Stock market today: Dow, S&P 500, Nasdaq futures decline as oil rises with US and Iran targeting energy infrastructure

Futures tied to the Dow Jones Industrial Average (YM=F), S&P 500 futures (ES=F) and Nasdaq 100 futures (NQ=F) each hovered astir the flatline.

The cautious commencement to the week follows a 3rd consecutive play diminution for the S&P 500 (^GSPC), which finished Friday astatine its lowest level of the twelvemonth and lowest constituent since November.

Oil prices continued their emergence arsenic the US-Israeli warfare with Iran continues to halt postulation done the Strait of Hormuz. Both crude benchmarks climbed supra $100 a tube for the archetypal clip since 2022. In the latest development, US attacks connected Kharg Island — Iran's main export hub — person deepened contiguous proviso fears portion besides posing aboriginal risks arsenic Iran promises retaliation against US vigor facilities successful the region.

In aboriginal trading Monday, West Texas Intermediate (CL=F) crude precocious astir 2% to astir $100.90 per barrel, portion Brent (BZ=F) crude roseate astir 2.6% to hover supra $105.

Investors volition besides beryllium watching home firm and argumentation events this week. Nvidia’s (NVDA) yearly GTC league kicks disconnected Monday with a keynote code from CEO Jensen Huang, portion the Federal Reserve is scheduled to clasp its 2nd argumentation gathering of the year. Markets wide expect the cardinal slope to permission involvement rates unchanged.