Wall Street Futures Drop Amid Rising US-Iran Tensions
U.S. stock futures fell Monday as rising tensions with Iran drove oil prices higher. Investors are now awaiting corporate earnings and new federal research funding.
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Major stock indexes in the United States were poised for a lower opening on Monday as renewed geopolitical friction with Iran dented investor sentiment following a record-breaking week. The shift in market mood comes after Tehran reportedly closed the Strait of Hormuz again, following an announcement from American officials regarding the seizure of an Iranian cargo ship. This development has introduced fresh uncertainty into the diplomatic landscape, reversing the optimism that had fueled record highs for the S&P 500 and the Nasdaq just days prior.
