U.S. Stock Futures Plunge Amid Rising Energy Costs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 09 2026
0mins
Should l Buy CASY?
Source: Benzinga
- Surge in Energy Prices: Brent crude oil prices spiked 14.90% to $106.50 per barrel, while WTI rose 13.27% to $102.96, both nearing their 52-week highs, triggering market panic and negatively impacting stock futures.
- Poor Market Performance: The Dow Jones fell 1.61%, the S&P 500 dropped 1.41%, and the Nasdaq 100 decreased by 1.56%, reflecting investor concerns about economic prospects, particularly amid escalating conflicts in the Middle East.
- Disappointing Economic Data: The U.S. economy lost 92,000 jobs in February, with the unemployment rate rising to 4.4%, indicating a risk of “stagflation” that exacerbates market uncertainty and fragility.
- Fed Policy Expectations: The CME Group's FedWatch tool indicates a 97.3% likelihood that the Federal Reserve will keep interest rates unchanged in March, reflecting investor worries about slowing economic growth.
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Analyst Views on CASY
Wall Street analysts forecast CASY stock price to fall
10 Analyst Rating
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 754.720
Low
530.00
Averages
609.33
High
700.00
Current: 754.720
Low
530.00
Averages
609.33
High
700.00
About CASY
Casey’s General Stores, Inc. and its subsidiaries operate approximately 2,900 convenience stores in 19 states. It offers self-service fuel, a wide selection of grocery items and an array of freshly prepared food items. All convenience stores carry a selection of food items (which at most stores include freshly prepared foods, such as regular and breakfast pizza, donuts, hot breakfast items, and hot and cold sandwiches), beverages, tobacco and nicotine products, groceries, health and beauty aids, automotive products, and other non-food items. It offers a range of fuels, including E-10 gasoline, High Octane gasoline, Biodiesel, Winterized diesel, and Ethanol-free gasoline. It sells a range of tobacco products in-store, including e-cigarettes and vapor, chewing tobacco, nicotine pouches, and rolling papers and accessories. Its card services include Casey's Gift Cards, Casey's Visa Signature Card, and Casey's Business Mastercard & Casey's Business Advantage Card.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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