June S&P 500 E-Mini futures (ESM25) are up +0.20%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.33% this morning, pointing to a slightly higher open on Wall Street after yesterday’s drop, while investors await the Federal Reserve’s policy decision and updated projections, as well as Chair Jerome Powell’s remarks.
Investors also await updates on whether the U.S. plans to become directly involved in the conflict in the Middle East. The conflict between Israel and Iran entered a sixth day on Wednesday, showing no signs of easing. Reuters reported that U.S. President Donald Trump and his team were weighing several options, including joining Israel in strikes against Iranian nuclear facilities. President Trump demanded Iran’s unconditional surrender on Tuesday and threatened a potential strike against the country’s leader. Iran’s Supreme Leader rejected President Trump’s demand for unconditional surrender in a statement read by a television presenter on Wednesday, warning that U.S. military action would have “serious and irreparable consequences.”
