U.S. equity futures are firmly in the red this morning as risk-off sentiment dominates trading following reports of Israeli strikes on Iranian territory. Escalating geopolitical tensions in the Middle East have triggered a wave of selling in pre-market trading, with investors seeking safety away from equities.

Index Futures Snapshot

• S&P 500 Futures (ES): Down 1.0%
• Nasdaq 100 Futures (NQ): Down 1.3%
• Russell 2000 Futures (RTY): Down 1.6%

The broad weakness across major indices signals investor caution, particularly toward higher-beta and growth-oriented sectors, as uncertainty abroad adds to existing market pressures.

---

Notable Pre-Market Movers

Adobe (ADBE) – Down 2.0%

Shares of Adobe are giving back early post-earnings gains despite an earnings beat and upbeat guidance. The software giant exceeded expectations on both the top and bottom lines, but broader market sentiment has overwhelmed what was initially a bullish response. Traders appear to be locking in profits amid broader macro-driven selling.

Apple (AAPL) – Down 0.3%

Apple shares are modestly lower despite positive news that the iPhone secured the top spot in China’s smartphone market during May, according to industry trackers. While the news underscores strong demand in a critical region, today’s geopolitical-driven market action is dampening enthusiasm.

Thermo Fisher Scientific (TMO) – Down 1.0%

The life sciences firm is reportedly preparing to divest parts of its diagnostics segment in a transaction that could be worth up to $4 billion. While strategic divestitures can unlock value, investor reaction suggests some uncertainty around the execution or rationale behind the move in today’s risk-off environment.

Tesla (TSLA) – Down 1.5%

Tesla has raised prices for its Model S and Model X variants in the U.S. by $5,000, including the all-wheel drive and Plaid versions. Although price hikes could support margins, the move may also signal demand recalibration or cost pressure, and comes at a time when investors are increasingly focused on volume growth and global competition.

Boeing (BA) – Down 1.0%

Concerns over Boeing deepened as reports emerged that the Indian government is evaluating the possibility of grounding its fleet of 787 Dreamliner aircraft. This adds another layer of uncertainty to the aerospace company’s already challenging regulatory and operational landscape.

Walmart (WMT) – Down 0.6% | Amazon (AMZN) – Down 2.0%

Both retail giants are reportedly exploring the launch of their own stablecoins, signaling deeper interest in the digital currency space. While this move could create new revenue streams and improve transaction efficiency, the sector-wide retreat today is muting investor enthusiasm for longer-term innovation stories.

RH (RH) – Up 20.0%

In stark contrast to the broader market, RH shares are soaring after the company posted an unexpected quarterly profit and revenue beat, coupled with confident full-year guidance. The surprise strength points to resilience in the luxury home furnishings segment and operational discipline, which is winning investor favor.

Synopsys (SNPS) – Down 1.2% | Ansys (ANSS) – Down 2.5%

Shares of Synopsys and Ansys are under pressure following news that Chinese regulators have delayed approval of their planned merger. Regulatory uncertainty surrounding cross-border tech deals continues to weigh on sentiment, particularly in sensitive industries like semiconductors and software.

---

Market Outlook

Today’s pre-market action is heavily influenced by geopolitics, with risk aversion taking center stage. Defensive sectors may attract flows throughout the trading session, while tech and small-cap names could remain under pressure. Traders will be closely monitoring developments in the Middle East and any follow-through in commodity and currency markets as potential indicators of broader investor sentiment.

As always during periods of heightened geopolitical risk, volatility is likely to remain elevated, and intraday reversals are possible as headlines evolve.