US Futures Slip Amid Oil Surge and AI Slowdown Fears Ahead of Fed
Stock futures declined on Sunday night as crude oil prices surged nearly 3% following drone strikes that forced Saudi Arabia to shut a key pipeline, raising concerns about global supply disruptions. The rise in oil prices added pressure on markets ahead of the Federal Reserve's upcoming meeting. Investor sentiment was further dampened by reports indicating delays in OpenAI’s planned initial public offering (IPO), which had been anticipated as a major event for the AI sector. These developments contributed to a cautious market outlook, with traders factoring in potential inflationary pressures and slower-than-expected progress in key technology sectors. The combination of energy price volatility and uncertainty around tech innovation weighed on investor confidence ahead of the week’s central bank decision.
Tickers: $SPX