US futures in the pre-market session are declining as geopolitical tensions in the Middle East continue to inflate as a bubble. The Trump administration today imposed new tariffs on Iran.
Sanctions against Iran's Supreme Leader Ayatollah Ali Khamenei and top leaders close to the leader closed the door for talks between the two countries. Tensions between the US and Iran have existed since 2015, when Iran withdrew from the UN nuclear agreement. Last week, Trump ordered, and then canceled a retaliatory military strike against Iran after the Iranian Guard removed a US intelligence drones.
The NASDAQ100 technology index is down 23 points, the DOW by 34 points, and the S & P500 down 4 points.
Allergan is up 34% in the pre-market after announcing that they are approaching AbbVie for a deal worth $ 60 billion. AbbVie is down 4.6%.
Micron is down 0.1% and is expected to post their reports after the session.
FedEx is down 1.8%, and today the company has to disclose its reports after the session ends.
Today, US consumer confidence and sales of new homes will also be in focus. Later there is a statement by Jerome Powell, and investors will get a rumor to further confirm the upcoming rate cut in July.
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