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Stock Futures Drop on Report of Iran Attack on US Warship

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Stocks were to drop on Monday after Iranian state media said missiles had hit a U.S. warship in the Strait of Hormuz, stoking fears that the war in the Middle East could escalate again.

Futures tracking the Dow Jones Industrial Average slumped 194 points, or 0.4%. S&P 500 futures fell 0.1% and contracts tied to the tech-heavy Nasdaq 100 were broadly flat.

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