U.S. stock futures were little changed Wednesday after all three major indexes closed at fresh records during the regular session. Futures for S&P 500 futures and Nasdaq 100 traded down 0.1% and up 0.2%, respectively, while futures tied to the Dow Jones Industrial Average lost 123 points, or 0.3%. Late Tuesday, the Kuwaiti army said in a social media post that air defense systems were “intercepting hostile targets.” U.S. Central Command later said that American forces defeated Iranian ballistic missiles and drones, and they also carried out “self-defense strikes” on Qeshm Island “in response to attempted attacks by Iran across the Middle East.” President Donald Trump also said Iran agreed to not have nuclear weapons but added, “They can change their mind.” The major averages notched new record closes on Tuesday. The broad-based S&P 500 rose 0.13% to end above 7,600 for the first time ever, while the Dow added 228.91 points, or 0.45%. The Nasdaq Composite eked out a gain of 0.03%. Meghan Shue, head of investment strategy at Wilmington Trust, noted that if the S&P 500 ends this week higher, it would mark the 10th straight positive week in a row, the longest positive streak since 1985. She believes that as summer begins, stocks could be due for a bit of a breather ahead. “The momentum has been incredibly strong. It’s for a lot of good reasons and a lot of optimism, as well as really strong demand around the AI investment cycles. But still we are moving into a period, sort of moving past earning season, which has been a tremendously positive catalyst for the markets,” she said on CNBC’s “Closing Bell” on Tuesday afternoon. “Now we are left with kind of the summer lull. Trading activity might slow a little bit, and we still have a lot of geopolitical risk on the horizon.” “I’m not necessarily calling for a sharp reversion in the market, but I think it makes a lot of sense to see it pause here, or even pull back slightly and introduce a little bit more volatility as we move into the summer months,” Shue added. U.S. Treasury yields edged higher on Wednesday as traders await a fresh batch of domestic economic data, while events in the Middle East also continue to weigh on market sentiment. The yield on the 10-year Treasury note—the main benchmark for mortgages, auto loans, and credit card debt—was more than 2 basis points higher at 4.479%. The yield on the 2-year Treasury note, which typically reacts in line with short-term Federal Reserve interest rate decisions, rose more than 2 basis points to 4.072%. The 30-year Treasury yield, which traditionally moves on geopolitical events, was up more than 1 basis point at 4.984%. Asia-Pacific markets rose Wednesday, with Japan’s Nikkei 225 hitting a record high, as investors appeared to look past uncertainty over U.S.-Iran negotiations aimed at ending the Middle East conflict. Japan’s Nikkei 225 ended Wednesday’s trading session 2.50% higher at 68,402.13, while the Topix added 1.83% at 3,996.20. Mainland China’s CSI 300 rose 0.49% to 4,938.81, while Hong Kong’s Hang Seng was down 1.62% in its last hour of trade. Australia’s S&P/ASX 200 rose 0.70% to 8,785.70. India’s Nifty 50 fell 0.83%, while the BSE Sensex was down 0.90% as of 3:40 a.m. ET. South Korea’s markets were closed for a holiday. Oil prices rose Wednesday as investors weighed uncertainty over U.S.-Iran talks with the two countries launching fresh strikes Tuesday, even as President Donald Trump said negotiations with Tehran were ongoing. West Texas Intermediate futures for July delivery gained more than 2% to $96.23, while international benchmark Brent crude for August delivery also advanced 2% to $98.27 per barrel. Gold fell on Wednesday, weighed by ​a stronger dollar and rising ​oil prices as ​continuing conflict in the Middle East dimmed hopes for a swift resolution to the U.S.-Iran conflict. Spot gold fell 0.8% to $4,449.19 per ounce. U.S. gold ⁠futures ‌for August delivery slipped 0.9% to $4,478.40. “Gold is under pressure, knocking on the $4,450 support level due to renewed clashes in the Middle East. Fading hopes of an ​imminent U.S.-Iran peace deal are likely to keep oil prices elevated,” said Lukman Otunuga, senior research analyst at FXTM.