FXStreet’s early Monday snapshot showed Dow futures higher and Nasdaq 100 futures lower, as traders watched energy prices and U.S. inflation releases scheduled for later in the week.
At 4:11 a.m. ET (09:11 GMT) Nov. 9, the Dow contract had gained 0.65% to about 51,720 points. S&P 500 futures were up 0.30% near 7,420, while Nasdaq 100 futures had slipped 0.12% to about 27,050, FXStreet reported.
Reuters reported Brent futures finished Monday at $92.57 per barrel, down $5.75, or 5.85%. U.S. West Texas Intermediate futures settled $3.98 lower, a 4.38% decline, at $86.85, Reuters said.
Reuters also reported shipping incidents in or near the Strait of Hormuz and said fighting had not slowed. TACenergy analysts told the news agency that the prospect of peace was encouraging oil selling.
In a Nov. 8 phone interview with CNN, U.S. President Donald Trump said renewed military action against Iran was unlikely if negotiations advanced and produced a strong agreement. “The answer is highly unlikely it’s going to be necessary,” Trump said.
A later EconoTimes report on midday gains in U.S. stocks said the gains coincided with lower oil prices, alongside advances for airline and cruise shares.
The Bureau of Labor Statistics (BLS) scheduled the October Consumer Price Index release for Tuesday, Nov. 10, at 8:30 a.m. ET. The October Producer Price Index report was scheduled for Friday, Nov. 13, at the same time.
