U.S. stock futures declined on Wednesday evening as investors reacted to the escalating geopolitical tensions in the Middle East and renewed volatility in energy markets. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.28%, 0.26%, and 0.25%, respectively, at 6:13 p.m. EDT on March 11.
Claim 30% Off TipRanks
New trading tool for QQQ bullsAlso, major stock indices ended mostly lower on Wednesday’s regular trading session. The Dow and the S&P 500 fell 0.6% and 0.1%, respectively, while the Nasdaq inched up 0.1%.
Crude oil prices surged over 4% today, with Brent crude trading near $92 a barrel. While the International Energy Agency (IEA) announced a record release of 400 million barrels from strategic reserves to stabilize supply, traders remain concerned about potential long-term disruptions.
Key economic reports due tomorrow include initial jobless claims, building permits, and housing starts. Also, investors await earnings reports from Adobe (ADBE), Li Auto (LI), Lennar (LEN), Dollar General (DG), and Ulta Beauty (ULTA).