Stock market today: Dow, S&P 500, Nasdaq futures fall as US launches new strikes against Iran

June 11, 2026 - 12:29

US stock futures pointed to a sharp drop at the open on Monday, as investors reacted to news that the American military had launched fresh strikes against Iran. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all fell in early trading, reflecting growing anxiety over a widening conflict in the Middle East.

The strikes came just hours after President Trump said negotiations with Iran were taking "too long" and that the US would respond forcefully if a nuclear deal was not reached quickly. The overnight military action marks a significant escalation, raising the risk of a broader regional war that could disrupt global oil supplies and rattle financial markets.

Energy prices surged in pre-market trading, with crude oil jumping more than 4 percent on fears of supply disruptions from the Strait of Hormuz. Meanwhile, safe-haven assets like gold and US Treasury bonds saw increased demand as traders moved to hedge against geopolitical uncertainty.

The technology-heavy Nasdaq was hit hardest in futures trading, as investors sold off growth stocks in favor of defensive sectors. Major names like Apple, Microsoft, and Nvidia all saw pre-market declines. The broader S&P 500 was also under pressure, with energy stocks the only notable gainers.

Analysts warned that further volatility is likely if the conflict escalates. "Markets hate uncertainty, and this is about as uncertain as it gets," one strategist said. "The key question now is whether this remains a limited strike or turns into something much bigger."

The White House has not yet commented on the scope of the operation, but defense officials confirmed that multiple targets in Iran were hit. The move comes after weeks of heightened tensions following the collapse of nuclear talks.

Traders will be closely watching the opening bell for signs of panic selling, as well as any diplomatic signals that could de-escalate the situation. For now, the mood on Wall Street is cautious, with many bracing for a rough session ahead.