Stock Market: Will S&P 500 Open Up or Down Today?
Key takeaways
- S&P 500 futures are up 0.11% as of late-night trading, with oil prices continuing to rise.
- S&P 500 futures up 0.11%
- Nasdaq-100 futures up 0.25%
- Dow Jones futures up 0.01%
What happened
S&P 500 futures are up 0.11% as of late-night trading, with Nasdaq-100 futures up 0.25%. Dow Jones futures and Russell 2000 futures also ticked up 0.01% and 0.06%, respectively. Oil prices continue to rise, with Brent crude futures hitting $89.65 per barrel and WTI crude futures rising to $84.00 per barrel.
Why it matters
The S&P 500's performance is influenced by the ongoing Middle East conflict, which has escalated tensions and led to a suspected Houthi attack killing four crew members in the Bab el-Mandeb Strait. Investors are also bracing for Wednesday's earnings reports, with tech and semiconductor names like Cisco Systems Inc.…
Short-term and longer-term
Short-term. S&P 500 futures are up 0.11% as of late-night trading, with oil prices continuing to rise.
Longer-term. Over the next few months, ask whether this changed growth, prices, or the path of interest rates.