US Stock Futures Mixed Amid Middle East Conflict
The S&P 500 and Dow futures fell on Wednesday as rising oil prices and geopolitical instability in the Middle East weighed on investor sentiment. Despite the broader market dip, tech shares remained resilient with Marvell Technology rising 12% following positive commentary on AI growth.
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The S&P 500 and Dow Jones Industrial Average futures fell in the morning on June 3 as Middle East conflict drove energy prices higher. The retreat follows a record-breaking session where the S&P 500 closed above 7,600 for the first time. Investors are weighing whether rising oil costs will reignite inflation and disrupt the momentum of the current artificial intelligence rally.
