FX.co ★ US Futures Pull Back

US equity futures fell on Thursday, extending a stretch of choppy trading as investors weighed escalating attacks in the Middle East and the resulting inflation risks. Futures on the S&P 500, Dow, and Nasdaq 100 were each down about 0.7%. Tehran’s continued rejection of US-backed ceasefire efforts dampened hopes for a near-term end to the conflict and reinforced expectations that energy exports through the Strait of Hormuz will remain disrupted. Rising energy prices pushed Treasury yields higher, pressuring credit‑sensitive sectors and major technology names as risk appetite for speculative AI exposure weakened. Tesla, Microsoft, Amazon, and Meta all traded lower in pre-market activity. In corporate news, Equitable Holdings and Corbridge each gained roughly 2% after announcing an all-stock merger valued at a combined $22 billion.