U.S. Stock Futures Fall as U.S.-Iran Tensions Escalate Again, Oil Price Rises

BlockBeats News, June 11th. After the United States launched further "defensive strikes" against Iran, global risk sentiment heightened, with U.S. stock futures weakening in Wednesday's overnight session and oil prices rising simultaneously.

The S&P 500 futures fell 0.4%, Nasdaq 100 futures fell 0.6%, and Dow futures dropped by around 123 points or 0.3%. West Texas Intermediate (WTI) crude oil futures rose by nearly 3%, climbing to around $92 per barrel.

In the U.S. stock market, during the regular trading session on Wednesday, all major indices experienced a broad-based decline, with the Dow plunging 953.33 points (-1.87%), the S&P 500 dropping 1.62%, and the Nasdaq falling 1.98%. The semiconductor sector and tech stocks led the losses.

On the individual stock front, Oracle plummeted over 11% in after-hours trading. Previously, the company announced plans to support AI infrastructure expansion through a new issuance of approximately $20 billion in equity and debt, sparking concerns in the market about funding pressure. This decline dragged down S&P 500 futures and the technology software ETF performance.

Furthermore, market strategists pointed out that some funds are withdrawing from AI-related trades and rotating into sectors such as healthcare, biotech, finance, and energy to hedge against the high volatility in tech stocks. Investors are also closely watching the upcoming U.S. PPI inflation data and initial jobless claims to assess the impact of inflation and employment trends on the Fed's policy path.