Tech-led August rally tempered by U.S.-Iran tensions

Futures dipped after the U.S. strike on Iranian rocket launchers rekindled risk worries, with Asia mostly lower even as August’s tech-led U.S. rally puts the Dow, S&P 500, and Nasdaq up for the month. Oil climbed on the news while yields remain high amid inflation concerns. Investors eye Friday’s jobs data and other manufacturing/services data; Jefferies says Treasury action could support bonds and risk assets, keeping a constructive view on stocks and bonds.