US stock futures slipped as the US struck Iran for the second day in a row, hours after President Trump declared the ceasefire between the two countries “over.”
Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq-100 (NQ=F) dropped roughly 0.1%.
The US military said in a social media post on Wednesday evening that it had “started conducting additional strikes against Iran to further degrade their ability to threaten freedom of navigation in the Strait of Hormuz.”
The latest round of attacks comes after the US carried out strikes on Iran on Tuesday, which the military said responded to Tehran’s actions against ships in the Strait of Hormuz.
Earlier on Wednesday, President Trump declared the ceasefire between the countries “over,” and mused about further military action, including a return to a US blockade of the Strait of Hormuz. Stocks closed mixed after paring back some gains on the heels of an abrupt sell-off sparked by the comments, while oil prices spiked.
Meanwhile, investors are continuing to assess the severity of the chip sell-off that shook the AI trade in June. Markets will get fresh insight into the sector with the IPO of chipmaker SK Hynix on Friday.
