U.S. Stock Market Today: Wall Street Beats Global Peers as Iran War Sends Oil Prices Higher
U.S. stock index futures slipped ahead of Friday’s open, with the war involving Iran continuing to lift oil prices and stoke inflation fears. Shares of American Airlines dropped around 1% in premarket action, while Marvell Technology surged 12% on the back of a bullish long-term sales outlook. Occidental Petroleum advanced 2%. Despite all this, Wall Street still outperformed both Europe and Asia for the week. The Nasdaq managed to stay positive on the week, bolstered by a turnaround in tech stocks and optimism that the U.S.—thanks to its net oil exporter status—might weather the shock better than others.
