Stock futures are little changed on Monday morning after the U.S. bombed three nuclear sites in Iran over the weekend.
Futures tied to the Dow Jones Industrial Average were down 0.1% recently, while those linked to the S&P 500 and the tech-heavy Nasdaq were flat. Each of the major indexes were near unchanged last week as investors kept close tabs on fighting between Israel and Iran that escalated over the course of the week, while awaiting a decision from President Donald Trump on whether to enter the conflict.
Late Saturday, Trump announced that the U.S. had “obliterated” Iran’s nuclear enrichment facilities. It’s unclear how Iran might respond, which could lead investors to steer clear of risky assets such as stocks and cryptocurrencies. The oil market is particularly sensitive amid concerns that supplies could be disrupted if critical infrastructure is destroyed or shipping lanes are blocked.
West Texas Intermediate futures, the U.S. crude oil benchmark, were at $73.85 per barrel in recent trading, about where they closed on Friday, after surging to around $78 earlier today, the highest level since January.
Bitcoin was trading at $101,200, down from around $104,000 on Friday afternoon but up from a low of below $99,000 on Sunday. Shares of major bitcoin buyer Strategy (MSTR) and crypto exchange Coinbase Global (COIN), were each down about 2% in premarket trading.
Shares of the world’s largest technology companies were mixed this morning. Chipmakers Nvidia (NVDA) and Broadcom (AVGO) were each down about 1%, while Microsoft (MSFT), Amazon (AMZN) and Alphabet (GOOG) fell slightly. Tesla (TSLA) shares rose about 1% after the electric vehicle maker on Sunday launched its driverless robotaxi service in Austin, Texas, while Apple (AAPL) and Meta Platforms (META) inched higher.
Gold futures were down 0.2% recently at $3,380 an ounce, after moving as high as $3,415 earlier as some investors turned to the traditional safe haven amid the geopolitical uncertainty.
The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of loans, notably mortgages, was at 4.35%, down from 4.38% at Friday’s close. The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, was up 0.6% at 99.33, trading at its highest level of the month.