US stock futures edged lower on Monday as the US-Israeli war with Iran showed no signs of easing, keeping markets under pressure. President Donald Trump threatened to strike major Iranian power plants if the Strait of Hormuz is not reopened to shipping soon, while Tehran warned it would target US and Israeli assets across the region, including energy, information technology and desalination infrastructure, if its energy facilities were hit. Oil prices opened higher before pulling back, though still-elevated levels continued to fuel inflation concerns and dampen expectations for a near-term interest rate cut from the Federal Reserve. Last week, the Dow fell 2.11%, the S&P 500 dropped 1.9% and the Nasdaq Composite lost 2.07%, with all three benchmarks marking a fourth consecutive weekly decline. Investors now turn to flash US PMI data due Tuesday for insight into how businesses are coping with mounting uncertainty.
