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US stock futures dip amid US-Iran tensions; mixed earnings reports from Snowflake, Salesforce, Costco in focus

Market News
28 May 2026
Rishabh Mishra
View Source
Neutral
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US stock futures fell following US strikes on Iranian drone sites near the Strait of Hormuz, heightening Middle East tensions. Major indices showed slight declines, with the Russell 2000 small-cap index down. Earnings reports drew attention: Snowflake surged after beating revenue estimates, Salesforce dropped on soft guidance despite strong earnings, and Costco edged up ahead of its earnings release. Analysts remain cautiously optimistic about the US market, noting strong economic growth but a restrictive monetary policy outlook. Investors also watch upcoming economic data and global market movements amid geopolitical concerns.

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