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Futures Slip as Geopolitical Tensions Overshadow Strong Bank Earnings

  US stock futures edged lower as investors balanced upbeat bank earnings against rising geopolitical unease tied to escalating tensions involving Iran. Contracts tied to the Dow, S&P 500, and Nasdaq all traded in the red, signaling a cautious start to the trading day. Major banks delivered solid quarterly results, with strong trading revenue and resilient consumer activity helping lift sentiment in the financial sector. Yet the optimism was tempered by concerns that potential US responses to developments in Iran could inject fresh volatility into global markets. Energy prices climbed as traders braced for possible disruptions. The pullback comes at a moment when investors are already navigating a crowded landscape of economic data, inflation readings, and policy uncertainty. With markets on edge, even strong corporate performance wasn’t enough to counter the broader risk-off mood.
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Stock Market Update: Stocks Find Footing as Powell Chills Rate Cut Hopes



US stocks rose on Friday after a stellar month, as investors awaited Fed Chair Powell’s remarks on monetary policy. The S&P 500, the Dow Jones and the Nasdaq all gained around 0.5% or more.

Powell warned that it would be “premature” to conclude that the Fed was done with rate hikes or to speculate when rate cuts could begin. He said the Fed would be guided by data and not by market expectations. He also said inflation had cooled to its lowest levels since 2021.

Oil prices steadied after falling on Thursday, when OPEC+ agreed to cut output by 1.2 million barrels per day. However, investors remained skeptical about the effectiveness of the deal to balance the oil market and support prices. WTI crude traded around $76 a barrel, while Brent was below $83.


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