Stock Market Futures Muted Amid Oil Drop and Trump-Xi Meeting Watch
U.S. stock futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq-100 remained near flat on Wednesday as investors monitored diplomatic developments with Iran and China, alongside a recent surge in tech stocks. The market is closely watching President Trump's meeting with Chinese President Xi Jinping at Joint Base Andrews — their first such encounter in over a decade — where trade, the war in Iran, rare earths, and AI policy are expected to be discussed. Meanwhile, oil prices fell as hopes of improved U.S.-Iran relations resurfaced after officials met during the UN General Assembly. Brent crude traded below $100 per barrel while WTI crude dropped under $90. On the economic front, investors will look for insights from S&P Global's PMI data and earnings reports from consumer-facing companies like Cintas Corporation (CTAS), General Mills (GIS), and Cracker Barrel Old Country Store (CBRL).
Tickers: $CBRL $CTAS $GIS $GOOG $NVDA
Topics: AI policy Dow Jones Nasdaq oil prices S&P 500 stock market U.S.-China relations