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Stock futures slid Wednesday as traders braced for more losses to start October amid escalating tensions in the Middle East.
Futures for the Dow Jones Industrials lost 181 points, or 0.4%, to 42,298.
Futures for the S&P 500 shed 15 points, or 0.2%, at 5,744,75.
Futures for the NASDAQ dipped 39.5 points, or 0.2%, to 19,935.50.
Nike slid more than 5% after the sneaker giant pulled its full-year guidance ahead of its CEO change. Tech also struggled for a second day, with intelligence darling Nvidia slipping close to 1% before the bell.
The major averages are coming off a losing session as rising tensions in the Middle East dented risk appetite and investor enthusiasm for the new trading period. The Dow fell more than 170 points, while the S&P 500 let go of 0.9% and NASDAQ dropped 1.5%.
Ahead of Friday’s keynote September jobs report, Wall Street on Wednesday will gain insight into the state of private payrolls with ADP’s Employment Survey. Friday’s nonfarm payrolls report could play a major role in the market’s direction and the Federal Reserve’s next rate move as its cutting cycle begins.
In Japan, the Nikkei 225 sank 2.2%, while in Hong Kong, the Hang Seng resumed with a gain of 6.2%.
Oil prices dropped $2.27 to $72.10 U.S. a barrel.
Gold prices faded $19.10 to $2,671.20
