Wall Street Opens Lower as Oil Prices Surge on Iran Fears
U.S. stock futures fell on Thursday as oil prices rose following reports that Iran is hardening its stance on uranium exports. Rising Treasury yields and a cautious profit outlook from Walmart weighed on sentiment despite strong revenue forecasts from Nvidia and government grants for quantum computing firms.
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United States equity futures fell on Thursday morning as Brent Crude Oil rose 1.7% to $106.82 per barrel. Supply fears intensified after reports that Iran hardened its stance on nuclear negotiations, threatening global energy routes. Rising energy costs and climbing Treasury yields are pressuring retail valuations and complicating the Federal Reserve's inflation outlook.
