Nasdaq Futures Slip 1.2% as U.S.-Iran Tensions Drive Oil Prices Near $80

SPX5000.03%
On Monday morning, escalating U.S.-Iran military tensions over the weekend pushed stock futures lower, with Nasdaq futures falling 1.2%, S&P 500 futures declining 0.4%, and Dow futures down 0.1% as of 4:00 a.m. ET. Fresh U.S. airstrikes and a contested closure of the Strait of Hormuz sent oil prices climbing near $80 per barrel, weighing on sentiment across equity markets as corporate earnings season and key economic data releases begin this week.
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