Stock futures were higher on Sunday as investors weighed the impact of the escalating Israel-Iran conflict that shows no signs of any potential off-ramps ahead. Oil prices rallied after Israel attacked key areas of Iran’s energy infrastructure over the weekend, while Tehran said closing off the Strait of Hormuz was under serious consideration. Fed policymakers will meet in the coming week.
U.S. stocks signaled a rebounded Sunday night as futures rose amid the escalating Israel-Iran conflict that shows no signs of any potential off-ramps ahead.
Stocks sold off sharply on Friday after Israel launched an air campaign that struck Iran’s top military leadership, nuclear facilities, and bases around the country.
Over the weekend, both sides continued their bombardments with key areas of Iran’s energy infrastructure increasingly targeted. That includes oil refineries, fuel depots, and a massive natural gas field.
Futures for the Dow Jones Industrial Average reversed higher, rising 44 points, or 0.1%. S&P 500 futures were up 0.14%, and Nasdaq futures rose 0.20%.
