India, June 13 -- After moving modestly higher over the course of the previous session, stocks are likely to show a significant move back to the downside in early trading on Friday. The major index futures are currently pointing to a notably lower open for the markets, with the S&P 500 futures down by 0.9 percent.
Geopolitical concerns are likely to weigh on Wall Street early in the session after Israel launched a series of airstrikes against Iran earlier this morning.
The Israeli airstrikes targeting nuclear facilities and ballistic missile factories killed at least three of Iran's senior military leaders.
Iran retaliated by launching more than 100 drones toward Israeli territory, which the Israel Defense Forces said they are working to...