US stocks poised for weaker open amid renewed oil market volatility: Dow Jones, S&P, Nasdaq, Wall Street futures
US stocks ended a volatile trading session with minimal changes as investors weighed the potential end to the Iran war. The Dow Jones and S&P 500 lost earlier gains, while the Nasdaq closed just above the flatline, as oil futures trimmed losses after the White House clarified its stance on the Strait of Hormuz.
US stocks had a mixed close on Tuesday. The Dow Jones and S&P 500 lost nearly 0.1% and 0.2%, respectively. The Nasdaq closed just above the flatline. Oil futures initially fell sharply but trimmed losses after the White House said it did not escort an oil tanker through the Strait of Hormuz. The critical waterway has been at a standstill since the war broke out. Key inflation readings are due this week, including the Consumer Price Index and Personal Consumption Expenditures index. Oracle and Adobe are set to report earnings.
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