US stock futures drifted lower as Wall Street faced a new wave of uncertainty around President Trump's economic agenda.

Stocks were under pressure around the globe, with U.S. index futures down sharply after Israel launched strikes across Iran that it said were aimed at crippling the country's nuclear program. Oil prices soared,

Futures on Wall Street have tanked following reports of Israel's strikes on Iranian locations, also leading to a surge in crude oil prices. The Dow futures are down 600 points, while the S&P 500 and Nasdaq futures are down 100 and 400 points respectively.

US stock market opened volatile on June 12, 2025, as President Donald Trump announced a “done” trade deal with China, yet market reactions stayed cautious. Despite Trump’s claim of a 55% China tariff,

Stock futures fell sharply early Thursday, pointing to a rocky open as Wall Street grapples with a tragic plane crash involving Dow component Boeing (BA) and digests a blockbuster earnings report from software giant Oracle (ORCL).

A downside surprise in U.S. CPI data gave only a small boost to Treasurys, probably because tariff-driven price hikes still look imminent, said Capital Economics' James Reilly in a note. That said, these price hikes look discounted in markets, shielding Treasury yields from rising pressure, the senior markets economist added.

Live Updates Live Coverage Updates appear automatically as they are published. 'Buy the Dip' 9:50 am by HSBC strategist Max Kettner is advising investors to “buy the dip” in the stock market ahead of Q2 earnings season.

Stocks haven’t been this expensive relative to bonds in almost 25 years. Is a market downturn next?