US Futures Move Lower
2026-03-05 13:57
By
Andre Joaquim
1 min. read
US equity futures swung lower on Thursday, trimming yesterday's rebound on concerns that an extended conflict in Iran may negatively impact the global economy.
Contracts for the S&P 500 and the Nasdaq 100 fell 0.3%, while those for the Dow dropped 0.6%.
Refined fuel prices and long-term Treasury yields resumed their upswings to reflect pro-inflationary risks, driving rate traders to position for a single rate cut this year, instead of multiple rate cuts last week.
Technology companies were mostly lower premarket despite strong earnings in the sector and the aggressive rebound for Korean counterparts.
Broadcom gained 6% after delivering an ambitious guidance for next year, and Veeva surged to reflect some fresh confidence in the software sector, which has recently been pressured by concerns of AI disruption.
In the meantime, asset managers were under fresh pressure after BlackRock slashed the value of a private loan to zero, adding to recent pessimism on private credit.