Futures Slide As Oil Jumps On Iran Strike Report, Bond Rout Resumes Ahead Of 30Y Auction

What happened: US equity futures fell, extending Wednesday's decline, as oil spiked on reports the White House asked the Pentagon for Iran strike options and a tanker was hit off Qatar. The bond rout resumed ahead of a 30Y auction. Key numbers: S&P futures -0.4% at 7,820; Nasdaq futures -0.5%; Dow and Russell futures -0.8%; Brent +5% above $105; WTI +5%; 10Y yield near 5.35%; Why it matters: The oil jump and uniform Treasury selloff pressured equities, with chip and AI-related stocks underperforming. Defensives led Cyclicals, while energy names rose as hurricane Isaias shut Gulf output. Coverage: 3 outlets in 24h

US equity futures fell, extending Wednesday's decline, as oil spiked on reports the White House asked the Pentagon for Iran strike options and a tanker was hit off Qatar. The bond rout resumed ahead of a 30Y auction.

The oil jump and uniform Treasury selloff pressured equities, with chip and AI-related stocks underperforming. Defensives led Cyclicals, while energy names rose as hurricane Isaias shut Gulf output.