U.S. futures gyrate ahead of Trump’s Strait of Hormuz deadline
This image was generated by AI and may not depict real events.
US stock market futures were volatile on Tuesday as investors awaited a deadline for Iran to reopen the Strait of Hormuz. The Dow futures contract was mostly unchanged, while S&P 500 and Nasdaq 100 futures declined slightly, amid concerns over the conflict's impact on the US economy and global oil supplies.
US stock market futures were mixed on Tuesday. The Dow futures contract was unchanged, while S&P 500 futures fell 0.1% and Nasdaq 100 futures declined 0.2%. The US services sector expanded at a slower rate in March, with employment contracting and prices paid spiking. Oil prices remained high, with Brent crude futures at $110.11 a barrel and US West Texas Intermediate crude futures at $113.82 a barrel. The Strait of Hormuz, a vital waterway, has been largely shut off for tankers, fueling fears over global crude supplies. Broadcom shares rose after the company signed a deal with Google to develop custom AI-optimized processors.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.