Traders at work at the New York Stock Exchange on May 13, 2026.
new york stock exchange
S&P 500 futures were broadly higher and stabilized early Friday after a tough trade in which soaring oil prices and lackluster earnings from two mega-cap companies weighed on the broader stock market.
S&P500 futures I added 0.2%, Nasdaq 100 futures It was flat. Dow Jones Industrial Average Futures led the rise, adding about 0.4%.
In normal transactions, Dow It fell more than 500 points, or about 1%, marking the fifth negative day in six days. of S&P500 and Nasdaq It was the worst one-day performance since June 23, when stocks fell 1.2% and 2.2%, respectively.
US President Donald Trump said he would soon decide whether to launch a “massive attack” on Iran, as the Middle East conflict escalated to a new battleground in the Red Sea.
In an interview with Axios on Thursday, the president said the proposed attack would be larger than anything seen in previous wars and that Iran “hasn’t suffered enough yet.”
President Trump said in an interview: “We’re considering a large-scale attack. Larger than we’ve ever had before. We’re getting closer to making a decision. We’re ready.”
U.S. forces have been bombarding Iranian targets for the past two weeks, with Central Command completing 13 consecutive night strikes.
Meanwhile, European stock markets opened broadly higher on Friday as investor sentiment improved on the continent.
Immediately after the opening bell rang, the pan-European Stocks 600 The index rose 0.2%, with mixed conditions for regional stock exchanges and sectors.
of london FTSE100 France was flat, but CAC40 Add 0.1% to Germany’s dachshund Added 0.4%.
In Asia, the Asia-Pacific market closed in the red, led by Korean stocks. of Kospi It fell more than 5.7%. Japanese Nikkei Stock Average It fell 2.7%. australian benchmark S&P/ASX 200 It fell by 0.75%.
brent crude oil futures Prices topped $100 a barrel for the first time since late May, surging about 7% on Thursday before paring gains and settling around $96.88 on Friday. West Texas Intermediate Futures It also withdrew and settled at around $88.96.
“The current position does not guarantee that oil prices will continue to rise, but it does mean that the market has entered the latest escalation that is badly positioned for an upside surprise,” said Adam Turnquist, chief technical strategist at LPL Financial. “If sentiment and positioning are extremely bearish, even a slight deterioration in supply expectations can trigger an abnormal price reaction.”
Quarterly results tesla and alphabet It also weighed on the market as a whole. Tesla fell nearly 15% after announcing second-quarter earnings misses, marking its worst day since March 10, 2025. Alphabet raised its full-year outlook for capital spending, sending the tech giant into a 7% loss. This is the largest daily rate of decline since May 7, 2025.
Thursday’s move puts the major averages on track for weekly declines. The Dow and S&P 500 fell 0.8% and 0.7%, respectively. The Nasdaq underperformed, falling 1.5%.
