U.S. stock futures traded lower on Wednesday morning as investors assessed updates on the Iran conflict and rising oil prices. Meanwhile, the February consumer price index (CPI) rose 2.4% year-over-year and 0.3% compared to the previous month, in line with expectations. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.12%, 0.16%, and 0.30%, respectively, at 8:46 a.m. EST on March 11.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade QQQDuring Tuesday’s regular trading, the three major indexes closed mixed amid the U.S.-Iran conflict. The S&P 500 and the Dow Jones fell 0.21% and 0.07%, respectively, while the Nasdaq Composite edged up slightly.
Meanwhile, West Texas Intermediate (WTI) crude rose 4.6% to $87.22 per barrel, while Brent crude was up 4.3% to $91.63 per barrel on Wednesday, at the time of writing.
Turning to trending stocks, Oracle (ORCL) shares rose 10% in Wednesday’s pre-market trading after the cloud infrastructure company reported impressive fiscal third-quarter results and raised its Fiscal 2027 revenue guidance. Also, Nike (NKE) stock rose 2% after Barclays upgraded the athletic footwear and apparel retailer to Buy, citing a better risk/reward profile amid operational improvements. Furthermore, Nebius (NBIS) stock rallied 10% after the AI infrastructure company announced a $2 billion investment by chip giant Nvidia (NVDA).
In contrast, AeroVironment (AVAV) stock fell 10% after the defense tech company announced dismal third-quarter results.