US Futures Swing Lower
2026-05-04 11:11
By
Andre Joaquim
1 min. read
US equity futures retreated from their records on Monday as fresh escalation in the Middle East conflict prolonged concerns of elevated energy prices.
Contracts for the S&P 500, Dow, and Nasdaq 100 dropped up to 0.4%.
Official Iranian media reported that two US warships were hit after President Trump had announced the US would escort commercial vessels through the Strait of Hormuz, although the attack reports were denied by US officials.
The outlook of upside inflation risks deepened as prices for main energy commodities rose further, adding to the likelihood of a restrictive Federal Reserve following the multiple hawkish dissents last week.
Tech giants, which are more sensitive to swings in risk sentiment due to the speculative bets on AI, were firmly lower with Nvidia, Microsoft, and Tesla trading down pre-market.
Also, Visa, JPMorgan, and Goldman Sachs eased on higher long-term rates.
In turn, Palantir was up 3% ahead of its earnings after the bell.