Nasdaq 100 futures rose 0.29% ahead of Monday’s open as the Invesco QQQ Trust edged slightly higher despite a 4.18% Nasdaq Composite slump last Friday triggered by Iran’s first missile attack on Israel since April. Dow and S&P futures fell 0.33% and 0.02% respectively as heightened Middle East tensions weighed on sentiment.
Iran launched missiles at Israel, its first such strike since April’s ceasefire, prompting Israeli air defenses to intercept incoming threats with no casualties reported. The attack has raised concerns about a collapse in the fragile ceasefire and potential for broader regional conflict.
The tech-heavy index closed down 4.18% at 25,709.43 on Friday, its worst one-day decline in 14 months, as investors fled riskier assets. Over 1,000 points were erased amid a surge in oil futures driven by Middle East tensions.
Dow futures dropped 0.33% and S&P 500 futures fell 0.02%, while Nasdaq 100 futures climbed 0.29% ahead of Monday’s open. The Invesco QQQ Trust followed the Nasdaq’s gains, edging higher on bullish speculative flows despite the prior selloff.
President Donald Trump said he will urge Israeli Prime Minister Benjamin Netanyahu to refrain from retaliating to Iran’s missile launch. He cited a near-final deal with Iran and emphasized the need to avoid escalation that could further unsettle markets.
