US stock futures edged lower on Tuesday as investors weighed rising geopolitical risks in the Middle East after President Donald Trump reinstated a blockade on Iranian vessels transiting the Strait of Hormuz. The decision drove oil prices sharply higher and pressured equities, stoking concerns that central banks may be forced to raise interest rates to counter renewed inflationary pressures.
Market participants also looked ahead to key US inflation data and Fed Chair Kevin Warsh’s testimony before Congress later in the day. On the corporate front, quarterly results from major US banks — including JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo — are scheduled for release today.
In Monday’s regular session, the Dow Jones Industrial Average slipped 0.26%, the S&P 500 fell 0.79%, and the Nasdaq Composite lost 1.55%. Chipmakers led the decline amid persistent worries that AI hyperscalers may trim capital spending on AI infrastructure. Shares of Micron (-4.3%), Nvidia (-3.5%), Sandisk (-12.6%), AMD (-4.2%), and Intel (-6.1%) all closed sharply lower.
