Wall Street futures slip as oil hits $100 a barrel

U.S. stock futures fell Tuesday as oil prices near $100 a barrel amid the Middle East conflict, raising inflation concerns ahead of the Federal Reserve’s two-day meeting.

Tech stocks cooled after Monday’s rebound, led by Nvidia, which highlighted a $1 trillion AI revenue opportunity through 2027. Travel stocks, including Delta and Carnival, slipped 1%, while energy companies Occidental and EQT gained about 1% each, News.Az reports, citing Reuters.

Analysts warn that elevated oil prices and geopolitical uncertainty could keep central banks cautious. Dow E-minis were down 0.22%, S&P 500 E-minis down 0.30%, and Nasdaq 100 E-minis down 0.39% in early trading.

Despite global turmoil, U.S. equities have fared better than European and Asian markets, though investors are still assessing the broader economic impact of the conflict.

News.Az 

By Aysel Mammadzada