Wall Street Futures Trade Mixed Amid US-Iran Tensions
US futures fluctuated Monday as tensions in the Strait of Hormuz pushed oil prices higher. Investors also weighed a $56 billion bid by GameStop for eBay.
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United States stock futures traded mixed on Monday morning as Brent crude prices rose 2.5% following reports of military friction with Iran. The S&P 500 futures fell 0.07% while Nasdaq 100 futures gained 0.11% after a strong week of corporate earnings. Geopolitical instability in the Strait of Hormuz threatens to sustain high energy costs and disrupt global supply chains.
