Nasdaq slides as Trump strike comments on Iran lift oil prices

U.S. equities and stock-index futures weakened as escalating U.S.-Iran tensions, including Trump saying strikes on Iran would resume and an Axios report of new U.S. strikes, compounded a hotter May inflation reading and raised oil-supply concerns. The Nasdaq fell nearly 1.5%, the Dow dropped 1.2% and the S&P 500 lost 0.94%, while later futures showed Nasdaq-linked futures down 0.81%, S&P 500 futures off 0.47% and Dow futures down 0.40%, with S&P 500 futures hitting their session low after the Axios report. Oil rose about 2%, with WTI at $90.78 a barrel and Brent at $92.77, amid concern over disruption near the Strait of Hormuz, while spot gold was reported down more than $20 intraday, leaving it down 3.54% on the day.