EUAD is trading at $41.53 (down 3.4%) in pre-market sessions as escalating geopolitical tensions in the Middle East reverse the previous day's relief rally.
- Iranian officials denied ceasefire claims and threatened to close the Strait of Hormuz, sparking renewed concerns over regional stability and military assets.
- The decline follows a 5.52% gain on April 1, with the aerospace & defense sector now facing pressure as defensive positioning replaces previous optimism.
- Broader U.S. futures are trading sharply lower, with the S&P 500 down 1.26% and the NASDAQ falling 1.62%.