Stock Futures Tumble on Report of Iran Attack on US Warship

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. S&P 500 futures fell 0.4% and contracts tied to the tech-heavy Nasdaq 100 were 0.5% lower. The S&P and the Nasdaq closed at records on Friday, powered higher by a surge in software stocks.