Dow futures drop 100 points as Trump weighs attack on Iran: Live updates

Stock futures were little up of Friday's session, with investors monitoring struggle successful the Middle East betwixt Iran and Israel, and imaginable nonstop U.S. involvement.

Futures tied to the Dow Jones Industrial Average slipped 104 points, oregon 0.24%. Nasdaq 100 futures ticked down 0.17%, portion S&P 500 futures fell 0.18%. Regular trading was closed successful the U.S. connected Thursday for the Juneteenth holiday.

Investors stay jittery arsenic the struggle betwixt Israel and Iran has yet to cool. President Donald Trump is weighing nonstop U.S. engagement with a onslaught connected Tehran, with the White House connected Thursday saying that helium volition marque a final determination wrong the adjacent 2 weeks. Trump antecedently called for Tehran's implicit surrender, to which Iran's ultimate leader, Ayatollah Ali Khamenei, labeled the conception "threatening and ridiculous."

International benchmark Brent arsenic good U.S. crude oil, which initially spiked pursuing the onset of Israel's rocket onslaught connected Iran, climbed astir 3% connected Thursday, connected the anticipation of U.S. jumping into the conflict. Israeli Prime Minister Benjamin Netanyahu is reportedly ordering Jerusalem's subject to onslaught "strategic targets" successful Iran, arsenic good arsenic "government targets."

"There are respective cardinal questions to reply earlier we cognize however stocks volition grip this geopolitical shock, including however overmuch of Iran's vigor infrastructure volition beryllium impaired and for however long, whether Iran's atomic capabilities volition beryllium wholly wiped out, and whether the existent authorities volition stay successful power," said Jeff Buchbinder, main equity strategist for LPL Financial.

The still-simmering hostility successful the Middle East comes arsenic investors besides weighed comments from Federal Reserve Chair Jerome Powell connected Wednesday, pursuing the cardinal banks determination to clasp involvement rates steady. Stocks closed lower pursuing Powell's comments, which fundamentally said that the Fed is successful nary hurry to chopped benchmark rates and volition stay information dependent, particularly arsenic it remains unclear however Trump's tariffs volition interaction the economy.

Trump ripped into Powell again Thursday, saying the Fed Chair is costing the U.S. "hundreds of billions of dollars" by delaying complaint cuts.

For the week, the S&P 500 is up marginally with a summation of 0.07%. The 30-stock Dow has mislaid 0.06%, portion the Nasdaq has precocious astir 1%.

On the economical front, investors volition show the Philadelphia Fed's manufacturing survey connected Friday morning, followed by the Conference Board's starring economical indicators speechmaking for May.