Equity Index futures showed a mixed performance as the S&P 500 hovered near the flatline for the year. Financials faced pressure amid rising tensions between the U.S. and Iran, which also drove WTI Crude Oil futures higher. In economic news, weekly jobless claims fell to 206,000, though continuing claims rose to 1.87 million. The December trade deficit widened to 70.3 billion, a significant jump from the previous month. Market participants are focused on the upcoming PCE report, with notable volume in Nasdaq-100 call options and E-mini Russell 2000 put spreads. Additionally, CME Group announced that 24/7 trading for regulated cryptocurrency futures and options is scheduled to begin May 29, following a 46% year-to-date increase in average daily volume for crypto products.
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