U.S. stock futures slip as Middle East tensions lift oil before inflation data

  • U.S. stock futures fell as renewed Middle East hostilities pushed oil prices higher.
  • Brent crude futures rose 2.25% to $99.18, their highest since July 24.
  • CPI data is due Friday after PPI figures arrive Thursday.

U.S. stock futures declined on Tuesday as renewed Middle East hostilities pushed oil prices higher and investors prepared for inflation data due later this week. Dow E-minis fell 0.89%, S&P 500 E-minis dropped 0.39% and Nasdaq 100 E-minis declined 0.18% at 4:48 a.m. ET. Brent crude futures rose 2.25% to $99.18, their highest since July 24, while energy stocks advanced in premarket trading. The market is focused on the Producer Price Index report due Thursday and the Consumer Price Index report due Friday after investors reassessed interest-rate expectations following comments from Federal Reserve Governor Christopher Waller and a stronger-than-expected jobs report. Traders see a 58.4% chance of an increase this month, according to the CME FedWatch tool. The U.S.-Iran war, now in its seventh month, continues to weigh on equities as Yemen's Tehran-backed Houthis attacked energy facilities and cities in Saudi Arabia and Israel struck a southern Lebanese town. Crypto stocks fell as Bitcoin retreated from $80,000, while chipmakers gained on optimism about artificial intelligence.

本网站上的信息是使用AI生成的,我们无法保证其准确性。 请仅作为参考信息使用。
U.S. stock futures slip as Middle East tensions lift oil before inflation data - CoinPost Terminal