Stock index futures drift with oil back on rise
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U.S. stock futures rose on Friday after closing lower on Thursday. Futures of all the major benchmark indices were positive. Wall Street is waiting for the fourth-quarter GDP data, scheduled for release later today,
Major stock indexes fell Friday to post losses for a second straight week after a weak jobs report, while oil futures soared as the war in the Middle East intensified.
Oil prices Wednesday paused their recent surge, supporting a rebound in European and US stocks, as investors hold hope for limited long-term disruptions to energy markets and monitor developments in the Middle East.
Why are US stock market index futures down today and Dow Jones, S&P 500 and Nasdaq in red now? Wall Street futures moved lower as investors reacted to Middle East war developments, rising oil prices and inflation concerns.
Global investors reacted to the weekend strikes in the Middle East by selling U.S. stocks in futures markets. Some assets may benefit, however.
Wall Street is eyeing another record session as U.S. stock futures pointed higher on Sunday, while the bond market digested the results of Japan’s snap election over the weekend. Futures tied to the Dow Jones industrial average rose 100 points, or 0.20%.
Investing.com - Futures linked to Canada’s main stock exchange ticked higher on Wednesday, buoyed by an increase in oil and gold prices as the conflict in Iran stretched into a fifth day. By 06:46 ET (11:46 GMT), the S&P/TSX 60 index standard futures had risen by 11 points, or 0.5%.
U.S. stock futures have been sinking since Friday's employment report showed the U.S. economy lost 92,000 jobs last month. Altogether it painted a much darker picture of the labor market than economists had expected.