Dow Futures Drop Nearly 450 Points on Trump Iran Threat, CPI Data Awaited

U.S. stock futures dropped in Wednesday's pre-market trade after President Donald Trump threatened consequences for Iran over prolonged negotiations. Dow Jones Industrial Average futures fell nearly 450 points before recovering some losses, while S&P 500 futures declined about 1% and Nasdaq Composite futures dropped nearly 1.3%. The declines occurred as Trump stated on Truth Social that Iran "will have to pay the price" for taking too long to negotiate. Markets await the Consumer Price Index data for May, scheduled for release at 8:30 a.m. ET.

Trump Posts Iran Threat on Truth Social

Trump stated in a post on Truth Social that Iran has been completely defeated and that the country is all talk and no action. "They've taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!" he said.

Dow Futures Drop Nearly 450 Points

Dow Jones Industrial Average futures fell nearly 450 points before recouping some of the losses. The S&P 500 futures were down about 1%, while the Nasdaq Composite futures declined nearly 1.3%.

CPI Data Release Scheduled for 8:30 a.m. ET

The Consumer Price Index for May is scheduled for release at 8:30 a.m. ET.

FAQ

What did Trump say about Iran on Wednesday? Trump stated on Truth Social that Iran has been completely defeated and is "all talk and no action." He said Iran has taken too long to negotiate a deal and "will have to pay the price."

How much did Dow futures drop after Trump's Iran threat? Dow Jones Industrial Average futures fell nearly 450 points before recovering some losses. S&P 500 futures declined about 1%, and Nasdaq Composite futures dropped nearly 1.3%.