U.S. stock futures were slightly lower Monday night as oil prices remained up more than 2%, even after cooling from earlier highs. Traders are watching the latest news from the U.S.–Iran war. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were slightly lower by 0.38%, 0.23%, and 0.22%, respectively, at 12:05 a.m. EST on March 17.
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Forget margin or options. Here's how the pros trade QQQAt the time of writing, Brent crude (CM:BZ) is up 2.82% to $103.02 a barrel, while West Texas Intermediate crude is up 2.56% at $95.85 a barrel.
Earlier in the day, stocks rallied as crude prices eased from last week’s surge tied to the U.S.-Iran conflict. The S&P 500 rose 1% after hitting a year‑to‑date low on Friday. Also, the Dow and the Nasdaq climbed 1.2% and 0.8%, respectively.
Looking forward, investors await earnings reports from some major companies, including Lululemon (LULU), DocuSign (DOCU), and Oklo (OKLO).