Stock futures fell on Wednesday as traders braced for further losses starting in October amid rising tensions in the Middle East.

A future connected to Dow Jones Industrial Average Lost 162 points, or 0.4%. S&P 500 futures And Nasdaq-100 futures It fell 0.2% and 0.1% respectively.

Nike After the sneaker giant slipped more than 5 percent. Draw your entire year’s guidance Before its CEO change. Tech also struggled with intelligence darlings the other day. Nvidia Slipped around 1% before the bell.

The critical averages are coming a Losing the session As rising tensions in the Middle East dampened risk appetite and investor enthusiasm for the new trading cycle. gave Dow Over 170 points fell, while S&P 500 And Nasdaq Composite fell 0.9% and 1.5% respectively.

These actions have taken place after Iran. Launch ballistic missiles at Israel.. Investors face further uncertainty as Israel begins Ground operations in Lebanon And tensions rose with Iran-backed militant group Hezbollah.

“How long we came to the day with problems Port strike Ryan Detrick, chief market strategist at the Carson Group, said that would affect markets and potential economic growth, but those concerns quickly shifted to the Middle East. Which could definitely be a big October surprise.”

Ahead of Friday’s key September jobs report, Wall Street will get insight into the state of private payrolls with ADP’s employment survey on Wednesday. Friday’s nonfarm payrolls report could play a role in market direction and the Federal Reserve’s next rate move as its cutting cycle begins.

Correction: Ryan Detrick is chief market strategist at The Carson Group. The old version incorrectly identified the firm.