Stock market today: Dow, S&P 500, Nasdaq futures slide as Iran war volatility continues

1 week ago 4

Updated Wed, March 4, 2026 astatine 4:04 AM CST 1 min read

US banal futures inched little connected Wednesday pursuing a whipsaw time connected Wall Street arsenic markets proceed to beryllium unsettled by struggle successful the Middle East.

Contracts connected the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) some slipped 0.2%. Nasdaq 100 futures (NQ=F) declined 0.3%, paring deeper overnight losses.

CME - Delayed Quote USD

6,824.50 -0.25 (-0.00%)

As of 5:00:07 AM EST. Market Open.

ES=F NQ=F YM=F

The pullback successful futures comes aft large benchmarks finished Tuesday lower, though good supra their intraday troughs. The S&P 500 (^GSPC), the Dow (^DJI) and the Nasdaq Composite (^IXIC) each fell adjacent to 1%.

Geopolitical tensions added to the volatility. Trump announced connected Truth Social that the US would widen hazard security to maritime commercialized done the Persian Gulf successful a bid to reconstruct tanker postulation done the Strait of Hormuz. Vessel postulation had stalled aft threats from Iran targeting ships attempting to question the channel.

Oil prices continued to rally, gaining implicit 2% aft surging successful caller days connected concerns astir supply. Brent crude futures (BZ=F) traded adjacent $84 a barrel, portion West Texas Intermediate futures (CL=F) moved up to apical $76. US state prices astatine the pump roseate successful tandem, arsenic consumers are being prepped for accelerated terms changes.

Looking ahead, investors get Wednesday’s ADP backstage payrolls study for a labour marketplace wellness check. Earnings instrumentality connected a muted absorption this week, with reports from Broadcom (AVGO), Costco (COST) and Alibaba (BABA) highlighting the coming days.

LIVE 5 updates

Goldman inactive nary spell connected lipid terms ace surge

Goldman Sachs inactive isn't predicting near-term $100 a tube positive lipid amid the escalation of the attacks against Iran.

What their squad has conscionable laid retired this morning:

"We are raising our 2026Q2 mean lipid terms forecast for Brent by $10 to $76/a tube (vs. $66 prior) and by $9 for WTI to $71 (vs. $62) for 2 reasons. First, we presume that 5 further days of precise debased (15% of normal) Strait of Hormuz (SoH) exports followed by a gradual betterment implicit 28 days volition pb successful March to ample OECD inventories declines and 200 cardinal barrels of estimated Middle Eastern crude accumulation losses arsenic retention approaches congestion. Second, we besides presume that lingering geopolitical uncertainty volition proceed to enactment the hazard premium."
Premarket trending tickers: Strategy, Ross Stores, Moderna and Gitlab

Strategy (MSTR) stock roseate 8% earlier the doorbell connected Wednesday, pursuing a 6% emergence successful bitcoin. Strategy is 1 of the largest firm holders of the cryptocurrency.

Ross Stores' (ROST) banal jumped 5% during premarket trading connected Wednesday pursuing the merchandise of its fourth-quarter results, which bushed expert estimates.

Moderna (MRNA) banal roseate 3% earlier the doorbell today. The pharmaceutical institution said it had reached a woody to resoluteness a quality relating to its COVID vaccine.

GitLab (GTLB) shares fell 9% successful premarket trading connected Wednesday aft the institution announced it expects income to dilatory this year. The bundle institution outlined initiatives to assistance boost its guidance.
Global funds unwind hottest AI trades arsenic ostentation fears mount

Bloomberg reports:

Foreigners are fleeing from Asia’s hottest markets this year, arsenic exuberance successful the artificial-intelligence commercialized gives mode to fears astir an oil-driven ostentation shock.

Overseas investors sold astir $3.1 cardinal of South Korean shares this week aft offloading a grounds $13.7 cardinal past month. In Taiwan, they dumped different $3.6 billion, putting the marketplace connected way for the biggest play outflow since precocious December.

The pullback has been concentrated successful high-flying chipmakers that had propelled some markets to grounds highs until past month. In Korea, representation spot heavyweights Samsung Electronics Co. (005930.KS) and SK Hynix Inc. (000660.KS) person each fallen astir 20% this week, with the erstwhile headed for its worst two-day rout successful astir 5 decades. Shares of Taiwan Semiconductor (2330.TW) Manufacturing Co. (2330.TW, TSM) are down astir 7% this week.

“Crowded longs successful AI and everything other were sold aggressively successful the contention to bring down exposures crossed markets arsenic Iran concern seems to person deteriorated,” said Matthew Haupt, portfolio manager astatine Wilson Asset Management successful Sydney. The selloff has landed heavy connected AI linked stocks, helium added, arsenic questions linger implicit whether the sector’s large superior spending plans tin yet make capable profits.

Read much here.
Asian markets fall, Korean speech closes arsenic Iran fallout drives benchmarks down

Reuters reports:

Read much here.
Oil continues to emergence arsenic Hormuz blockade rattles markets

Bloomberg reports:

Read much here.