Wall Street futures rise as oil steadies before US jobs report
Updated
Updated · The Associated Press · May 8
Wall Street futures rise as oil steadies before US jobs report
10 articles · Updated · The Associated Press · May 8
S&P 500, Dow and Nasdaq futures gained 0.5%, 0.3% and 0.7%, while Brent crude rose to $100.62 and US crude to $95.01.
Markets looked past fresh strains in the US-Iran ceasefire, including reported Iranian attacks near the Strait of Hormuz and a missile and drone attack engaged by UAE air defences.
Strong earnings lifted Monster Beverage and Callaway, while Expedia fell; investors expect April payroll growth to slow to 65,000 from March's 178,000 as energy prices stay elevated.
With markets ignoring military strikes, what hidden risk could shatter this economic calm?
If military 'love taps' don't break a truce, what is the real end game in the Strait of Hormuz?