Updated 1 min read
US stock futures slipped as doubts about President Trump’s ability to end the war with Iran rattled Wall Street.
Futures attached to the Dow Jones Industrial Average (YM=F) hugged the flatline. Futures attached to the benchmark S&P 500 (ES=F) fell roughly 0.5%, while futures attached to the tech-heavy Nasdaq 100 (NQ=F) tumbled around 0.6%.
On Wednesday evening, following the most serious escalation between the US and Iran since the April ceasefire took effect, the House of Representatives voted to end the war in a rebuke to the president. Earlier in the day, stocks retreated from records and oil rose as hopes for a quick Iran deal faded.
Meanwhile, SpaceX confirmed in a new filing that it plans a record-breaking $75 billion IPO, and Broadcom (AVGO) earnings disappointed investors on projected AI chip sales.
On Thursday, ahead of Friday’s May jobs report, Wall Street will get two additional readings on the labor market: weekly jobless claims from the Bureau of Labor Statistics and layoff data from outplacement firm Challenger, Gray & Christmas.
Finally, earnings season continues to wrap up with Ciena Corporation (CIEN), lululemon athletica (LULU), and DocuSign (DOCU) set to report their results Thursday.
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Stock market coverage for Thursday, June 4, 2026.
