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U.S. stock futures were lower Thursday, as investors face more pressure from rising Treasury yields and elevated oil prices.
Futures for the Dow Jones Industrials stumbled 457 points, or 0.9%, Thursday to 50,992.
Futures for the S&P 500 slipped 37.75 points, or 0.5%, to 7,815.
Futures for the NASDAQ Composite slumped 223.5 points, or 0.7%. to 31,178.75.
Oil prices spiked also after President Donald Trump said he doesn’t want to make a deal with Iran to end the war, while the U.S. is reportedly preparing for “massive bombing” in the Middle East. Brent crude jumped 5.1% to $105.33 per barrel. WTI futures, meanwhile, advanced 5% to $92.71.
In the third quarter, the S&P 500 is expected post a blended earnings growth rate of roughly 30%, which would be a third straight quarter of above-25% earnings growth
In Japan, the Nikkei 225 faded 1.4%, while in Hong Kong, the Hang Seng dropped 1.4%.
Oil prices regained $4.34 to $92.62 U.S. a barrel.
Gold prices brightened $6.30 to $4,417 U.S an ounce.
