U.S. equity futures traded lower on Friday, the day after the S&P 500 closed at a record high, as rising tensions between the U.S. and Iran kept investors cautious.
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Dow Jones Industrial Average futures were lower by 0.2 percent, S&P 500 futures slid 0.3 percent and Nasdaq futures were off 0.4 percent.
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President Trump had approved a military strike against Iran in retaliation for the downing of a U.S. surveillance drone — which the administration said was flying in international airspace — but called off the attack at the last minute.
U.S. crude futures were higher by 0.51 percent to $57.36.
The yield on the 10-year Treasury edged up slightly to 2.03 percent.
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Chipmakers were under pressure after Britain’s IQE Plc warned on full-year revenue, citing the impact of the Huawei ban. That sent shares of Intel, Micron Technology and Advanced Micro Devices lower.
Slack Technologies was adding to gains a day after the workplace messaging platform soared nearly 50 percent in its market debut.
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In Asian markets on Friday, China’s Shanghai Composite added 0.5 percent on the day and gained 4.2 percent for the week. Hong Kong’s Hang Seng slipped 0.3 percent but gained 5 percent for the week. Japan’s Nikkei fell 1 percent but rose 0.7 percent for the week.
In European trading, London’s FTSE added 0.2 percent, Germany’s DAX was lower by 0.1 percent and France’s CAC was unchanged.
