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U.S. stock futures declined Thursday as oil prices climbed following a new round of military strikes between the United States and Iran, with investors also bracing for a key inflation reading before markets open.
The S&P 500 contract was down 0.2%, according to CNBC, with the Nasdaq $NDAQ -0.39% 100 future dropping roughly 0.3% and the Dow Jones Industrial Average future retreating 62 points. The moves put the S&P 500 on pace to snap a winning streak that had included three consecutive record closes — its first such trifecta in 2026.
Crude oil markets pushed higher, with WTI gaining 1.8% to cross the $90-a-barrel threshold and the international Brent benchmark adding close to 2%, trading in the $94-to-$96 range after giving back a portion of the prior session's losses.
Driving the move in oil was a report, relayed by CNBC and attributed to a U.S. official, that American military forces had carried out fresh attacks on a site inside Iran. The strikes are testing a fragile ceasefire between the two countries, according to The Wall Street Journal.
