Stock Futures Dip Amid Global Tensions and Trade Talks
U.S. stock futures fell due to Middle East tensions and uncertainty over US-China trade deals. Boeing shares slumped after a crash in India. President Trump commented on regional instability. Oracle gained on strong AI-driven forecast, while gold miners saw gains as well. Investors await U.S. economic data.
On Thursday, U.S. stock index futures experienced a decline as escalating tensions in the Middle East affected risk appetite, coupled with investors seeking clarity on recent trade agreements between Washington and Beijing.
Boeing's premarket shares fell by 7.6% following the crash of an Air India aircraft, a Boeing 787-8 Dreamliner, in Ahmedabad, India. Meanwhile, President Donald Trump announced the repositioning of U.S. personnel in the Middle East as it could potentially become a 'dangerous place' amid nuclear negotiations with Iran.
Elsewhere, a Chinese representative emphasized commitment to a trade deal with the U.S., aiming to stabilize the global market. In the stock market, Oracle's shares rose 7.7% after increasing its revenue forecast due to AI demand. Also, gold miner stocks climbed along with bullion prices.
(With inputs from agencies.)
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