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2026-05-28 20:14:22
[US Stock Futures Fall Across the Board on Thursday Amid US-Iran Conflict and Inflation Pressure] ⑴ US stock futures generally declined on Thursday, with Nasdaq futures leading the decline at 0.5%, while S&P 500 and Dow futures both fell by about 0.2%. On Wednesday, the Dow Jones Industrial Average closed up 0.4% at 50,644 points, and the Nasdaq Composite Index rose slightly by 0.1% to 26,675 points. ⑵ The US launched strikes against Iran, and Iran attacked US military bases in Kuwait. Market concerns about geopolitical risks stemming from Trump's tariff rhetoric, coupled with the ongoing US-Iran conflict, have cast doubt on the prospects for a ceasefire, dashing hopes for reopening the Strait of Hormuz. ⑶ Oil prices surged 3% in response, with WTI breaking through $91 and Brent crude reaching $97. The 10-year US Treasury yield briefly rose above 4.5%. ⑷ Core PCE data will be released on Thursday. This indicator has been climbing steadily since November of last year, reaching 3.2% year-on-year in March and is expected to rise to 3.3% in April. The market has already begun pricing in the possibility of an interest rate hike before the end of the year. (5) The new chairman, Warsh, is reportedly more focused on the “cut-off mean” version of the CPI, and today’s inflation data will significantly influence the direction of interest rate expectations.
