U.S. stock futures fell early Wednesday amid ongoing Iran tensions and in anticipation of February’s Consumer Price Index (CPI) data. Oil prices settled after a roller-coaster ride at the beginning of the week. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.12%, 0.13%, and 0.25%, respectively, at 5:31 a.m. EST on March 11.
During Tuesday’s regular trading, the three major indexes closed mixed as traders digested developments in the U.S.-Iran war. The S&P 500 fell 0.21%, the Dow dropped 0.07%, while the Nasdaq edged up slightly. WTI crude (West Texas Intermediate) fell to $87.09 per barrel, while Brent crude dropped to $91.33 per barrel as of the last check.
Looking ahead, traders await key economic data like the inflation rate which could sway the Federal Reserve’s next interest rate decision. February’s CPI report, due today, is expected to show headline inflation at 2.4% year-over-year, while also offering insights into the softening labor market.
On the earnings front, notable companies reporting today include Serve Robotics (SERV), UiPath (PATH), Campbell Soup (CPB), and Bumble (BMBL).
Notably, the U.S. 10-year Treasury yield was up, floating near 4.16%. Additionally, the Gold Spot U.S. dollar price traded around $5,158 per ounce on Wednesday.
Elsewhere, European indexes opened lower today as traders parsed developments in the U.S.-Iran conflict.
Asia-Pacific Markets Trade Mixed
Asia-Pacific markets traded mixed on March 11 amid ongoing U.S.-Iran tensions.
Hong Kong’s Hang Seng Index dropped 0.24%. In China, the Shanghai Composite rose 0.25%, while the Shenzhen Component increased 0.44%. Meanwhile, Japan’s Nikkei added 1.43%, with the Topix gaining 0.94%.
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