US pre-open: Futures lower after Trump orders bombing of Iran
By Iain Gilbert
Date: Monday 23 Jun 2025
(Sharecast News) - Wall Street futures were in the red ahead of the bell on Monday despite news that Donald Trump had ordered US bombers to strike Iran.
As of 1230 BST, the Dow Jones futures were down 0.14%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.07% and 0.12% weaker, respectively.
The Dow closed 35.16 points higher on Friday, giving up earlier gains, amid ongoing uncertainty regarding America's potential involvement in the Middle East conflict.
The question as to what America's involvement will be was answered on Saturday after the US attacked Iranian sites in Fordo, Isfahan and Natanz, confounded those who had expected to see further efforts to resolve the situation with more diplomacy after Trump said he would make a decision whether or not to attack Iran "within the next two weeks".
Following the attacks, Trump said, "there will be either peace, or there will be tragedy for Iran far greater than we have witnessed over the last eight days". Markets now brace for Iran's next move, with the Middle Eastern nation potentially looking to target nearby US personnel or close the Strait of Hormuz, massively disrupting global oil flows.
Trade Nation's David Morrison said: "Trump wrongfooted everyone by authorising US involvement in Israeli-Iranian hostilities. US action has been limited so far to bombing sorties aimed at destroying Iran's nuclear infrastructure. The strikes targeted key facilities in Fordo, Isfahan, and Natanz, surprising many investors who had expected diplomatic talks to reconvene.
"The situation remains fluid. It's currently unclear how successful the US mission has been, and it's uncertain if the US action is set to continue. At the same time, there's plenty of wild speculation over how Iran is likely to respond, assuming they are in a position to do so. Investors are taking an optimistic view."
On the macro front, a preliminary reading of S&P Global's June manufacturing and services PMIs will be released at 1445 BST, while May's existing homes sales numbers will follow at 1500 BST.
No major corporate earnings were slated for release on Monday.
Reporting by Iain Gilbert at Sharecast.com
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