Stock Market Today: S&P 500, Nasdaq, Dow Futures Fall as Oil Jumps and Iran Ceasefire Wobbles
Stock futures in the U.S. slipped Monday, while oil prices surged after Washington seized an Iranian cargo ship, and Tehran responded by ruling out fresh talks with the U.S. Contracts for the Dow, S&P 500, and Nasdaq 100 dropped 0.45%, 0.41%, and 0.39% respectively. Brent crude, on the other hand, climbed roughly 5%. This shift lands just after Wall Street wrapped up last week at fresh highs. The S&P 500 and Nasdaq each notched new closing records for a third consecutive day on Friday, after Iran’s brief statement that the Strait of Hormuz remained open. That news helped fuel a rally strong enough to wipe away the market’s earlier war-driven losses.