E-mini S&P 500 futures fell as oil prices surged 8%.
Todd Colvin covers the latest pullbacks in stock index futures as E-mini S&P 500 futures fell under 1% to 7565. Rising oil prices driven by geopolitical tensions in the Middle East bolstered inflation expectations, weighing on equity sentiment. Despite the dip, equity indices remain within 1% of their recent all-time highs. Colvin notes that stock volatility reversed off its year-to-date lows to move higher alongside falling indices. Looking ahead, traders are focused on ADP employment data, CPI figures, and Fed Chair Warsh's upcoming semiannual testimony before the House Financial Services Committee, where market participants will seek clarity on monetary policy.
Todd Colvin covers the latest pullbacks in stock index futures as E-mini S&P 500 futures fell under 1% to 7565.
Rising oil prices driven by geopolitical tensions in the Middle East bolstered inflation expectations, weighing on equity sentiment.
Despite the dip, equity indices remain within 1% of their recent all-time highs.
Colvin notes that stock volatility reversed off its year-to-date lows to move higher alongside falling indices.
Looking ahead, traders are focused on ADP employment data, CPI figures, and Fed Chair Warsh's upcoming semiannual testimony before the House Financial Services Committee, where market participants will seek clarity on monetary policy.