US stock index futures rise after oil drop, recent equity selloff
SPY•US stock index futures rose early Monday after a recent selloff, while oil futures fell about 6% on hopes for a deal to end the Iran war.
1. Futures rise, oil falls
US stock index futures were higher early Monday after a recent market selloff, as oil futures fell about 6% on hopes for a deal to end the Iran war. Higher oil prices have fueled inflation worries that weighed on the market this year.
2. Investors watch upcoming events
Friday’s Nasdaq decline was its biggest one-day drop, as earnings reports fueled concerns about AI spending and how long the AI boom can last. Investors will watch Tuesday’s US midterm election results and the monthly US jobs report due Friday.
