U.S. equity index futures displayed mixed performance early Thursday as investor sentiment weakened following renewed uncertainty over President Trump’s capacity to quickly resolve hostilities with Iran. Market participants weighed recent political developments and continued volatility after the House of Representatives moved to end U.S. involvement in the conflict.
At 4:30 (Bangkok Time), S&P 500 futures declined by 0.45%, and Nasdaq 100 futures lost 1.15%, reflecting caution in the market. However, Dow Jones Industrial Average futures gained 0.26%.
The volatility came after the House successfully voted late Wednesday to cut short the U.S. role in the Iran conflict, challenging the president in the aftermath of the heaviest flare-up between U.S. and Iranian forces since the April ceasefire.
On Wednesday, major equity benchmarks pulled back from recent record levels, with the S&P 500 slipping 0.74% and the Nasdaq Composite dropping 0.89%. The Dow Jones Industrial Average registered a significant drop of 620.72 points, or 1.21%.
Corporate news further shaped trading, with SpaceX confirming plans in a regulatory filing for a potential $75 billion initial public offering, targeting what would be a record-setting valuation if completed. Separately, Broadcom shares came under pressure after the company’s projections for artificial intelligence chip sales fell below investor expectations.
Looking ahead, traders are anticipating critical data on the U.S. labor market prior to Friday’s release of the May employment report. Thursday’s calendar features weekly jobless claims data from the Bureau of Labor Statistics, as well as layoff figures from Challenger, Gray & Christmas.
Additionally, Ciena and Brown-Forman are scheduled to announce quarterly results before Thursday’s market open.
