
US futures slip as Israel-Iran conflict drags on

United States stock futures traded lower on Monday evening (Tuesday AEST) as investors remained focused on the ongoing conflict between Israel and Iran ahead of key economic data and central bank policy signals. At 8:55 am AEST (10:55 pm GMT) Dow Jones Industrial Average futures and S&P 500 futures fell 0.2%, while Nasdaq 100 futures slipped 0.3%. The modest moves followed a rebound in regular trading hours. The Dow gained 0.8%, while the S&P 500 advanced 0.9%. The tech-heavy Nasdaq Composite jumped 1.5%, leading the day’s gains. Investor sentiment was supported by a decline in oil prices, reversing part of last week’s sharp rally. Brent crude and West Texas Intermediate futures each fell more than 1% on Monday after soaring on Friday following Israeli airstrikes on Iran’s nuclear and energy facilities. Despite continued military action for a fourth consecutive day, markets found comfort in diplomatic overtures. According to NBC News, Iran has asked several countries — including Saudi Arabia and Qatar — to press U.S. President Donald Trump to influence Israel towards a ceasefire. However, Israeli Prime Minister Benjamin Netanyahu reaffirmed that the country’s objective in launching Friday’s offensive is to disman