US stock index futures edged higher in choppy trading on Friday as investors awaited key economic data on growth and inflation, while escalating tensions in the Middle East continued to push oil prices higher and cloud the outlook for global markets. Futures tied to the Dow Jones Industrial Average rose 135 points, or about 0.29%, while S&P 500 futures gained roughly 0.32%.
Dow Inc. (DOW) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
U.S. stock futures fell on Friday following Thursday's lower close. Futures of the major benchmark indices were down.
US indices slide as oil price fears and delayed Fed rate cuts pressure tech stocks. Dow Jones, S&P500 and Nasdaq 100 test key 200-day levels in today's stock market analysis.
Shares of US chemical producers moved higher as investors assessed the impact of escalating tensions in the Middle East on global supply chains. Companies with significant production along the US Gulf Coast, including Dow and LyondellBasell Industries, have emerged as potential beneficiaries of disruptions to petrochemical exports from the region.
Wall Street is pointing lower ahead of Thursday's open, though US futures have pulled back from their worst levels of the morning as investors caught up with the overnight escalation in the Middle East and oil prices. The Dow Jones was down 0.6%, the S&P 500 and Nasdaq futures were both off 0.5%.
For investors looking for safety in a time of war, both of these dividend payers could make sense.
4:15pm: Wall Street mixed It was another strong day for oil prices as conflict in the Middle East continued, with crude oil up almost 6% to about $88 per barrel. US stocks were mixed at the closing bell, with the Nasdaq up 0.1% at 22,716 points, buoyed by a 9% surge in Oracle following its earnings report.
The US indices continue to see a lot of overhang as far as resistance is concerned, as war and uncertainty will continue to be a major factor.
US futures were pointing to a cautious open on Wall Street, ahead of the release of US inflation data, as escalating attacks on shipping in the Strait of Hormuz keep oil prices elevated and nerves frayed across global markets. Dow Jones, S&P 500 and Nasdaq futures were all down around 0.1% to 0.15% ahead of February's consumer price index release.
With the axiom of “buying low and selling high”, now is the time to buy low!
Indexes for US equity real estate investment trusts dropped alongside the broader markets during the first week of March, amid geopolitical concerns between Israel, Iran, and the United States. The Dow Jones Equity All REIT index closed the week down 2.10%, while the S&P 500 and Dow Jones Industrial Average also declined 2.02% and 3.01%, respectively. All Dow Jones US real estate property sector indexes closed the recent week in the red, with the industrial REIT index logging the largest decline, down 4.86%.