Stock market today: Dow leads slip in US futures as Mideast caution grips investors

US stock futures continued to retreat on Wednesday as escalating Israel-Iran tensions fanned worries about a wider Middle East conflict, prompting caution in the market.as geopolitical concerns grip the market, dispelling the upbeat mood around hopes for US interest-rate cuts. At the same time, oil hasIn focus are the chances the run-up in oil prices could push up US inflation, disrupting the progress made by the Federal Reserve.

Given that, a reading on ADP private payrolls due later Wednesday is likely to feed into expectations for Fed rate cuts, in the wake offor the year, having fallen short on first quarter revenue. "We have yet to turn the corner," its CFO told analysts on a conference call.John Foley, the former M&G Investments chief executive, is to become the next chairman of an early-stage investor which counts the location-mapping company What3Words among its portfolio.

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