Dow, oil and Iran
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The gyrations continue with U.S. stock-market futures now pointing to opening losses, with the Dow contract down nearly 200 points and the S&P 500 contract falling 0.4%. As volatile as Tuesday has been,
US stock index futures dropped sharply on Monday as surging oil prices and escalating tensions in the Middle East heightened concerns about inflation and the risk of a broader economic slowdown. Futures tied to the Dow Jones Industrial Average fell more than 523 points in early trading,
Major stock indexes erased sharp declines and closed higher Monday as President Donald Trump told CBS News that "the war is very complete, pretty much." The price of oil fell.
Traders watched rising geopolitical tensions and worried the U.S.-Iran conflict could go on longer than anticipated.
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Futures fell as oil prices kept rising amid tanker attacks and port disruptions amid the Iran war. Nvidia, Oracle news lifted AI stocks on Wednesday.
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Oil jumped despite the largest-ever reserve release, with WTI settling above $87 per barrel and Brent near $92. ć»Geopolitical risks intensified after U.S. forces sank 16 Iranian mine-laying ships near the Strait of Hormuz.
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Dow Jones Futures: President Trump's comments on Iran sparked a stock market reversal Monday, as oil prices spiked lower.