Nasdaq100 futures erase earlier losses to turn flat

Nasdaq100 futures erase earlier losses to turn flat

U.S. stock index futures for the Nasdaq 100 erased earlier losses to trade flat on Sunday evening, reflecting a cautious market sentiment amidst heightened geopolitical tensions. The weekend news of the U.S. entering the war against Iran has significantly impacted oil prices, with investors rushing out of risk-driven assets after Washington's involvement was reported [1].

The Nasdaq 100 Index, which is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international companies listed on the NASDAQ, has been particularly sensitive to geopolitical developments. The index, which does not include financial companies and is not compiled of purely United States-based companies, is distinguished from similar indices [1].

Investors are closely monitoring the potential U.S. involvement in the Iran conflict, with the timeline of President Trump's decision on the matter remaining uncertain. This uncertainty has led to volatility in stock futures, with the Nasdaq 100 futures dipping after reports of potential U.S. strikes against Iran [1].

In addition to geopolitical concerns, investors are also keeping an eye on economic data releases, such as GDP data, and the ongoing trade tensions between the U.S. and various countries. The Nasdaq 100, which is heavily influenced by technology and growth-oriented companies, is particularly sensitive to these macroeconomic factors [1].

As the market awaits further clarity on the U.S. involvement in the Iran conflict, investors are expected to remain cautious. The Nasdaq 100 futures, which have been trading in a range, may continue to reflect this uncertainty in the coming days.

References:
[1] https://www.investing.com/indices/nq-100-futures