US Stock Futures Fall Amid Trump's Renewed Pressure On Iran, Asia Declines; Weak Start On D-Street?

U.S. stock-index futures fell and crude prices rose after the market’s rally stalled last week as oil prices rose sharply amid the impasse in the war with Iran.


U.S. markets ended sharply lower on Friday. The S&P 500 fell 1.24% to close at 7,408.50, while the Nasdaq Composite declined 1.54% to settle at 26,225.14. The Dow Jones Industrial Average also dropped 537.29 points, or 1.07%, to end at 49,526.17.

Asian markets traded lower today. Japan’s Nikkei slipped 0.2%, although the Topix index managed to edge 0.1% higher. South Korean markets saw sharper losses, with both the Kospi and Kosdaq falling over 2%, while Australia’s S&P/ASX 200 declined 0.76%.


Meanwhile, D-Street is likely to snap its gaining streak as trends in the Gift Nifty index signalled a negative opening today. Gift Nifty was trading near the 23,521 mark, down over 186 points from the previous close of Nifty futures.
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