President Donald Trump declared the US-Iran ceasefire over on Wednesday, reviving fears of a markets crash in July. Stock futures fell more than 1% while oil surged and gold climbed.
Wall Street's early reaction suggests caution rather than panic. The bigger question is whether renewed war risk triggers a deep July sell-off, or whether investors have already built the danger into prices.
The US struck more than 80 Iranian targets overnight after Tehran attacked three commercial vessels in the Strait of Hormuz, CENTCOM confirmed.
Iran's Revolutionary Guard answered with claimed strikes on 85 US military facilities, activating air defenses in Bahrain and Kuwait.
The June truce died less than halfway through the 60-day window negotiators had set. Yet markets responded in orderly fashion. Dow futures fell 1.10%, S&P 500 futures lost 0.87%, and Nasdaq futures dropped 1.33% in early pre-market trading.
Wall Street's early reaction suggests caution rather than panic. The bigger question is whether renewed war risk triggers a deep July sell-off, or whether investors have already built the danger into prices.
The US struck more than 80 Iranian targets overnight after Tehran attacked three commercial vessels in the Strait of Hormuz, CENTCOM confirmed.
Iran's Revolutionary Guard answered with claimed strikes on 85 US military facilities, activating air defenses in Bahrain and Kuwait.
The June truce died less than halfway through the 60-day window negotiators had set. Yet markets responded in orderly fashion. Dow futures fell 1.10%, S&P 500 futures lost 0.87%, and Nasdaq futures dropped 1.33% in early pre-market trading.
22 days ago
