Stock futures fall after U.S. strikes Iran; Wall Street heads for winning month: Live updates
The Dow is up 2.1% in August, on pace for its fifth consecutive monthly advance.
TL;DR
- U.S. struck two Iranian rocket launchers on Larak Island, increasing geopolitical tensions.
- Stock futures fell in early trading, and Asian markets experienced significant declines.
- Crude oil prices increased following the U.S. strike.
- Wall Street is on track for a winning month, with the tech sector leading gains.
- Inflation fears and elevated Treasury yields remain a concern, despite attempts to stem market routs.
- Federal Reserve Chairman Kevin Warsh expressed worries about inflation.
- The Japanese yen weakened significantly against the dollar.
- South Korean beauty company APR's shares have surged, with its brand set to launch in U.S. Costcos.
- China's factory activity contracted for the second consecutive month but less than expected.
- Investors are awaiting key economic data, including the August jobs report.