Three Major US Index Futures Under Pressure Pre-Market, Oil and Defense Stocks Lead Gains, Safe-Haven Trading Remains Main Theme

TradingKey - U.S. stock futures continued to trend lower, with Dow Jones and S&P 500 futures both falling more than 1.5%, and Nasdaq 100 futures dropping nearly 2%.

Unlike yesterday, index futures showed no signs of paring losses today, indicating that capital remains relatively cautious. Pre-market leaders remained consistent with yesterday, with oil and defense-related stocks maintaining some of their gains.

Following a partial recovery in the Magnificent 7 yesterday, the group faced collective pressure at today's open. In pre-market trading, NVIDIA fell over 3%, Apple dropped more than 1%, Microsoft shed over 1.5%, Tesla declined more than 2%, Amazon and Google both fell over 2%, and Meta dropped more than 1.5%.

Occidental Petroleum rose over 3.5% pre-market following news that Qatar's LNG production has halted and the Strait of Hormuz is blockaded due to the U.S.-Iran conflict. The potential supply gap of 120 billion cubic meters exceeds the scale of the Russia-Ukraine conflict. While gas prices remain far below their 2022 peaks, the global economy faces a severe shock if the disruption continues.