U.S. stock futures fell Monday as rising oil prices and geopolitical tension weighed on sentiment, forcing investors to reassess interest rate cut expectations.
At 04:43 a.m. ET, Dow futures dropped 0.5%, S&P 500 futures lost 0.63%, and Nasdaq 100 futures declined 0.72%.
Surging energy prices raised concerns about persistent inflation, complicating the Federal Reserve’s path and reducing optimism for near-term monetary easing.
The CBOE Volatility Index climbed to a two-week high, signaling elevated market uncertainty and increased demand for downside protection.
Energy stocks outperformed in premarket trading, with Exxon Mobil and Chevron gaining about 1%, while Occidental Petroleum rose 1.5%.
Wall Street’s main indexes recorded a fourth consecutive weekly loss, with the Nasdaq posting its steepest decline since early February.
The Russell 2000, sensitive to higher borrowing costs, remained in correction territory, with futures down 1.2% in early trading.
Investors now turn to upcoming economic data, including business activity and consumer sentiment, for further clues on market direction.
