Trending Now - Stock Futures and Global Shares Decline Amid Iran War Concerns

WHO:

President Trump

James McCann, senior economist at Edward Jones

Analysts at Morgan Stanley led by Michael Wilson

Stephen Innes, managing partner at SPI Asset Management

Prime Minister Sanae Takaichi

WHAT:

Stock futures fell on March 3, 2026, after a volatile session for U.S. equities.

Futures tied to the Dow Jones Industrial Average declined by 0.33%.

S&P 500 futures lost 0.34%, and Nasdaq 100 futures dropped 0.45%.

The S&P 500 slipped about 0.34%, while the Dow lost roughly 403 points, or 0.8%.

The Dow Industrials fell more than 1,200 points at one point.

Each of the S&P 500's 11 sectors closed lower, with materials dropping 2.7% and industrials down nearly 2%.

President Trump announced that the U.S. would provide risk insurance to all maritime trade through the Persian Gulf.

Tanker traffic through the Strait of Hormuz halted due to threats from the Iranian Revolutionary Guard commander.

Brent crude oil futures settled up 4.71% to $81.30 per barrel, while West Texas Intermediate crude futures advanced 4.68% to $74.47 per barrel.

The Dow Jones consensus called for 48,000 jobs added in February 2026, up from 22,000 in January 2026.

In early European trading, France's CAC 40 dropped 2.2% to 8,207.10, Germany's DAX sank 2.9% to 23,935.62, and Britain's FTSE 100 declined 2.2% to 10,546.30.

South Korea's Kospi plunged 7.2% to 5,791.91.

Japan's Nikkei 225 sank 3.1% to 56,279.05.

Japanese energy stocks Eneos Corp. and Idemitsu Kosan fell by 3.4% and 3.1%, respectively.

Mitsubishi Heavy plunged 5.3%, and IHI lost 4.9%.

Australia's S&P/ASX 200 lost 1.3% to 9,077.30, Hong Kong's Hang Seng shed 1.1% to 25,768.08, and the Shanghai Composite index lost 1.4% to 4,122.68.

Airline stocks, including American Airlines, United, and Delta, were among the biggest losers due to higher oil prices.

ANA stock fell 3.3%, Japan Airlines fell 6.4%, Korean Air declined 10.3%, and Qantas Airways lost 1.8%.

The S&P 500 fell as much as 1.2% on March 2, 2026, but finished with a gain of less than 0.1%.

WHERE:

U.S. (specifically mentioning the Dow Jones Industrial Average, S&P 500, and Nasdaq)

Persian Gulf

Strait of Hormuz

France, Germany, Britain, South Korea, Japan, Australia, Hong Kong, and China

WHEN:

March 3, 2026 (date of stock futures decline)

February 2026 (job report expectations)

March 2, 2026 (S&P 500 performance)

On Monday, March 2, 2026 (airline stock performance)

WHY:

Concerns about rising oil prices affecting the U.S. economy and future monetary policy decisions.

Threats to energy supplies from the Iran war.

HOW:

President Trump’s announcement of risk insurance for maritime trade.

Market reactions to threats from the Iranian Revolutionary Guard commander.

On March 3, stock futures fell following a turbulent session for U.S. equities, with the Dow Jones Industrial Average declining by 0.33% and the S&P 500 losing 0.34%. President Trump announced that the U.S. would provide risk insurance for maritime trade through the Persian Gulf, as tanker traffic through the Strait of Hormuz was halted due to threats from the Iranian Revolutionary Guard commander, which contributed to rising oil prices. Meanwhile, major indices in Europe and Asia also saw significant declines, with South Korea's Kospi plunging 7.2% and airline stocks suffering losses due to the impact of higher oil prices.