Oil Up, Stock Futures Slip as Iran Offer Rejected: Markets Wrap
Oil advanced and US equity futures slipped after President Donald Trump rejected Iranโs latest proposal to reopen the Strait of Hormuz, while saying negotiations may resume this week.
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Oil advanced and US equity futures slipped after President Donald Trump rejected Iranโs latest proposal to reopen the Strait of Hormuz, while saying negotiations may resume this week.
Equity futures climbed in New York as oil and Treasury yields pulled back from the recent surges ahead of key data on inflation expectations.
Stock futures slumped Thursday amid a surge in bond yields and a fresh climb in oil prices, which is dragging down the broader market despite renewed optimism about AI after Meta Platforms Inc.โs rollout of a popular new tool.
US equity futures are climbing as oil prices slide and as officials signaled optimism about a summit between US President Donald Trump and Chinaโs Xi Jinping this week.
US equity futures fell and oil advanced as investors weighed renewed concerns over the pace of AI development against hotter-than-expected US inflation that bolstered bets the Federal Reserve may raise interest rates on Wednesday.