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Futures down: Dow 0.2%, S&P 500 0.17%, Nasdaq 0.17%

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Accenture ( ACN ) beats third-quarter revenue estimates

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Crypto stocks rise as bitcoin prices soar

(Updates with prices)

By Kanchana Chakravarty and Sukriti Gupta

June 20 (Reuters) -

Wall Street stock index futures edged lower on Friday,

pressured by uncertainty around U.S. involvement in the

Iran-Israel war and concerns of rising inflation ahead.

As the fatal aerial war between Israel and Iran approached

its second week, the White House said on Thursday President

Donald Trump will decide in the next two weeks whether the U.S.

will get involved on Israel's side.

Trump has kept the world guessing on his plans - veering

from proposing a swift diplomatic solution to suggesting the

U.S. might join the fighting on Israel's side.

"While the immediate prospect of a U.S. intervention in Iran

may have diminished, the fact this is reportedly a two-week

hiatus means it will remain a live issue for the markets going

into next week," Dan Coatsworth, investment analyst at AJ Bell,

said in an email.

The oil price volatility triggered by the Middle East

conflict has become a fresh concern as the U.S. grapples with

tariff-based price pressures.

The Fed, expected to balance the risk of slowing growth and

higher inflation, kept interest rates unchanged on Wednesday, in

line with market expectations. Policymakers, however, cautioned

about inflation picking up pace over the summer as the economic

effects of Trump's steep import tariffs kick in.

Money market moves show traders are pricing in about 47

basis points of rate cuts by the end of 2025, with a 57% chance

of a 25-bps rate cut in September, according to CME Group's

FedWatch tool.

At 07:14 a.m. ET, Dow E-minis were down 84 points,

or 0.2%, S&P 500 E-minis were down 10 points, or 0.17%,

and Nasdaq 100 E-minis were down 37 points, or 0.17%.

The S&P 500 and the Nasdaq are set for weekly

gains, while the blue-chip Dow is on track for mild

weekly declines.

Crypto stocks rose in premarket trade as bitcoin prices

soared 1.7%. Coinbase Global ( COIN ) was up 1.8%, and Strategy

gained 1%.

Shares of Tesla gained 1.4% among megacap stocks.

Stablecoin issuer Circle extended gains from its

previous session, with shares last up 11.7%.

Accenture ( ACN ) fell 3.9% after the IT services provider

said new bookings decreased in the third quarter.

CarMax ( KMX ) gained 8.8% after the used-car retailer

posted stronger-than-expected revenue and profit for the first

quarter.

GMS shares rose 28.3% after QXO made an

offer on Wednesday to acquire the company for about $5 billion

in cash. Shares of QXO were up 3.1%.

Wall Street's strong gains last month, primarily driven by

a softening in Trump's trade stance and strength in corporate

earnings, had pushed the benchmark S&P 500 index close to its

record peaks before the ongoing conflict in the Middle East made

investors risk-averse.

The S&P 500 index stood nearly 3% below its record level,

and the tech-heavy Nasdaq remained 3.3% lower.

Philadelphia Fed business outlook data for June is scheduled

at 08:30 a.m. ET.

(Reporting by Kanchana Chakravarty and Sukriti Gupta in

Bengaluru; Editing by Devika Syamnath)