Market today Dow futures rose slightly as US strikes on Iran continue and Trump ends the ceasefire, while oil prices spike on Strait of Hormuz fears.
US stock futures ticked higher Thursday as the market today, Dow futures included, weighed a second straight day of American strikes on Iran, hours after President Trump declared the recent ceasefire between the two countries "over."
Futures Point to Modest Gains
Contracts tied to the Dow Jones Industrial Average and the S&P 500 both added about 0.1%, while Nasdaq 100 futures climbed 0.3%. The moves came even as tensions in the Middle East escalated further, a sign that traders have grown somewhat accustomed to the back and forth between Washington and Tehran over the past several days.
New Strikes Target Iran's Reach in the Strait of Hormuz
The US military said in a social media post Wednesday evening that it had begun conducting additional strikes against Iran aimed at further degrading Tehran's ability to threaten freedom of navigation through the Strait of Hormuz. That followed an earlier round of US strikes carried out Tuesday, which officials said were a direct response to Iranian actions against ships passing through the strait.
Trump Declares Ceasefire Dead, Floats Blockade
Trump had already rattled markets earlier Wednesday by declaring the ceasefire between Iran and its adversaries finished. He also raised the possibility of further American military action, including reviving a US blockade of the Strait of Hormuz, a key artery for global oil shipments. Stocks closed mixed that session after paring back gains following an abrupt sell off triggered by his remarks. Oil prices, meanwhile, spiked on the renewed threat to supply routes.
Chip Sector Still Shaking Off June's Sell Off
Beyond the geopolitical drama, investors are still trying to gauge how deep the damage runs from the chip sell off that rattled the AI trade in June. That assessment will get a fresh data point Friday when chipmaker SK Hynix goes public, offering a real time read on appetite for semiconductor exposure after weeks of turbulence.
Frequently Asked Questions
Is market down today?
No. Stock futures for the Dow, S&P 500 and Nasdaq 100 all edged higher Thursday morning, even as the situation in the Middle East remained tense.
How market down today?
Futures were not down; they rose modestly, with the Dow and S&P 500 futures up about 0.1% and Nasdaq 100 futures up 0.3%.
Why market today down?
The market was not down overall, but earlier in the week stocks closed mixed after Trump's comments about the ceasefire being over triggered a brief sell off before markets partially recovered.
What market down today?
No major US index was down at the open Thursday. Oil prices, by contrast, had spiked amid fears over the Strait of Hormuz.
Will market down today?
Futures pointed to a higher open, but with US strikes on Iran continuing and Trump discussing further military options, volatility could return quickly depending on how events unfold.
