"Futures are trading lower as we prepare to end another up-and-down week, and it all depends on the status of the war with Iran and the price of oil on any given day."
"All of the major indices finished deep in the red, with the Nasdaq getting absolutely pounded, closing down 2.38% at 21,408, while the S&P 500 finished the session down 1.74% at 6,477."
"Worries over rising inflation and the potential for the Federal Reserve to raise rates later this year have encouraged sellers in the Treasury bond market."
"Prices across the energy complex rose on Thursday as all the issues we mentioned above came into play, with Brent Crude closing at $107.50, up 5.21%."
Futures are trading lower as the week ends, influenced by the war with Iran and fluctuating oil prices. Major indices, including the Nasdaq and S&P 500, closed significantly down. Treasury bonds faced selling pressure due to inflation concerns and potential Federal Reserve rate hikes. Oil prices rose sharply, with Brent Crude and West Texas Intermediate both increasing. Precious metals also experienced a sell-off, with gold breaking a nine-session losing streak. The market outlook remains uncertain as a ceasefire seems unlikely.
Read at 24/7 Wall St.
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