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US STOCKS-Wall Street futures fall as Middle East tensions rise; Boeing drops
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US STOCKS-Wall Street futures fall as Middle East tensions rise; Boeing drops
Jun 12, 2025 4:22 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 0.63%, S&P 500 0.42%, Nasdaq 0.34%

*

Boeing ( BA ) shares fall after Air India plane crash

*

Weekly jobless claims, May PPI report on tap

(Updates with prices)

By Kanchana Chakravarty and Sukriti Gupta

June 12 (Reuters) - U.S. stock index futures dipped on

Thursday as signs of rising tensions in the Middle East weighed

on risk sentiment and investors sought more clarity on

Washington's recent trade deals with China.

Shares of planemaker Boeing ( BA ) lost 7.6% 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.

This came just days ahead of a planned sixth round of

nuclear talks between the two countries. 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 06:48 a.m. ET, Dow E-minis were down 269 points,

or 0.63%, S&P 500 E-minis were down 25.5 points, or

0.42%, and Nasdaq 100 E-minis were down 74 points, or

0.34%.

Tesla shares lost 1.7% and Nvidia ( NVDA ) declined

about 1.1%.

Among other movers, Oracle shares rose 7.7% 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 1.5%, Harmony Gold was up

3.5% and AngloGold Ashanti ( AU ) rose 4.2%.

Shares of Oklo ( OKLO ) fell 5.8% after the nuclear

technology firm backed by Sam Altman launched a $400 million

stock offering.

After a tame inflation report on Wednesday that provided

investors with some reprieve, focus will now be on the May

Producer Price Index data, which is due at 8:30 a.m. ET, along

with initial jobless claims data.

"May could be too soon to see the impact of tariffs, but

softer demand may also be limiting pass through. We pencil in

larger tariff effects starting later in the summer," said

Citigroup strategists in a client note.

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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