"Just Another Dip Investors Will Buy": Futures Drop, Oil Rises On Renewed Iran Tension
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Source: Zero Hedge
Published: 2026-05-04 22:39 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Asia, Europe, Military & Defence, South Korea, Iran, Technology & AI, Energy, China, Financial Markets, Trade & Sanctions, Commodities, US Politics, Business & Economy, War & Conflict, Asia Pacific, Technology
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Snippet:
US futures whipsawed and crude oil spiked higher as tensions flared up again in the Middle East, taking the focus off a run of strong earnings by megacap tech companies. As of 8:00am ET, S&P and Nasdaq 100 futures dropped 0.2% from Friday's record highs, falling as much as 0.5% just minutes earlier after Iran’s Fars agency claimed two missiles hit an American patrol boat, before erasing most of the declines after the US denied a ship was hit.
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