US Futures Pull Back Sharply

2026-03-02 12:18 By Andre Joaquim 1 min. read

US equity futures fell sharply on Monday, close to their lowest level this year as war in the Middle East drove global markets to pivot away from riskier assets.

The three main indices were over 1% lower.

The US struck Iran over the weekend, killing its Supreme leader and prompting Iran to strike various targets across the Middle East.

Equities across the globe fell as risks of prolonged warfare dented risk appetite, while the resulting surge in energy prices risked a fresh surge in inflation expectations that could result in more restrictive monetary policy by the Federal Reserve and other major central banks.

Losses for stocks were distributed among most major sectors of exchanges, with heavyweight technology giants Nvidia, Microsoft, Alphabet, and Meta lower premarket.

Banks were also lower, with JPMorgan and Bank of America down 2% each following recent risks from private credit and defaults from major clients.

In turn, North American energy producers were sharply higher.



News Stream
US Futures Pull Back Sharply
US equity futures fell sharply on Monday, close to their lowest level this year as war in the Middle East drove global markets to pivot away from riskier assets. The three main indices were over 1% lower. The US struck Iran over the weekend, killing its Supreme leader and prompting Iran to strike various targets across the Middle East. Equities across the globe fell as risks of prolonged warfare dented risk appetite, while the resulting surge in energy prices risked a fresh surge in inflation expectations that could result in more restrictive monetary policy by the Federal Reserve and other major central banks. Losses for stocks were distributed among most major sectors of exchanges, with heavyweight technology giants Nvidia, Microsoft, Alphabet, and Meta lower premarket. Banks were also lower, with JPMorgan and Bank of America down 2% each following recent risks from private credit and defaults from major clients. In turn, North American energy producers were sharply higher.
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