US Futures Slip on Trump Tehran Warning
US stock futures edged lower on Tuesday after President Trump called for the full evacuation of Tehran amid ongoing Israeli airstrikes, adding that "Iran should have signed the 'deal' I told them to sign." Meanwhile, Iran reportedly urged several Middle Eastern nations to pressure Trump into pushing Israel toward a ceasefire, offering flexibility on nuclear talks.
In regular trading on Monday, the Dow gained 0.75%, the S&P 500 rose 0.94%, and the Nasdaq Composite jumped 1.52%, as investors appeared to look past the conflict in the Middle East. Seven of the 11 S&P 500 sectors ended in positive territory, led by communication services, technology, and consumer discretionary.
Meanwhile, utilities, health care, and energy stocks lagged.
Traders are also turning their attention to the Fed’s policy decision later this week, with the central bank widely expected to keep rates unchanged.
Retail sales data, due later today, may also offer further clues on the health of the economy.