financetom
Market
financetom
/
Market
/
US STOCKS-Wall Street futures slip as Middle East tensions rise; Boeing falls
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US STOCKS-Wall Street futures slip as Middle East tensions rise; Boeing falls
Jun 12, 2025 3:32 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 0.53%, S&P 500 0.34%, Nasdaq 0.26%

June 12 (Reuters) - U.S. stock index futures slipped 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% 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.

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

being moved out of the Middle East as it could be a "dangerous

place", adding that the United States would not allow Iran to

have a nuclear weapon.

This comes at a volatile time for the region and just days

ahead of a planned sixth round of nuclear talks between Iran and

the United States. A senior Iranian official said earlier 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 the U.S. and China at a

two-day talk in London earlier this week.

At 05:37 a.m. ET, Dow E-minis were down 228 points,

or 0.53%, S&P 500 E-minis were down 19.75 points, or

0.34%, and Nasdaq 100 E-minis were down 56.25 points, or

0.26%

Tesla shares lost 1.1% and Nvidia ( NVDA ) lost

about 0.7%.

Among other movers, Oracle shares rose 7.6% after

the cloud service provider raised its annual revenue growth

forecast citing increased demand from companies deploying

artificial intelligence.

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 in Bengaluru; Editing by

Devika Syamnath)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Futures tick up after Wall Street hits record highs
Futures tick up after Wall Street hits record highs
Mar 22, 2024
(Reuters) - U.S. stock index futures inched higher on Friday, setting Wall Street on course for strong weekly gains as investors cheered the Federal Reserve sticking to its rate-easing stance and awaited commentary from Chair Powell later in the day. All three main U.S. indexes hit fresh record closing highs in the previous session as chip stocks rallied after Micron...
US STOCKS-Futures tick up after Wall Street hits record highs
US STOCKS-Futures tick up after Wall Street hits record highs
Mar 22, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures up: Dow 0.04%, S&P 0.11%, Nasdaq 0.18% March 22 (Reuters) - U.S. stock index futures inched higher on Friday, setting Wall Street on course for strong weekly gains as investors cheered the Federal Reserve sticking to its rate-easing...
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
Mar 22, 2024
MUMBAI, March 22 (Reuters) - STOCKS: The benchmark BSE Sensex rose 190.75 points, or 0.26%, to 72,831.94, while the broader NSE index gained 66.1 points, or 0.30%, to 22,078.05, as IT sector bellwether Accenture's revenue warning offset optimism around U.S. Federal Reserve rate cuts. RUPEE: The Indian rupee weakened 0.33% versus the U.S. dollar, and quoted at 83.43 per dollar,...
US STOCKS-Futures edge higher after Wall Street scales record peak
US STOCKS-Futures edge higher after Wall Street scales record peak
Mar 22, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Tesla slips on report co trims car production in China * FedEx ( FDX ) jumps on Q3 profit beat * Nike ( NKE ) falls after revenue forecast disappoints * Futures up: Dow 0.10%, S&P 0.11%, Nasdaq 0.07%...
Copyright 2023-2025 - www.financetom.com All Rights Reserved