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U.S. Stock Futures Flat as Middle East Tensions Rise
U.S. stock futures were steady on Thursday evening amid renewed concerns about rising geopolitical tensions in the Middle East and surging oil prices. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average DJIA -1.29% ▼ , and the S&P 500 Index (SPX) were down 0.02%, 0.01%, and 0.04%, respectively, at 6:23 p.m. EST on March 5.
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Major indices sank on Thursday as oil prices spiked following Iran’s claim that it attacked a tanker in the Strait of Hormuz. The Dow, the S&P 500, and the Nasdaq fell 1.6%, 0.6%, and 0.3%, respectively. The declines erased part of Wednesday’s strong rebound, when the Dow snapped a three‑day losing streak.
Looking ahead, traders await the release of the Nonfarm Payrolls report tomorrow. The market consensus expects a sharp deceleration to about 58,000 to 65,000 new jobs, down from 130,000 in the previous month.
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