US futures climb as oil falls
U.S. stock futures rose today following a decline in oil and weak results from two major companies, with the S&P 500 and Nasdaq posting their worst performances since June 23. Meanwhile, the Dow Jones Industrial Average increased by 222 points. These movements come amid a escalation in the US-Iran conflict, with President Trump considering launching a wide-scale attack on Iran, as US airstrikes on Iranian targets continue. European markets saw a modest rise, while Asian markets closed lower, with significant declines in Korean and Japanese stocks. Oil prices surged past $100 last week before retreating to around $97.75, amid expectations that the rise may not be sustainable. Shares of Tesla fell by 15% after disappointing results, and Alphabet experienced its largest drop since May 2025 due to projections of increased capital expenditure. US indices are heading towards further weekly declines driven by these factors.
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