US Stock Market Today: Futures Rise After Nasdaq Correction as Oil Keeps Wall Street on Edge
U.S. stock futures ticked up early Friday, with President Donald Trump’s decision to give a 10-day extension on his deadline for Iranian power plant strikes providing Wall Street with a modest premarket lift. Thursday’s rout had already shoved the Nasdaq into correction territory. Brent crude slipped roughly 0.7% to near $107 a barrel, still elevated enough for traders to remain cautious. Why is this front and center? Crude swings and war news are calling the shots—domestic data isn’t. Reuters flagged that traders have assigned about a 50% probability to a Fed rate hike in September, but now the Bureau of Economic Analysis has delayed the February personal income and outlays report, which includes the PCE price index, to April 9 instead of March 27. So, Friday’s market mood will hinge on oil, fresh comments from Fed’s Thomas Barkin, Anna Paulson, Mary Daly, and any updates out of the Strait of Hormuz.