US futures pause near records as oil prices climb higher
Major US stock index futures edged lower on Wednesday as Brent crude rose to 97.56 dollars following military escalations in the Middle East. Despite the pause, investor interest remains high in AI-related stocks and the upcoming SpaceX initial public offering which aims to raise 75 billion dollars.
United States stock futures stalled near record highs in early morning trading on June 3 as rising oil prices and Middle East instability cooled investor sentiment. The S&P 500 closed above 7,600 for the first time on Tuesday. Persistent energy inflation risks now threaten to offset the momentum gained from a robust artificial intelligence rally.
### Energy Risks Pressure Global Sentiment Brent Crude Oil rose 1.6% to $97.56 a barrel following an Iran missile attack on an airport in Kuwait. The U.S. military responded with strikes near the Strait of Hormuz, heightening fears of supply disruptions. Jefferies economist Mohit Kumar said a deal to reopen the strait remains the base case scenario despite the escalation.
