U.S. Stocks May See Further Downside As Trump Declares Iran Ceasefire ‘Over’

After ending the previous session mostly lower, stocks are likely to see further downside in early trading on Wednesday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.6 percent.

Concerns about the re-escalation of the conflict in the Middle East are likely to weigh on Wall Street after President Donald Trump declared the U.S.-Iran ceasefire “over.”