HomeFinancial MarketsFutures Decline and Oil Jumps Amid Rising Mideast Fears

Futures Decline and Oil Jumps Amid Rising Mideast Fears

U.S. futures slipped on Wednesday morning as investors’ fears surrounding the Israel-Hamas conflict continued to soar. Futures on the Nasdaq 100 fell by as much as 0.5% while those on the S&P 500 declined by 0.3%. Contracts listed on the Dow Jones Industrial Average were down by 0.2%.

Oil prices jumped by 3% after an explosion in a hospital in Gaza escalated tensions. Crude oil rose to $89.22 a barrel while Brent crude hit $92.39 per barrel. This price rise has convinced investors to refocus on the Federal Reserve’s potential next moves regarding its fiscal policy.

Looking forward, investors are awaiting the quarterly results of Procter & Gamble and Morgan Stanley, both of whom are expected to release their reports before the opening bell on Wednesday. Tesla and Netflix are among the tech giants set to release their earnings later in the day.

Stocks Continue Slide as Israel-Iran Tension Ensues

Stocks on the New York Stock Exchange continued their drop-off on Friday as investor anxiety rose following Israel's retaliatory strike against Iran. Market composure...

United Airlines Stock Jumps 14% After Strong Q1 Results and Optimistic Projections for Q2

Following a strong first-quarter earnings report, United Airlines saw its stock jump 14% on Wednesday. Investors were also intrigued by the company’s optimistic projections...

iPhone Shipments Drop By 10%, Get Overtaken By Samsung as World’s Largest Phone Seller

2024 is shaping up to be a challenging year for tech giant Apple. The company saw its iPhone shipments drop by almost 10% in...