Wall Street Futures Fall as Iran Escalation Spooks Markets; Chip Stocks Lead Losses
The Globe and Mail—U.S. stock index futures declined in premarket trading as escalating tensions between the United States and Iran rattled investor sentiment, prompting a broad risk-off shift. Technology and semiconductor stocks led the selling, with chip companies particularly exposed to supply chain uncertainty tied to Middle East developments. The futures decline set the stage for a lower Wall Street open, with trading desks monitoring the Iran situation closely. Oil markets moved in the opposite direction, with crude prices rising on supply disruption concerns.