Stock market today: Dow, S&P 500, Nasdaq recover from bruising sell-off as oil prices fall
Stock futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq recovered from a bruising sell-off, driven by tumbling oil prices and renewed investor risk appetite. US West Texas Intermediate crude futures dropped over 6% to approximately $97 per barrel, while Brent crude futures plunged more than 6% to around $106 per barrel. This market rebound follows a volatile period marked by a massive artificial intelligence sector rout and ongoing discussions regarding the Iran war.
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- ✓ Brent crude futures plunged more than 6% to around $106 per barrel.
- ✓ US West Texas Intermediate crude futures dropped over 6% to approximately $97 per barrel.
What changed
US stock futures climbed in premarket trading, reversing earlier losses alongside a sharp drop in international oil prices.
Live updates
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US Stock Futures Bounce Back as Oil Prices Slide
Stock futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq recovered from a bruising sell-off, driven by tumbling oil prices and renewed investor risk appetite. US West Texas Intermediate crude futures dropped over 6% to approximately $97 per barrel, while Brent crude futures plunged more than 6% to around $106 per barrel. This market rebound follows a volatile period marked by a massive artificial intelligence sector rout and ongoing discussions regarding the Iran war.
Why it matters
Major indices faced heavy downward pressure last week, losing trillions of dollars amid fears over artificial intelligence sector valuations and semiconductor sell-offs. Energy markets are simultaneously reacting to diplomatic talks concerning the Iran war and political fallout following midterm election results. Investors are closely monitoring these intersecting geopolitical and corporate developments during a packed week of earnings and economic reports.
What is confirmed
- Brent crude futures plunged more than 6% to around $106 per barrel.
- US West Texas Intermediate crude futures dropped over 6% to approximately $97 per barrel.
Still unconfirmed
- JD Vance blamed the Republicans' election rout on the Iran war.
- Investors sold off semiconductor stocks ahead of another packed week of earnings, midterm elections, and a key jobs report.
What to watch next
- Upcoming corporate earnings reports
- Results from midterm elections
- Release of the key jobs report
confidence 90%Sources used for this update (15)
- finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
- www.investors.com — Stock Market Data: See Prices For S&P 500, Nasdaq, Dow Jones, SPDR ETFs
- bullstory.io — US Stock Market Today: S&P 500, Nasdaq and Dow | Bullstory
- stocktwits.com — Stocktwits - Stock Market Live Quotes, Social Community...
- Bloomberg — Asian Stocks to Fall as Tech Rout Fuels AI Fears: Markets Wrap
- Reuters — Oil slips more than 1% as talks continue on ending Iran war
- AP News — Asian shares are mixed and US futures advance, while oil prices retreat
- Yahoo Finance — Stock futures jump ahead of a monster week after a $5 trillion AI rout
- WSJ — Stock Market Today: Stock Futures Recover After Friday's Selloff
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures recover from bruising sell-off ahead of busy week
- www.cnbctv18.com — S&P 500, Nasdaq, Dow jump as oil prices tumble ahead of ...
- finance.yahoo.com — Stock market today: S&P 500 and Nasdaq extend tech sell-off ...
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