US Stock Market Open Today: Oil Nears $120, Futures Slide and Fed Cut Bets Fade
U.S. stock futures fell sharply Monday as oil neared $120 a barrel, stoking inflation fears amid ongoing Middle East conflict. February jobs data showed a loss of 92,000 jobs and unemployment rising to 4.4%. Brent crude briefly hit $119, and the VIX touched its highest level since April 2025. G7 finance ministers plan to discuss a coordinated emergency oil release.