S&P 500 Futures Fall 0.5% Amid US-Iran Tensions

S&P 500 futures declined 0.5% on Wednesday, June 3, following a 0.74% drop in the index, ending a nine-day winning streak for US stocks. According to BeInCrypto, the Nasdaq 100 futures fell 0.7%, and the Dow Jones lost 620 points, marking its worst single-session drop in weeks. The downturn was triggered by geopolitical tensions after Iran struck Kuwait International Airport, escalating Middle East conflicts. Energy stocks rose 1.38% as oil prices surged, while technology stocks fell 1.52%, with Broadcom and CrowdStrike experiencing significant declines. Bitcoin also dropped to $61,000, causing $1.66 billion in crypto liquidations.