Fresh tensions between US and Iran has dampened investor hopes of a swift resolution to the war. As a result, the US stock futures are pointing towards a tepid start for Wall Street today.

Follow all the latest U.S. market action for Thursday here.

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US stock futures pointed to a weak opening as tensions in West Asia raised crude oil prices, heightening inflation concerns. S&P 500 futures fell 0.3%, while Nasdaq and Dow futures also declined. Investors await PCE data for insights on future Fed policy amid ongoing geopolitical conflicts.

The S&P 500 opened 0.16% lower at 7,508, tech-heavy Nasdaq Composite opened 0.25% lower at 26,612.14, and Dow Jones Industrial Average fell 0.37% to 50,456.10.

The U.S. market action on Wednesday.

US stock futures point to a record opening as tech stocks rally, despite escalating tensions in the Middle East. The S&P 500, Nasdaq, and Dow Jones saw modest gains, while chip stocks thrived amidst AI optimism and strong earnings.

The S&P 500 rose Thursday as investors tracked a report that negotiators had reached a deal to extend the Iran ceasefire. However, traders remained cautious

Shares have fallen in Asia after the U.S. conducted what the military said were defensive strikes against Iran.

U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices that have neared record levels. The

Investors stayed upbeat over potential Middle East peace negotiations, even after recent military strikes. Sentiment was further supported by continued strength in artificial intelligence–driven semiconductor stocks.