U.S. stock futures hold steady as Iran tensions and jobs report loom

  • U.S. stock futures remained broadly flat amid Iran tensions, rate concerns and corporate news.
  • S&P 500 Futures stood at 7,671.1 points at 03:50 ET Wednesday.
  • Oil prices eased after three gains as investors monitored the Strait of Hormuz.

U.S. stock futures were broadly flat on Wednesday evening as investors assessed renewed tensions between the U.S. and Iran, higher interest-rate concerns and corporate results ahead of Friday’s labor market report. At 03:50 ET, S&P 500 Futures stood at 7,671.1 points, while Nasdaq 100 Futures and Dow Jones Futures were little changed at 29,211.25 and 53,195, respectively. A stronger jobs report could reinforce expectations for higher interest rates and weigh on growth stocks, while weaker data could support expectations for easier monetary policy. Brent crude fell 0.4% to $95.25 a barrel and WTI declined 0.2% to $90.80 in Asian trading after both contracts gained nearly 1% on Wednesday and reached five-week highs. The market remains focused on the Strait of Hormuz (critical route for global energy shipments), where any sustained disruption could lift oil prices, inflation and borrowing costs. Press TV reported that Iran launched missile and drone strikes at U.S. bases in Kuwait, while the Kuwaiti Armed Forces said its air defenses were intercepting hostile targets. New York Fed President John Williams attributed higher long-term bond yields to a strong U.S. economic outlook, including investment in artificial intelligence, data centers and technology. Fed Governor Christopher Waller was due to speak Thursday. Broadcom forecast fiscal fourth-quarter revenue of about $34.8 billion, below the roughly $35.05 billion analyst estimate, despite projecting AI chip sales of $21.7 billion against expectations of $21.33 billion.

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U.S. stock futures hold steady as Iran tensions and jobs report loom - CoinPost Terminal