US Stock Market Live: Dow futures fall 150 points pressured by UnitedHealth; Asian indices lower

Oil fell for a second day following a report Iran is willing to forgo nuclear weapons in a deal with the US in exchange for sanctions relief.

Brent dropped toward $65 a barrel, after declining 0.8% on Wednesday, while West Texas Intermediate traded near $62. Iran is ready to sign an agreement with certain conditions, NBC reported, citing Ali Shamkhani, a top adviser to the OPEC nation’s supreme leader.

Crude declined Wednesday after government data showed US stockpiles rose the most since March, ending a four-day rally that had seen it gain almost 10%. The advance had been driven by the trade truce between China and the US and President Donald Trump’s increasingly hostile rhetoric on Iranian supply.

Stocks in Asia fell on Thursday for the first time in five sessions as the rally on Wall Street sparked by US-China trade talks showed signs of exhaustion.

Japanese and Australian stocks edged lower, while a gauge of US-listed Chinese companies climbed 1.2% on Wednesday. Tencent Holdings Ltd.’s revenue grew at its fastest pace in more than three years.

An index of the dollar rose Wednesday, reversing selling pressure earlier in the session as Bloomberg News reported the US is not working to include currency policy pledges in trade accords. Gold steadied on Thursday after falling 2.3% to a one-month low in its previous session. Oil fell for a second day after a government report showed US crude inventories rose the most in two months.

Wall Street’s epic rebound from April’s meltdown is showing signs of exhaustion on speculation stocks have run too fast amid risks stemming from a trade war to an economic slowdown and sticky inflation.

After a 22% jump from last month’s intraday lows, the S&P 500 edged up just 0.1%. Most sectors fell, but big tech climbed. Boeing Co. gained on its largest-ever deal, with Qatar Airways placing an order for long-range jets during a visit to Doha by Donald Trump.

The Nasdaq 100 added 0.6%. The Dow Jones Industrial Average lost 0.2%. A gauge of the “Magnificent Seven” megacaps climbed 1.7%.

The dollar erased losses as Bloomberg News reported the US is not working to include currency policy pledges in trade accords. Bond yields rose as Federal Reserve rate-cut bets receded.

US stock futures, particularly the Dow Jones are trading under pressure, as the risk-on rally appeared to have faltered on Wall Street.

The Dow Jones futures are down 200 points, while those on the S&P 500 and Nasdaq are trading just below the flat line.

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Futures are taking a breather after the S&P 500 and Nasdaq gained for the third straight day on Wednesday. Dow Jones continued to underperform.