U.S. stock futures tied to the Dow Jones, Nasdaq 100, and S&P 500 indices fell on Wednesday, following Tuesday’s higher close.At the ASEAN Foreign Ministers’ meeting in the Philippines, U.S. Secretary of State Marco Rubio said that "The problem we’re having right now is that they’re not serious about talks.” This pushed crude oil prices higher.Tech optimism offset anxieties surrounding the Iran conflict and U.S. trade policy. However, on Monday, President Donald Trump sparked renewed trade war fears by imposing 50% tariffs on select Canadian goods, including beer, milk, and chemicals.Additionally, during a Senate hearing, Defense Secretary Pete Hegseth defended a $70 billion supplemental funding request as the Pentagon raised its estimated cost for the U.S.-Israel war against Iran to $37.5 billion.Meanwhile, the 10-year Treasury bond yielded 4.62%, and the two-year bond was at 4.25%. The CME Group’s FedWatch tool’s projections show markets pricing a 78.1% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’s meeting. IndexPerformance (+/-)Dow Jones-0.07%S&P 500-0.30%Nasdaq 100-0.70%Russell 2000-0.20%Stocks In FocusAAR
Benzinga’s Edge Stock Rankings indicate that AIR maintains a strong price trend in the short, long, and medium terms, with a poor growth score.
