{"id":127216,"date":"2026-05-15T14:53:35","date_gmt":"2026-05-15T10:53:35","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=127216"},"modified":"2026-05-15T14:53:43","modified_gmt":"2026-05-15T10:53:43","slug":"wall-street-futures-tumble-as-iran-war-threats-and-chip-export-snub-crush-record-high-mood","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wall-street-futures-tumble-as-iran-war-threats-and-chip-export-snub-crush-record-high-mood\/05\/15\/market-updates\/","title":{"rendered":"Wall Street Futures Tumble as Iran War Threats and Chip Export Snub Crush Record-High Mood"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Futures fall sharply:<\/strong> S&amp;P 500 futures dropped 1.1% to 7,440.50, Nasdaq 100 futures slid 1.5%, and Dow Jones futures fell 0.6%.<\/li>\n\n\n\n<li><strong>Chip export disappointment:<\/strong> USTR Jamieson Greer said chip export controls were &#8220;not a major topic&#8221; in U.S.-China talks.<\/li>\n\n\n\n<li><strong>Nvidia premarket drop:<\/strong> Shares fell 1.2% after surging to record highs Thursday on H200 sales reports.<\/li>\n\n\n\n<li><strong>No deliveries yet:<\/strong> Despite reports of H200 clearance to 10 Chinese companies, no actual sales have been made.<\/li>\n\n\n\n<li><strong>Trump&#8217;s Iran threats:<\/strong> The president vowed &#8220;the military decimation of Iran&#8221; and said he&#8217;s &#8220;not going to be much more patient.&#8221;<\/li>\n\n\n\n<li><strong>Ceasefire on &#8220;life support&#8221;:<\/strong> Earlier warnings continue to fuel escalation fears.<\/li>\n\n\n\n<li><strong>Oil surges:<\/strong> Crude prices rose sharply following Trump&#8217;s comments.<\/li>\n\n\n\n<li><strong>Treasury yields spike:<\/strong> 10-year yields jumped nearly 2% to a near one-year high early Friday.<\/li>\n\n\n\n<li><strong>Trump-Xi summit ends:<\/strong> The president concluded his three-day visit; Xi cited &#8220;progress&#8221; but few concrete details emerged.<\/li>\n\n\n\n<li><strong>China oil deal claim:<\/strong> Trump told Fox News China agreed to buy U.S. oil \u2014 plus Boeing jets, agricultural goods, and Visa access.<\/li>\n\n\n\n<li><strong>Records set Thursday:<\/strong> S&amp;P 500 and Nasdaq hit all-time highs, with the Dow above 50,000.<\/li>\n\n\n\n<li><strong>Vital Knowledge warning:<\/strong> Adam Crisafulli says the SPX is &#8220;unappealing at present levels&#8221; as &#8220;all the positives appear priced in.&#8221;<\/li>\n\n\n\n<li><strong>Hot inflation in focus:<\/strong> This week&#8217;s strong inflation readings raised fears of a hawkish Fed turn.<\/li>\n<\/ul>\n\n\n\n<p>U.S. stock index futures lost ground on Thursday evening after a U.S. official said recent bilateral talks with China did not focus on semiconductor export controls \u2014 dampening hopes for more chip sales to Beijing.<\/p>\n\n\n\n<p>Hawkish comments from U.S. President Donald Trump on Iran also spurred caution, especially as oil prices rose sharply following his comments.<\/p>\n\n\n\n<p>Markets were also spooked by a sharp increase in Treasury yields, amid growing concerns over the inflationary impact of the Iran war. The 10-year yield surged nearly 2% to a near one-year high early Friday.<\/p>\n\n\n\n<p>&#8220;We continue to think the SPX is unappealing at present levels, not because the news isn&#8217;t good, but instead because all the positives appear priced in,&#8221; Vital Knowledge analyst Adam Crisafulli wrote in his Thursday-close note.<\/p>\n\n\n\n<p>S&amp;P 500 futures fell 1.1% to 7,440.50 points by 04:42 ET (08:42 GMT). Nasdaq 100 futures slid 1.5% to 29,224.25 points, while Dow Jones futures fell 0.6% to 49,763.0 points.<\/p>\n\n\n\n<p>Futures retreated after Wall Street hit record highs during Thursday&#8217;s session, buoyed chiefly by Nvidia on the prospect of more sales to China.<\/p>\n\n\n\n<p>But outsized losses in Nasdaq futures on Friday indicated that chips and tech shares were on track for some profit-taking after recent gains.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Greer Says U.S.-China Talks Did Not Cover Chip Export Controls<\/h2>\n\n\n\n<p>Futures turned negative after U.S. Trade Representative Jamieson Greer told Bloomberg TV that Washington&#8217;s chip export controls were &#8220;not a major topic of discussion&#8221; during bilateral talks with China earlier in the day.<\/p>\n\n\n\n<p>His comments came after Reuters reported on Thursday that NVIDIA was allowed by the U.S. to sell its second-most powerful artificial intelligence chip \u2014 the H200 \u2014 to 10 companies in China.<\/p>\n\n\n\n<p>But the report also noted that not a single delivery had been made so far, with the status of Nvidia&#8217;s China sales remaining uncertain. CEO Jensen Huang traveled to China with Trump this week and was seen seeking a breakthrough in chip sales to the country.<\/p>\n\n\n\n<p>Greer said it was up to China as to whether to purchase more U.S. chips.<\/p>\n\n\n\n<p>Nvidia had surged to record highs on Thursday following the Reuters report, also driving sharp gains on Wall Street. The stock fell 1.2% in premarket trade.<\/p>\n\n\n\n<p>The S&amp;P 500 and the Nasdaq Composite hit record highs on Thursday, while the Dow Jones Industrial Average finished above 50,000 points and in sight of its February peak.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Trump, Xi Conclude Second Round of Talks; Iran Warning Weighs<\/h2>\n\n\n\n<p>Trump and Xi concluded a second round of talks on Friday, with Chinese media reports indicating that Trump had left Beijing after a three-day visit.<\/p>\n\n\n\n<p>Xi said the two sides had marked progress toward building a better U.S.-China relationship, Chinese media reported.<\/p>\n\n\n\n<p>But more details on just what trade agreements were reached during Trump&#8217;s China visit remained scant. Beijing had flagged Taiwan as a major point of focus for the talks.<\/p>\n\n\n\n<p>In a Fox News interview aired Thursday evening, Trump claimed that China had agreed to purchase oil from the U.S. after his talks with Xi.<\/p>\n\n\n\n<p>Trump also touted Chinese commitments to purchase Boeing jets, agricultural goods, and to open up the country to Visa, although details remained unclear.<\/p>\n\n\n\n<p>Trump said China was seeking a swift end to the Iran war, and said that he was &#8220;not going to be much more patient,&#8221; urging Tehran to accept a trade deal.<\/p>\n\n\n\n<p>Trump threatened more debilitating military strikes against Iran, after earlier this week warning that the ceasefire was on life support. Oil prices rose sharply on Friday following his comments.<\/p>\n\n\n\n<p>Markets remained on edge over the inflationary impact of the Iran war after a series of strong inflation readings this week. The prints showed that rising energy prices factored into higher living costs for Americans in April, and also sparked fears of a more hawkish Federal Reserve in the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Futures fall sharply: S&amp;P 500 futures dropped 1.1% to 7,440.50, Nasdaq 100 futures slid 1.5%, and Dow Jones futures fell 0.6%. Chip export disappointment: USTR Jamieson Greer said chip export controls were &#8220;not a major topic&#8221; in U.S.-China talks. Nvidia premarket drop: Shares fell 1.2% after surging to record highs Thursday on H200 &hellip;<\/p>\n","protected":false},"author":9,"featured_media":82387,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[],"class_list":["post-127216","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=127216"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127216\/revisions"}],"predecessor-version":[{"id":127217,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127216\/revisions\/127217"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/82387"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=127216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}