US S&P 500, Nasdaq, and Dow futures fell about 0.1-0.16% after earlier rally, trading at 6,812.75, 25,043, and 48,087 points respectively.
Iran accused the U.S. and Israel of breaching a 10‑point cease‑fire, citing Israel’s attacks on Lebanon and a Strait of Hormuz closure.
Chipmakers led gains, with the Philadelphia Semiconductor Index up over 6% driven by Micron, NVIDIA, Intel and Samsung’s strong Q1 earnings outlook.
Fed March minutes highlighted worries that oil prices could push inflation higher and spur interest‑rate hikes, adding a hawkish tone to markets.