Wall Street futures pointed lower pre-bell Friday as rising oil prices and interest rates tempered optimism, and as Tehran-Washington hostilities mounted over the still-closed Strait of Hormuz.
In the futures, the S&P 500 fell 0.5%, the Nasdaq declined 1.4% and the Dow Jones was off 0.5%.
The VanEck Semiconductor Exchange-Traded Fund (SMH) traded down 2.3% pre-bell, as chip shares lost favor.
In contrast, West Texas Intermediate crude oil traded higher at $107.99 a barrel, up 2.1%.
Yields on 10-year US Treasuries topped 4.5%, the highest since early 2024.
Asian exchanges traded lower overnight, led by a 6% tumble on Seoul's KOSPI index, as tech shares retreated.
European bourses tracked solidly south midday on the continent.
On the economic calendar is the Empire State Manufacturing Index for May at 8:30 am ET, along with the national industrial production report for April.
The Baker Hughes domestic oil-and-gas rig count logs at 1 pm.
In pre-market action, Bitcoin traded at $80,664, and spot gold commanded $4,568 an ounce.