Premarket: Wall Street futures pause near record highs as oil climbs on Middle East stalemate
U.S. stock index futures are experiencing a pause near record highs as rising crude oil prices and ongoing Middle East tensions weigh on market sentiment. Brent crude futures increased by 1.6% following an Iranian missile attack on Kuwait's airport and U.S. military strikes near the Strait of Hormuz. Despite these challenges, Wall Street's rally has been supported by positive corporate earnings and expectations of sustained AI spending.
- ▪Brent crude futures rose 1.6% to US$97.56 a barrel amid escalating Middle East conflict.
- ▪U.S. stock indexes closed at record highs on Tuesday, with the S&P 500 surpassing 7,600 for the first time.
- ▪Elon Musk's SpaceX is set to price its IPO at US$135 per share, aiming to raise US$75 billion.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountU.S. stock index futures stalled near record highs on Wednesday as rising crude oil prices weighed on sentiment, with a flare-up in the Middle East conflict signaling little progress in efforts to end the months-long war.Brent crude futures rose 1.6 per cent to US$97.56 a barrel after an Iranian missile attack damaged Kuwait’s airport and the U.S. military carried out strikes near the Strait of Hormuz, raising the risk of further supply disruption that could stoke broader inflation.“It is not in the interest of either the U.S. or Iran to go back towards fighting and bombing.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
Discussion
0 commentsMore from The Globe and Mail
