Three Major US Index Futures Under Pressure Pre-Market, Oil and Defense Stocks Lead Gains, Safe-Haven Trading Remains Main Theme

TradingKey - U.S. stock futures continued to decline, with Dow Jones Industrial Average futures and S&P 500 futures both falling more than 1.5%, and Nasdaq 100 futures dropping nearly 2%.

Unlike yesterday, there were no signs of the losses in index futures narrowing today, indicating that investors remain relatively cautious. The pre-market gainers remained consistent with yesterday, with oil and defense-related stocks maintaining some of their pre-market gains.

Following a partial recovery in the Magnificent 7 (MG7) yesterday, the group came under collective pressure at today's open. In pre-market trading, NVIDIA fell more than 3%, Apple dropped over 1%, Microsoft fell more than 1.5%, Tesla slid over 2%, Amazon declined more than 2%, Google fell over 2%, and Meta was down more than 1.5%.

Occidental Petroleum rose more than 3.5% in pre-market trading following news that Qatar's LNG production has been halted and the Strait of Hormuz blocked due to the U.S.-Iran conflict. The potential supply gap has reached 120 billion cubic meters, a scale exceeding that of the Russia-Ukraine conflict. Although gas prices remain far below their 2022 peaks, the world will face a severe shock if disruptions persist.