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Stock market today: Dow, S&P 500, Nasdaq futures rise entering shortened week featuring jobs data, war uncertainty
US stock futures rose Monday morning as Wall Street headed into an Easter-shortened trading week, with investors bracing for fresh economic data amid lingering consumer uncertainty.
Contracts linked to the Dow Jones Industrial Average (YM=F) edged higher by 0.3%, S&P 500 (ES=F) and Nasdaq 100 futures (NQ=F) both rose 0.4%.
Oil prices climbed on Monday, with Brent (BZ=F) rising 3% to $108 a barrel. West Texas Intermediate (CL=F) followed, gaining nearly 2% to trade just above the $100 mark.
In an exclusive interview with the Financial Times, President Trump said that his “preference would be to take the oil”, comparing the move to Venezuela, with the US intending to control the oil industry in Iran “indefinitely.”
Stock futures inch higher ahead of a holiday-shortened trading week: Live updates
U.S. equity futures traded higher early Monday as investors kick off a holiday-shortened week of trading.
Futures tied to the Dow Jones Industrial Average added 68.5 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures were up 0.28% and 0.29%, respectively.
The three major averages sank on Friday. The Dow Jones Industrial Average tumbled 793.47 points to 45,166.64. The S&P 500 dropped 1.67% to a seven-month low of 6,368.85, notching its fifth-straight weekly decline. The Nasdaq Composite declined 2.15% to 20,948.36.
The Dow losses pulled it into correction territory, joining the Nasdaq, which entered a correction the day before. As the war in Iran stretches into a fifth week, investors who had been hopeful for a quick resolution are growing increasingly uneasy about the real-world fallout from the conflict.
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