Stock Futures Still Higher
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On Wednesday, the major averages rose on traders' hopes that there would soon be a resolution to the conflict in the Middle East.
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Stock futures pointed lower Tuesday, a day after major indexes ended sharply higher, as oil prices returned to gains. Meanwhile, the two-day Federal Reserve meeting on interest rates begins today.
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Initial wild swings across markets following President Donald Trump's announcement that the U.S. and Iran had engaged in "very good" talks have started to fade in recent trading. Kneejerk gains have been nearly cut in half,
Over the weekend Donald Trump threatened dire vengeance on Iran unless its government opened the Strait of Hormuz within 48 hours, a deadline that would expire Monday evening in Washington. Specifically,
U.S. stock index futures slipped on Tuesday as the Middle East conflict pinned oil prices near $100 a barrel, fueling inflation concerns.
S&P 500 futures are down 0.3% to 6657. Dow Jones Industrial Average futures are down 0.4% to 46426. Nasdaq 100 futures are down 0.4% to 24556. U.S. stocks are set to fall on Thursday as oil spikes after key infrastructure in the Middle East was struck.
March 24 (Reuters) - U.S. crude futures rose more than $1 in early Asia trade on Tuesday as markets assessed the supply outlook after Iran denied holding talks with the United States, contradicting President Donald Trump's earlier claim that discussions were under way.
U.S. stock index futures rose Monday with shares of Meta among top gainers as elevated crude prices due to the Middle East conflict kept risk-taking in check.