US stock futures slip as investors weigh Middle East war fallout
USA TODAY
U.S. stock index futures edged lower on Thursday as investors digested the widening fallout from an intensifying Middle East war.
March 5 (Reuters) - U.S. stock index futures edged lower on Thursday as investors digested the widening fallout from an intensifying Middle East war, after markets staged a tentative bounce a day earlier.
Iran launched a fresh wave of missiles toward Israel earlier in the day, just hours after efforts in Washington to halt the U.S. air assault ran into a wall.
Safe-haven gold and the dollar kept climbing, while U.S. Treasuries cooled, pushing the 10-year yield to its highest level since early February.
Oil, after surging more than 3% on the day and jumping over 15% so far this week, extended its rally as the conflict entered a sixth day, keeping fears alive that higher energy costs could bleed into the broader economy and muddy an already uneasy outlook for the Federal Reserve.
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