Stock market today: Dow, S&P 500, Nasdaq futures pare losses as Iran war volatility continues

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earlier out-of-hours losses. Dow Jones Industrial Average (YM=F) futures traded broadly flat, after the major US benchmarks closed nearly 1% lower on Tuesday.The conflict that has whipsawed markets entered its fifth day on Wednesday with fresh strikes by Israel on Tehran as Iran awaits the funeral of Supreme Leader Ali Khameni, killed in weekend attacks. Stock investors are worried the conflict will push up inflation, fears that helped drive Korea's main benchmark to its biggest one-day crash on record.Trump announced on Truth Social that the US would extend risk insurance to maritime trade through the Persian Gulf in a bid to restore tanker traffic through the Strait of Hormuz. Vessel traffic had stalled after threats from Iran targeting ships attempting to travel the channel.Oil prices continued to rally, gaining over 2% after surging in recent days on concerns about supply. Brent crude futures (BZ=F) traded near $84 a barrel, while West Texas Intermediate futures (CL=F) moved up to top $76. US gas prices at the pump rose in tandem, as consumers are being prepped for fast price changes.Looking ahead, investors get Wednesday’s ADP private payrolls report for a labor market health check. Earnings take on a muted focus this week, with reports from Broadcom (AVGO), Costco (COST) and Alibaba (BABA) highlighting the coming days.LIVE 6 updatesjust nowKaren FriarGold gains as dip-buyers enter market despite dollar strengthFrom Bloomberg:Gold advanced, recovering some of the losses in the previous session, as dip-buyers entered a market fraught with risk on the fifth day of war in the Middle East.Bullion climbed as much as 2%, clawing back ground after a four-day winning streak ended Tuesday. Traders are balancing gold’s risk premium against a stronger dollar, with a gauge of the US currency rallying about 1.5% this week. Bond yields advanced and surging energy prices heightened the risk of widespread inflation.That prompted traders to scale back bets on monetary easing, while a broad selloff across equities on Tuesday forced some investors to liquidate their positions to meet margin calls elsewhere in their portfolios.The gold market is experiencing a standard “portfolio risk-reduction move,” said Peter Kinsella, global head of forex strategy at Union Bancaire Privee, UBP SA. “It’s entirely consistent with what we have seen in previous conflicts.”Read more here.38 mins agoBrian SozziGoldman still no go on oil price super surgeGoldman Sachs still isn't predicting near-term $100 a barrel plus oil amid the escalation of the attacks against Iran.What their team has just laid out this morning:"We are raising our 2026Q2 average oil price forecast for Brent by $10 to $76/a barrel (vs. $66 prior) and by $9 for WTI to $71 (vs. $62) for two reasons. First, we assume that 5 additional days of very low (15% of normal) Strait of Hormuz (SoH) exports followed by a gradual recovery over 28 days will lead in March to large OECD inventories declines and 200 million barrels of estimated Middle Eastern crude production losses as storage approaches congestion. Second, we also assume that lingering geopolitical uncertainty will continue to support the risk premium."Today at 9:41 AM UTCJenny McCallPremarket trending tickers: Strategy, Ross Stores, Moderna and GitlabStrategy (MSTR) stock rose 8% before the bell on Wednesday, following a 6% rise in bitcoin. Strategy is one of the largest corporate holders of the cryptocurrency.Ross Stores' (ROST) stock jumped 5% during premarket trading on Wednesday following the release of its fourth-quarter results, which beat analyst estimates.Moderna (MRNA) stock rose 3% before the bell today. The pharmaceutical company said it had reached a deal to resolve a dispute relating to its COVID vaccine.GitLab (GTLB) shares fell 9% in premarket trading on Wednesday after the company announced it expects sales to slow this year. The software company outlined initiatives to help boost its guidance.Today at 8:39 AM UTCKaren FriarGlobal funds unwind hottest AI trades as inflation fears mountBloomberg reports:Foreigners are fleeing from Asia’s hottest markets this year, as exuberance in the artificial-intelligence trade gives way to fears about an oil-driven inflation shock.Overseas investors sold about $3.1 billion of South Korean shares this week after offloading a record $13.7 billion last month. In Taiwan, they dumped another $3.6 billion, putting the market on track for the biggest weekly outflow since late December.The pullback has been concentrated in high-flying chipmakers that had propelled both markets to record highs until last month. In Korea, memory chip heavyweights Samsung Electronics Co. (005930.KS) and SK Hynix Inc. (000660.KS) have each fallen almost 20% this week, with the former headed for its worst two-day rout in almost five decades. Shares of Taiwan Semiconductor (2330.TW) Manufacturing Co. (2330.TW, TSM) are down nearly 7% this week.“Crowded longs in AI and everything else were sold aggressively in the race to bring down exposures across markets as Iran situation seems to have deteriorated,” said Matthew Haupt, portfolio manager at Wilson Asset Management in Sydney. The selloff has landed heavily on AI linked stocks, he added, as questions linger over whether the sector’s big capital spending plans can ultimately generate enough profits.Read more here.Today at 4:02 AM UTCRian HowlettAsian markets fall, Korean exchange closes as Iran fallout drives benchmarks downReuters reports:Read more here.Today at 2:39 AM UTCRian HowlettOil continues to rise as Hormuz blockade rattles marketsBloomberg reports:Read more here. Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,839.00 +14.25 (+0.21%)Dow Futures48,603.00 +43.00 (+0.09%)Nasdaq Futures24,825.50 +69.75 (+0.28%)Russell 2000 Futures2,622.40 +10.30 (+0.39%)VIX23.08 -0.49 (-2.08%)Gold5,198.00 +74.30 (+1.45%)Trending tickersBTC-USD Bitcoin USD 71,397.79 +4,855.82 (+7.30%)MOBX Mobix Labs, Inc. 1.1200 +0.9430 (+532.77%)ETH-USD Ethereum USD 2,076.05 +123.92 (+6.35%)MSTR Strategy Inc 132.68 -4.97 (-3.61%)CRWD CrowdStrike Holdings, Inc. 391.42 +6.56 (+1.70%)PortfolioSign in to access your portfolioSign inTop gainersKTB Kontoor Brands, Inc. 78.18 +13.36 (+20.61%)INGM Ingram Micro Holding Corporation 24.41 +3.06 (+14.33%)INTA Intapp, Inc. 26.14 +2.70 (+11.52%)TDW Tidewater Inc. 87.67 +7.80 (+9.77%)AVAV AeroVironment, Inc. 228.30 +19.98 (+9.59%)Top losersMDB MongoDB, Inc. 252.73 -72.28 (-22.24%)STNE StoneCo Ltd. 13.73 -3.30 (-19.38%)LIF Life360, Inc. 43.97 -9.82 (-18.26%)SE Sea Limited 87.82 -17.39 (-16.53%)ALG Alamo Group Inc. 184.78 -33.69 (-15.42%)Most activePLUG Plug Power Inc. 2.2300 +0.4200 (+23.20%)NVDA NVIDIA Corporation 180.05 -2.32 (-1.27%)ONDS Ondas Inc. 10.02 -0.65 (-6.09%)AAL American Airlines Group Inc. 12.46 -0.06 (-0.48%)F Ford Motor Company 12.70 -0.69 (-5.15%)Top economic eventsEarnings eventsMy earnings eventsEarnings events