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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
U.S. stock futures fell on Wednesday after Iran ruled out direct talks with the United States, according to media reports. The development escalated geopolitical tensions, prompting investors to reduce equity exposure and seek safe-haven assets.
The futures decline follows a mixed close for stocks on Tuesday, with NKE closing at $41.05, STZ at $139.09, and BE at $302.70 (close of June 30). These stocks were caught in a risk-off wave as the likelihood of further Middle East tensions rose, potentially weighing on consumer and energy sectors.
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Sign InInvestors are now watching for any new diplomatic moves between Iran and the U.S., as well as upcoming U.S. economic data. Technically, $41.00 acts as near-term support for NKE (with a prior low of $40.89), while BE faces resistance at $308.82 (June 30 high).