Futures Slide Ahead Of Massive $5.7 Trillion OpEx As Iran War Shows No Signs Of Easing [zero hedge]
FIGS, Inc. Class A (FIGS)
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Source: zero hedge
Futures Slide Ahead Of Massive $5.7 Trillion OpEx As Iran War Shows No Signs Of Easing Futures are weaker heading into the weekend after US equities finished lower yesterday despite Netanyahu headlines leading to a late day bounceback into EOD. Geopolitical headlines remain the focus overnight with Brent rising as much as 90bps before reversing, as Iran pressed ahead with hitting energy assets & headlines that the US is considering plans to occupy Iran’s Kharg Island to press for the reopening of the Strait of Hormuz. As of 8:15am, S&P 500 futures fell 0.4% after finishing on Thursday under its 200-day moving average which could trigger even more forced selling; Nasdaq 100 futures declined 0.6%. US stocks are on course for a fourth week of losses, the longest losing streak in a year. Brent crude oil prices reversed earlier gains to decline 0.7% to around $108. The VIX rose to around 25. Elsewhere, it was a relatively quiet overnight with upward pressure on yields still the focus (USGG
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