S&P 500 futures fell 0.3% to 7,153.25 and Dow futures slipped 0.5% to 49,436 points.
President Donald Trump extended a ceasefire with Iran, easing fears, yet Iran’s IRGC seized two ships in the Strait of Hormuz.
Oil prices climbed above $100 per barrel after Iran’s ship seizures, intensifying market pressure amid ongoing geopolitical tensions.
Tesla reported $22.4 bn revenue, beating profit and cash flow expectations, but its shares reversed after an after‑hours rise.