U.S. Stock Index Futures Fall on May 19 as Oil Prices Drop Following Trump's Iran Strike Cancellation

SPX500-0.34%
CL4.18%

According to BlockBeats, U.S. stock index futures declined on May 19, with Nasdaq futures falling 0.7% and S&P 500 futures down 0.4%, after President Trump cancelled planned military strikes against Iran at the request of Middle Eastern leaders. International crude prices retreated following the announcement.

WTI crude oil fell to $108.21 per barrel and Brent crude to $110.96 per barrel on the day. Chip stocks continued to face pressure, with Micron, Broadcom, and Nvidia each declining over 1%, while Seagate fell nearly 2%.

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