Economy · 1 d ago
Arild Vågen · CC BY-SA 4.0 · Wikimedia Commons
US stock futures rebound as oil prices fall on hopes for Iran talks
US futures, Monday
- S&P 500: up 0.5%
- Dow Jones Industrial Average: up 0.6%
- Nasdaq: up 0.8%
Futures for the S&P 500 rose 0.5 per cent Monday, those for the Dow Jones Industrial Average 0.6 per cent and Nasdaq futures 0.8 per cent.
Background
On Friday, US stocks had their worst day since June as investors sold artificial intelligence and tech shares, on worries that huge AI spending will not pay off fast enough.
Brent crude, Monday
108.68 US$ a barrel
Brent crude fell 4.2 per cent to US$108.68 a barrel, still far above the roughly US$65 it sold for a year ago.
What we know
- Iranian negotiators are in Qatar
- No direct talks with the US, Iran says
Not yet
- Whether the US meets Iran's conditions
Iran's top diplomat said Iranian negotiators were in Qatar to discuss a proposal that could reopen the Strait of Hormuz within two days if the US meets several conditions, but that no direct talks were under way with the US.
What's next
Investors are also watching Tuesday's US midterm elections and Friday's October jobs report, after US employers added only 29,000 jobs in September.
