U.S. Stock Futures Lower as Investors Weigh Oil Prices Against Geopolitical Risks
Stock futures are lower as investors balance oil prices against still-elevated geopolitical risk. The move follows a series of volatile sessions where markets have swung sharply based on headlines tied to the Middle East conflict and energy supply disruptions. Reports of fresh attacks on Iranian energy infrastructure have already caused intraday swings in both oil and equity futures.At the same time, investors are closely focused on the Federal Reserve, which is expected to hold interest rates steady but could shift its forward guidance in response to the recent energy-driven inflation shock. Rising fuel costs are keeping inflation expectations elevated, and markets are beginning to question whether rate cuts will be pushed further out or reduced altogether if oil remains above $100. Adding fuel to expectations that the Fed may remain on hold is this morning's data that showed that U.S. wholesale inflation rose more than expected in February.In pre-market trading, S&P 500 futures fell 0.41%, Nasdaq futures fell 0.37% and Dow futures fell 0.46%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Coupangup 1% after announcing that its collaboration with Nvidiahas helped Coupang create an "AI factory" which is accelerating new innovations across the company's e-commerce logistics and delivery servicesUP AFTER EARNINGS -InspireMDup 14%Macy'sup 6%Spire Globalup 3%DOWN AFTER EARNINGS -SailPointdown 12%Weibodown 4%Lululemondown 2%Jabildown 2%One Stop Systemsdown 2%General Millsdown 1%Cibusup 1%LOWER -Trade Deskdown 5% after AdAgePublicis Groupeis telling clients it will no longer recommend Trade Deskas a demand-side platform for digital media buying following a recently completed audit
