U.S. stock futures fell after President Donald Trump ordered a military strike on Iran. Investors stayed on the sidelines ahead of the 5monthly consumer price index (year over year, 4.2% expected, 37the biggest increase in months).
U.S. stock futures fell 6month 10day. The decline came amid geopolitical tensions after President Donald Trump ordered a military strike against Iran. Immediately after the order was announced, S&P 500 futures, Dow Jones futures, and Nasdaq 100 futures all moved lower in premarket trading.
Investors are waiting for the 5monthly consumer price index release. The market expects the 5monthly CPI to rise 4.2% year over year. This is said to be the largest increase in 37months.
The Federal Reserve is expected to hold its benchmark interest rate at its 6monthly meeting. Expectations about the direction of interest rates are affecting short-term market sentiment. Investors are monitoring the inflation data together with upcoming comments from the Fed.
There were also significant moves among individual stocks. Autozi Internet shares 54% surged. Further announcements may follow regarding the detailed terms of the related filing.
Super Micro Computer shares fell by 8.74%. The company announced a capital increase plan worth 70billion dollars. The announcement of such a large-scale fundraising immediately triggered selling pressure.
Casey’s and Cracker Barrel reported quarterly results that exceeded expectations. News of the two companies’ strong performance was reflected in individual-stock movements. Overall, inflation indicators, geopolitical variables, and disclosures from individual companies simultaneously affected the market.
Sources: Benzinga
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.