Stock futures fell Tuesday, as crude prices resumed their upward trajectory and traders weighed a U.S.-backed plan to protect shipping along the Strait of Hormuz.
Futures for the Dow Jones Industrials slipped 45 points, or 0.1%, to 47,234.
Futures for the S&P 500 index backed off 8.5 points, or 0.1%, to 6,746.75.
Futures for the NASDAQ sank 53.75 points, or 0.2%. to 24,834.50.
Volatile oil prices and the fallout of the U.S.-Iran war continue to influence investor sentiment. On Tuesday morning, oil prices jumped 4%, sending global benchmark Brent crude back above the $100 mark.
Oil’s bounce came after President Donald Trump suggested some countries are “less than enthusiastic” about a plan to help escort oil tankers through the Strait of Hormuz.
Nvidia just unveiled its new computing platform for orbital data centers, marking a significant step towards building AI space infrastructure.
In Japan, the Nikkei 225 edged downward 0.1% Tuesday, while in Hong Kong, the Hang Seng eked up 0.1%.
Oil prices improved $2.98 to $96.83 U.S. a barrel.
Gold prices picked up $2.30 to $5,004.50 U.S an ounce.
