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US Stock Futures Resilient Despite Weekend Iran-Israel Escalation — Asia Slips, Gold, Oil Holds Steady, Bitcoin Rebounds Above $65K
Much against fears that the weakness seen in recent sessions will intensify, early indications suggest that the U.S. market may stay resilient despite the tensions brewing in the Middle East following Iran’s unprecedented attack on Israel.
What Futures Trading Tell: The major U.S. index futures traded slightly higher late Sunday, signaling that the market could weather storm kicked up by Middle East tensions.
As of 10 a.m. EDT, the Nasdaq Composite, S&P 500 and Dow futures were up 0.25%, 0.22% and 0.19%, respectively.
The U.S. stocks came under pressure in the week ended April 12 after the consumer price inflation report came in hotter-than-expected and the big bank earnings started on a sour note.
Sentiment on Monday could largely hinge on any the developments in the Middle East.
While Iran said the attack was in response to Israel's strike on its consulate in Syria ...