Stock futures edged higher Friday, while crude oil prices declined, as traders monitored the ongoing conflict in the Middle East and the fragile ceasefire between Iran and the U.S.
S&P 500 futures and Nasdaq 100 futures each rose by 0.1%. Futures linked to the Dow Jones Industrial Average increased by 81 points, or 0.2%.
Meanwhile, West Texas Intermediate (WTI) crude fell over 2%, trading at $86.89 per barrel. Brent crude also dropped 2%, settling at $91.80.
These movements followed reports that Iran’s armed forces launched missiles late Thursday, as President Donald Trump considered the possibility of extending the ceasefire.
Stocks are coming off a record setting session after the U.S. and Iran agreed to a 60 day memorandum of understanding to extend the ceasefire, providing some relief amid ongoing tensions.
Source (CNBC)
