US Stock Market Futures Slip Amid Escalating Iran-US Tensions

The US stock market experienced a decline in futures overnight as tensions rose after the US confirmed that Iranian forces had attacked American military targets.

The incident led to an increase in global oil prices, with Brent crude futures expiring in September climbing more than 4% to $87.77 per barrel and WTI crude futures expiring in September trading at $82.59 per barrel.

Markets are now focused on the upcoming earnings announcements from major tech companies, including Amazon, Apple, Meta Platforms, Microsoft, Qualcomm, and SoFi Technologies.