U.S. stock futures are pointing lower in premarket trading on Friday, June 20, 2025, following the market closure for Juneteenth. Investors are weighing President Donald Trump’s statement that he is considering a military strike against Iran. Futures tied to the tech-focused Nasdaq are down 0.2%, while S&P 500 futures are also edging lower.
In contrast, Bitcoin is up nearly 2% and is trading above $106,000. The yield on the 10-year Treasury note has risen, while gold futures are lower. Brent crude prices have fallen by more than 2% to around $77 per barrel after President Trump stated that he would make a decision on whether to launch a military strike against Iran within two weeks.
White House press secretary Karoline Leavitt mentioned there’s “a substantial chance of negotiations” with Iran over the coming days. Accenture shares are down 4% in premarket trading following the company’s report of underwhelming quarterly bookings.
Stock futures dip amid Iran concerns
The professional services firm reported $19.7 billion in bookings, well short of the $21.5 billion analyst consensus. Despite the disappointing bookings, Accenture reported earnings of $3.49 per share on revenue of $17.73 billion, surpassing analyst expectations of $3.29 per share and $17.33 billion in revenue. The company also lifted its full-year revenue forecast, now projecting 6% to 7% growth and raising its EPS estimate to $12.77 to $12.89.
Home Depot is reportedly attempting to purchase GMS, a building-products distribution company. The Wall Street Journal did not specify a price but indicated GMS has a market capitalization of around $3.1 billion. On Wednesday, QXO offered to buy GMS for $95.20 per share, an 18% premium to GMS’s previous closing price.
As a result, GMS shares have soared 30% in premarket trading, while QXO shares are up 1% and Home Depot stock is edging lower. Circle Internet Group shares are up 6% in premarket trading following the Senate’s passage of legislation that expands the use of stablecoins by banks, firms, retailers, and others. Circle, the largest U.S.-based stablecoin issuer, saw its shares rise significantly upon their June 5 debut.
