Iran Uncertainty Weighs on US Markets as Stocks See Mixed Performance
US stock futures were mixed on Thursday as uncertainty over Iran's potential oil exports continued to weigh on markets. The S&P 500 hovered near its record high set earlier in the week, while the Dow Jones Industrial Average fell 0.3%.
The Nasdaq composite rose 0.4%, driven by a strong performance from tech stocks. Companies from various sectors reported their latest financial results, with some exceeding expectations and others falling short.
Warner Bros. Discovery rose 1.3% after reporting earnings that beat analyst forecasts. Molson Coors also saw gains of 1.8% following its quarterly update.
Honeywell Aerospace took a hit, plummeting 21.3%, while AppLovin slumped 19.3% as the digital ad company reported mixed results for its most recent quarter.