Iran, Stocks and futures
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(Editor’s note: The future prices of benchmark tracking ETFs, the lede, the economic data and the headline were updated in the story.) U.S. stocks fell on Thursday, following Wednesday’s sharp rebound.
U.S. stock futures jumped and oil prices fell on Tuesday evening, after President Donald Trump announced a two-week-long cease-fire deal with Iran that would delay a planned American bombing assault on the country and make more time for negotiations between the two sides.
S&P 500 futures slipped about 0.08% in early trading, while Nasdaq 100 futures were down a similar 0.08%. Meanwhile, futures tied to the Dow Jones Industrial Average fell roughly 106 points, signaling a modestly softer start for US equities.
Oil futures are in backwardation due to the Persian Gulf conflict. Markets expect the disruption to be temporary, with a likely resolution. Energy stocks may be attractive during ongoing uncertainty.
Stock index futures were slightly higher on Friday as the core retail inflation figures for March came in slightly cooler than expected.
Stock futures were little changed ahead of an important inflation reading Friday, while oil prices advanced modestly as investors closely monitor Middle East developments.
S&P 500 futures rose slightly on Friday, with the index on pace to post a solid weekly gain, as traders kept an eye on the fragile two-week ceasefire between the U.S. and Iran. Futures linked to the broad market index traded up 0.
US stock futures hit pause on Friday as investors waited for weekend talks that could cement the shaky Iran war ceasefire, with a war-tinged update on US consumer inflation on deck. The release of consumer price index (CPI) data on Friday will show how much consumer prices rose in March as the war stoked a surge in oil prices.