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US STOCKS-Wall St set for lower open as Middle East tensions rise; Boeing drops
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US STOCKS-Wall St set for lower open as Middle East tensions rise; Boeing drops
Jun 12, 2025 6:54 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

*

Futures down: Dow 0.42%, S&P 500 0.29%, Nasdaq 0.25%

*

Boeing ( BA ) shares fall after Air India plane crash

*

Oracle up after raising its annual revenue forecast

(Updates before markets open)

By Kanchana Chakravarty and Sukriti Gupta

June 12 (Reuters) - Wall Street's main indexes were

poised for a lower open on Thursday as signs of rising tensions

in the Middle East hurt risk sentiment and investors sought more

clarity on Washington's recent trade deals with China.

Shares of planemaker Boeing ( BA ) lost 6.3% premarket after

an Air India aircraft with more than 200 people crashed in

India's western city of Ahmedabad, and aviation tracking site

Flightradar24 said the plane was a Boeing 787-8 Dreamliner.

Underscoring increased volatility in the Middle East,

President Donald Trump said on Wednesday U.S. personnel were

being moved out of the region as it could be a "dangerous place"

and the United States would not allow Iran to have a nuclear

weapon.

"The clearing out of our embassies in the Middle East of

non-essential employees sends a signal that we're anticipating

some turbulent times," said Kim Forrest, chief investment

officer at Bokeh Capital Partners.

With a few days left till a planned sixth round of nuclear

talks between the United States and Iran, a senior Iranian

official said on Wednesday Tehran will strike U.S. bases in the

region if nuclear negotiations fail and conflict arises.

China on Thursday affirmed a trade deal with the U.S.,

strengthening a delicate truce in the trade war that has roiled

global markets for much of the year.

"Now that a consensus has been reached, both sides should

abide by it," Lin Jian, a foreign ministry spokesperson for

China, said at a regular news conference.

Traders also looked to gain more details on the trade

framework discussed by officials from both sides at a two-day

talk in London earlier this week.

At 08:49 a.m. ET, Dow E-minis were down 180 points,

or 0.42%, S&P 500 E-minis were down 17.5 points, or

0.29%, and Nasdaq 100 E-minis were down 53.75 points, or

0.25%.

Tesla shares lost 1.1% and Nvidia ( NVDA ) declined

about 1%.

Among other movers, Oracle shares rose 8.7% after

the cloud service provider raised its annual revenue growth

forecast citing increased demand from companies deploying

artificial intelligence.

U.S.-listed shares of gold miners also advanced, as bullion

prices hit a one-week high.

Newmont ( NEM ) gained 1.8%, Harmony Gold was up

2.9% and AngloGold Ashanti ( AU ) rose 5.5%.

Shares of Oklo ( OKLO ) fell 5.9% after the nuclear

technology firm backed by Sam Altman launched a $400 million

stock offering.

After a tame consumer price report on Wednesday,

softer-than-expected producer price data and largely unchanged

initial jobless claims helped reduce investor jitters around

tariff-driven price pressures.

Traders are pricing in 56 basis points of rate cuts by

year-end, per data compiled by LSEG. They are penciling in a 61%

chance of a 25 bps cut in September, according to the CME

Group's FedWatch tool. Policymakers are widely expected to keep

rates unchanged next week.

With investor bets increasing on Trump reaching favorable

trade agreements with several trading partners in the coming

weeks, the benchmark S&P 500 index is trading 2% below

its record high touched in February.

The tech-heavy Nasdaq is about 2.7% from record

levels hit in December.

(Reporting by Kanchana Chakravarty and Sukriti Gupta in

Bengaluru; Editing by Devika Syamnath)

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