NASDAQ:HWH 6 December 2025

April 1, 2026, 11:40 PM EDT. US stock futures fell sharply after President Donald Trump warned that the US-Iran conflict will escalate over the next 2-3 weeks, with the Dow and S&P 500 futures down about 0.8% and Nasdaq 100 futures plunging 1%. Trump stated US forces will "hit Iran extremely hard" and aim to "bring them back to the stone ages." Crude oil prices spiked nearly 5%, reflecting fears over disrupted energy flows through the Strait of Hormuz. The dollar strengthened against major currencies, while gold prices slid 1.3%, ending a four-day rally. Despite the drop in futures, Wall Street stocks closed higher in the previous session amid hopes of a de-escalation.