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U.S. Stock Futures Extend Drop as Mideast Woes Hit Sentiment

  • Geopolitical tension between U.S., Iran has worsened: IG Asia
  • Stock market is coming off a very strong rally: Miller Tabak
Last Day Of Trading For 2019 On The Floor Of The NYSE
Photographer: Michael Nagle/Bloomberg
Updated on

U.S. stock-index futures pointed to a weaker open and European shares traded lower after last week’s killing of a top Iranian military commander by a U.S. drone in Baghdad damped investors’ appetite for riskier assets.

S&P 500 Index futures contracts expiring in March were down 0.7% as of 8:54 a.m. in London, after the attack prompted Iraq’s parliament to vote to expel U.S. troops from the country. Iran said it would no longer abide by any limits on its enrichment of uranium. Futures on the Nasdaq 100 Index and Dow Jones Industrial Average each declined 0.8%.