US stock-index futures fell more than 1% after Donald Trump signaled more
military strikes and stopped short of committing to reopening the Strait of
Hormuz. He instead urged importers to buy US crude.
Andrew Tyler said positioning may reset amid a lack of near-term catalysts. S&P
500 futures dropped 1.6%, Nasdaq 100 nearly 2%, and Dow futures 1.4%, trimming a
potential weekly gain.
