U.S. stock futures remain steady as investors face multiple challenges, including Iran's missile and drone strike on Israel and increased market volatility. Last week, the Dow Jones Industrial average experienced its worst week of the year, with the Dow losing 476 points and the S&P 500 posting its worst day since January. Inflation concerns and a weak start to the first-quarter earnings reporting season contributed to the market losses. The attack on Israel from Iranian territory raises concerns of potential retaliation.
U.S. stock futures were little changed Sunday as investors dealt with a multitude of issues, including Iran 's missile and drone strike on Israel and a spike in equity market volatility that sent the Dow Jones Industrial average to its worst week of the year last week.The Dow lost 476 points and the S&P 500 posted its worst day since January on Friday on lingering inflation concerns and a poor start to the first-quarter earnings reporting season . The losses caused the Dow to shed 2.
"This remains a dangerous situation, but risks to oil and markets may be a bit less than feared Friday on the eve of the attack," Krishna Guha, Evercore ISI senior managing director and head of the Global Policy and Central Bank Strategy Team, wrote in a Sunday note.Guha added that the"main question" remaining is how Israel Prime Minister Benjamin Netanyahu will respond to the attack. The Biden administration has made it clear it does not want Israel to retaliate, noted Guha.
U.S. Stock Futures Iran Missile Strike Drone Strike Israel Market Volatility Dow Jones Industrial Average S&P 500 Inflation Concerns Earnings Reporting Season Retaliation
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