economy
S&P 500 futures fall after index snaps 9-day win streak amid rising Middle East tensions: Live updates
Rising oil prices and Treasury yields weighed all three major indexes lower on Wednesday.
TL;DR
- S&P 500 futures fell 0.43%, Nasdaq 100 futures dropped 0.57%, and Dow Jones Industrial Average futures were near flat.
- Broadcom shares dropped 13% after missing fiscal second-quarter revenue expectations.
- CrowdStrike stock fell 10% due to lackluster second-quarter revenue guidance.
- Rising U.S.-Iran tensions led to higher oil prices and Treasury yields, negatively affecting stocks.
- The S&P 500 fell 0.74%, the Nasdaq Composite dropped 0.89%, and the Dow Jones Industrial Average declined 1.21%.
- Energy stocks were the top performers, while information technology stocks lagged.
- SpaceX set its IPO price at $135 per share, valuing the company at over $1.75 trillion.
- Asia-Pacific markets opened lower, mirroring Wall Street's losses.