US equity futures fell over 1% as Trump's 48-hour Iran ultimatum entered its final hours. Gold plunged 10%, Brent topped $113, and Wall Street tracked toward a fifth straight weekly loss.
US futures fell 1%+ as Trump's Iran deadline expired, gold plunged 10% to $4,126, Brent topped $113, and Wall Street tracked toward a fifth straight losing week.
Trump's weekend ultimatum to destroy Iran's infrastructure deepens a sector divide already at extremes. Defense ETFs and energy majors are priced for a longer war while the S&P 500 posts its fifth straight weekly loss.
As the S&P 500 posts its fifth straight weekly loss at 6,506, energy stocks surge on $112 Brent crude while airlines, agriculture, and consumer companies absorb a mounting cost shock.
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