US Futures Hold Pullback
2026-05-28 12:50
By
Andre Joaquim
1 min. read
US equity futures were lower on Thursday as an increasingly strained truce between Iran and the US lifted energy prices.
Contracts attached to the S&P 500 and the Dow inched below the flatline from their records, and the Nasdaq 100 dropped 0.4%.
The US struck Iranian targets near the Persian Gulf overnight, adding to skepticism over an incoming deal after the White House rejected Tehran's claim that it had a peace agreement that would restart trade through the Strait of Hormuz.
The tech sector led the losses for a second session as markets assessed the sustainability of strong guidance for the AI sector, with Nvidia and Tesla down more than 1% premarket.
More traditional sectors of the economy were also under pressure as hawkish comments from FOMC members lifted long-term yields, magnified by PCE price inflation rising to a three-year high, while initial claims remained robust.
Snowflake surged 40% premarket on a strong outlook, although Salesforce fell 2% after its earnings report.