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As Oil Prices Fall, Stock Futures Increase, and the Nasdaq is Expected to Reach New Records

The Nasdaq Composite continued to rise this week as investors awaited a wave of megacap technology earnings, which caused U.S. equities futures to soar on Monday.

Risk sentiment was bolstered by a decreasing geopolitical climate. Early trade saw a decline in oil prices after Israel’s weekend airstrikes against Iran did not target nuclear or oil facilities as was initially thought.

The Dow Jones Industrial Average-linked futures gained 102 points, or 0.2%. Nasdaq 100 futures increased by 0.5%, while S&P 500 futures gained 0.4%.

At the end of the previous week, the market was divided. A new intraday all-time high was reached by the tech-heavy Nasdaq Composite on Friday. The Dow, however, dropped more than 200 points.

Source (CNBC)

SourceCNBC
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