U.S. Equity Futures Slide as Oil and Gold Retreat From Geopolitical Spike

U.S. equity futures moved lower in pre market trading after escalating hostilities between the United States, Israel and Iran unsettled global markets. The Nasdaq-100-tracking Invesco QQQ fell 1.5%, though losses showed signs of stabilizing later in the session.

Oil and Gold Prices Pull Back After Surge

Energy markets were volatile following reports of a Saudi refinery strike. West Texas Intermediate crude briefly touched $75 per barrel before easing below $72, still up roughly 8% over 24 hours.

Gold climbed more than 2% to $5,400 per ounce, nearing record territory around $5,600, before retreating as traders locked in gains. Meanwhile, the CBOE Volatility Index and the ICE BofA MOVE Index both jumped over 10%, signaling heightened uncertainty.

Bitcoin held above $66,000, diverging modestly from software stocks, while crypto-related equities traded broadly lower.

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