US Futures Edge Lower on Hormuz Clashes

2026-05-08 00:07 By Jam Kaimo Samonte 1 min. read

US stock futures edged lower on Friday after the major averages declined in the previous session, as renewed exchanges between the US and Iran in the Strait of Hormuz kept geopolitical tensions elevated.

Three US Navy destroyers passing through the strategic waterway reportedly intercepted Iranian attacks and carried out retaliatory strikes, though President Trump stated that the ceasefire remains in place.

Investors are also turning their attention to the April jobs report, which is expected to show the US economy added 62K jobs last month, sharply below the 178K increase recorded in March.

On the corporate side, earnings results are due from companies including Ubiquiti Networks, Wendy’s, and Brookfield Asset Management.

In regular trading on Thursday, the Dow fell 0.63%, while the S&P 500 and Nasdaq Composite declined 0.38% and 0.13%, respectively.

Nine of the 11 S&P sectors closed in negative territory, with materials, energy, and industrials posting the steepest losses.



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