US stock markets pause as Middle East fears recede - CNBC

U.S. stock index futures were hovering around the flatline Tuesday morning, despite ongoing geopolitical tensions.

Around 6:45 a.m. ET, Dow futures indicated a negative open of about 10 points. Futures on the S&P 500 and Nasdaq indexes were little changed as well.

U.S. equities rose on Monday reversing steep earlier losses. Strong gains in the tech sector helped markets overcome initial concerns over tensions between the United States and Iran.

President Donald Trump announced last week that the U.S. had killed Iran's top military commander in Baghdad. The president also said Sunday that he could slap sanctions on Iraq, after its parliament passed a resolution calling for the government to expel foreign troops from the country. Market players are now waiting to see if the situation will escalate with a potential retaliation from Iranian forces.

Oil prices were slightly lower Tuesday morning after recent gains. Brent was trading at $68.40 a barrel and WTI was sold at $62.86 a barrel.

In terms of data, there will be U.S. trade deficit figures out at 8:30 a.m. ET, followed by factory orders and non-manufacturing PMIs at 10 a.m.

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https://www.cnbc.com/2020/01/07/dow-futures-middle-east-fears-recede-oil-prices-fall.html

2020-01-07 07:23:00Z
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