U.S. stock futures fall, oil rises ahead of a busy week for Wall Street
U.S. stock-index futures fell on Sunday as oil prices rose ahead of a busy week for Wall Street, with earnings reports from five 'Magnificent Seven' megacap tech companies and the Fed's interest-rate-setting committee meeting. The S&P 500 and Nasdaq closed at record highs on Friday, with both indexes notching their fourth straight weekly gains.
U.S. stock-index futures dropped on Sunday as oil prices rose ahead of a key week for Wall Street. Dow Jones Industrial Average futures were down about 145 points, or 0.3%. The coming week will see earnings reports from five megacap tech companies, including Alphabet, Microsoft, Amazon, Meta, and Apple. The Fed's interest-rate-setting committee will meet Tuesday and Wednesday, with Jerome Powell speaking after its conclusion. Oil prices rose 2% after plans for new talks between the U.S. and Iran collapsed. Bitcoin rose over the weekend, trading above $78,000.
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