Tech Futures Decline as U.S. Crude Oil Nears $100, Ahead of Inflation Data
On Thursday morning, Dow Jones futures rose slightly while S&P 500 and Nasdaq futures fell amid a mixed market outlook. Meanwhile, crude oil prices continued to climb toward the $100 level per barrel, adding pressure on inflation concerns. Treasury yields also moved higher in response to rising energy costs. The stock market rally faced challenges again as both the Dow Jones Industrial Average and small-cap Russell 2000 index fell below key support levels during Wednesday's trading session. The upward trend for crude oil prices has been extended, contributing to investor caution ahead of a major inflation report due soon.
Topics: Crude oil prices Dow Jones Inflation report Nasdaq S&P 500 Treasury yields