Investing.com-- US stock index futures rose on Sunday evening as technology and chipmaking stocks eyed a recovery after logging deep losses last week, while concerns over the Middle East war grew after Iran attacked Israel over the weekend. S&P 500 Futures rose 0.1% to 7,411.25 points by 20:21 ET (00:21 GMT). Nasdaq 100 Futures rose 0.6% to 29,174.50 points, while Dow Jones Futures rose 0.1% to 50,751.0 points.
Get more insights on Wall St and the impact of the Iran war by subscribing to InvestingProFutures rose after Wall Street plummeted on Friday amid sharp losses in technology and chipmaking stocks, especially after a strong payrolls reading sparked concerns over higher for longer interest rates. Concerns over the Iran war also remained squarely in play, especially following increased military activity in the Middle East over the past two weeks. Iran attacks Israel over Lebanon; Trump urges restraint Iran on Sunday launched a volley of missile strikes against Israel, largely in retaliation for increasing Israeli aggression against Lebanon over the past week.
Reports showed Israel preparing retaliatory attacks against Iran, even as U.S. President Donald Trump asked Israel not to retaliate, citing hopes for a peace deal with Tehran. Iran’s attacks came after Israel said it had struck Hezbollah targets in Beirut’s southern suburbs over the weekend, after the country engaged in renewed hostilities in Southern Lebanon.
The weekend development further undermined progress towards a potential peace deal with Iran, given that Tehran has called for a Lebanon ceasefire before any major peace deal with the U.S. and Israel. The U.S.
and Iran tested their already tenuous ceasefire with a series of air strikes over the past two weeks, diminishing hopes for a peace deal despite repeated claims from Trump that an agreement was close. Oil prices rose sharply after the weekend strikes, driving up concerns over a prolonged Middle East war and energy-driven economic disruptions. This notion had weighed on Wall Street last week.
Wall St nurses deep losses after tech wipeout Wall Street indexes fell sharply on Friday, hit chiefly by losses in tech and chipmaking stocks as investors locked in gains after a bumper artificial intelligence-fueled rally in recent weeks. The NASDAQ Composite was by far the worst performer, sliding 4.2% to 25,709.43 points in its worst day since April 2025. The S&P 500 slid 2.6% to 7,383.74 points, while the Dow Jones Industrial Average fell 1.4% to 50,866.78 points.
Losses were fueled chiefly by chip stocks, as heightened economic and geopolitical uncertainty saw investors collect profits from the high-flying sector. AI bellwether NVIDIA Corporation (NASDAQ:NVDA) slid over 6% on Friday. Wall Street’s losses came after nonfarm payrolls data for May read much stronger than expected.
The print pointed to resilience in the labor market despite economic headwinds from the Iran war. Strength in the labor market gives the Federal Reserve more headroom to potentially raise interest rates, especially in the face of rising energy-fueled prices. This notion spurred sharp gains in Treasury yields last week, which in turn also spooked Wall Street.
Comments
Looks like the tech sector is trying to bounce back after those heavy losses, but it's hard to focus on stocks with all this escalating tension in the Middle East. It's a tricky time for investors; rising oil prices and geopolitical unrest can really shake up the market. I guess everyone is watching closely to see how this all affects interest rates and the overall economy.