US stock market | Wall Street advances as investors bet on Mideast de-escalation
The US stock market is expected to open lower due to the ongoing conflict in the Middle East, but the impact on stocks has remained limited compared to Asian equities. The war in Iran is forcing investors to reevaluate their stock strategies, leading to a shift toward the US as a haven and a stronger dollar.
The US stock market is likely to open lower due to the Middle East conflict. The futures of the S&P 500, Dow Jones, and Nasdaq are trading lower in pre-market trade. The conflict between the US and Iran has put risky assets out of investors' radar. Despite this, the impact on US stocks has been limited, with the S&P 500 down only 0.70% this week. In contrast, Asian equities such as South Korea's Kospi and the Nikkei 225 have seen significant declines. The war in Iran is affecting Asian markets due to their reliance on fuel shipments through the Strait of Hormuz.
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