While tensions in the Middle East continue, stock futures fell slightly on Thursday as investors anticipated the release of September’s payrolls report, which is scheduled for later this week.
Futures linked to the Dow Jones Industrial Average saw a 0.2% decrease, or 61 points. Futures on the S&P 500 dropped by 0.1%, while those on the Nasdaq 100 dropped by 0.2%.
As investor enthusiasm wanes due to mounting tensions in the Middle East, October trade is off to a poor start. Tuesday saw a sharp decline in stocks following Iran’s missile attack on Israel.
As Israel begins a ground invasion into Lebanon, investors are bracing themselves for more uncertainty. Rising anxiety has also resulted in rising oil costs. US oil futures increased by more than 1.5%, extending their weekly gain to 4.6%.
Source (CNBC)
