Traders work on the floor of the New York Stock Exchange during morning trading on July 08, 2026 in New York City.
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U.S. equity futures fell slightly Wednesday evening after the market sold off on renewed U.S.-Iran tensions and a jump in oil prices.
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US stock markets fell on Wednesday as the US continued strikes on Iran and the Federal Reserve flagged concerns that would warrant higher interest rates.
Donald Trump’s declaration at the Nato summit in Ankara that the Iran-US ceasefire is over sent oil prices sharply higher Wednesday.
» Read more about: US stock markets fall amid Iran strikes and potential higher interest rates »
Dow closed above 53,000 for the first time as chipmakers and AI stocks powered Monday’s rally, with AMD, Broadcom and Qualcomm leading gains.
Futures traded mixed overnight, while retail sentiment for SPY, QQQ, and DIA remained ‘extremely bullish’ despite a pullback in Nasdaq-100 futures.
The ceasefire between the U.S. and Iran ruptured this week after the U.S. launched more than 80 strikes on Iran midweek in response to Iranian attacks on ships moving through the Strait of Hormuz. At a NATO summit in Turkey, President Donald Trump declared the ceasefire to be “over” and promised additional strikes on Iran.
US stocks ended the session mixed on Wednesday, while oil continued to surge after President Trump declared that the memorandum of understanding between the US and Iran was “over.”
The Dow Jones Industrial Average (^DJI) fell roughly 1%, or more than 500 points,
This article was originally published on ETFTrends.com.
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A few Federal Reserve officials thought there was a case to raise interest rates at the June policy meeting. But most saw two paths this year — holding or hiking — according to meeting minutes released Wednesday.
If inflation dissipates, most officials favor holding rates steady or eventually lowering them.