Early on Monday, stock futures saw a minor recovery as the oil price increase brought on by the intensifying conflict between Iran and Israel temporarily subsided.
Because investors were still worried about the growing geopolitical danger to the world economy, stock gains were modest.
Futures for the Dow Jones Industrial Average increased by 0.4%, or 157 points. In contrast, Nasdaq 100 futures increased 0.5% and S&P 500 futures advanced 0.4%.
Following an overnight session in which it traded above $77 per barrel, WTI crude oil futures dropped 0.47% to $72.64 per barrel.
Following Friday’s Israeli raid on Iran, traders have been keeping a careful eye on the Middle East. Iran responded by launching missiles, intensifying the regional confrontation.
Source (CNBC)
