US Futures Mixed as Iran Peace Talks Stall, Tech Selloff Continues
US equity futures are trading mixed in pre-market action as geopolitical tensions surrounding stalled US-Iran peace talks weigh on sentiment, while the technology sector continues to face pressure following Thursday’s broad-based selloff that saw the Nasdaq 100 decline 0.48%.
Overnight Market Developments
Thursday’s session delivered a tale of two markets, with the Dow Jones gaining 1.66% to close at $516.70 while the Nasdaq 100 fell 0.48% to $740.61. The S&P 500 managed a modest 0.38% gain, finishing at $757.09. The divergence highlighted ongoing rotation out of technology stocks as investors reassess valuations amid cooling artificial intelligence momentum.
Geopolitical concerns intensified overnight as reports emerged of stalled US-Iran peace negotiations, adding uncertainty to global markets. Oil markets showed initial volatility before stabilizing after Oman confirmed that operations at the Mina al Fahal terminal were proceeding normally, contradicting earlier reports of export halts.
Sector Rotation Continues
Healthcare led Thursday’s gains with a robust 3.07% advance, followed by financials at 2.59% and real estate at 2.05%. The strong performance in defensive sectors contrasts sharply with technology’s 1.56% decline, suggesting investors are repositioning portfolios amid heightened uncertainty.
Energy markets remain in focus as the EU Commission warned that the Iran conflict could result in 1.3 million job losses due to surging energy prices. However, oil futures edged lower overnight as supply concerns eased with confirmation of normal operations at key Middle Eastern facilities.
Key Earnings on Deck
Several companies report earnings today, including ABM Industries (ABM) with consensus estimates of $0.883 per share on revenue of $2.24 billion, and G-III Apparel Group (GIII) expected to report a loss of $0.31 per share on revenue of $540.5 million. Confluent (CFLT) is also scheduled to report, with analysts expecting $0.10 per share on revenue of $324.3 million.
Economic Calendar
Friday’s economic calendar remains relatively light, with no major data releases scheduled. Market participants will likely focus on any developments regarding the Iran situation and continue monitoring sector rotation patterns that have dominated recent trading sessions.
The mixed pre-market tone reflects ongoing uncertainty as investors balance geopolitical risks against corporate fundamentals, with particular attention on whether the technology selloff represents a temporary correction or the beginning of a broader sector rotation.
This article is generated from market data for informational purposes only. It does not constitute investment advice.