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US stock futures steady on easing concerns
U.S. stock futures steadied amid hopes of easing geopolitical tensions, as declining oil prices, driven by unconfirmed reports of Iran's readiness to reopen the Strait of Hormuz within a week, supported the market. Brent crude fell by 2% to approximately $98.22 per barrel, while U.S. crude dropped by 2.6% to $93.28, helping to reduce inflationary pressures and causing Treasury yields to decline. The S&P 500 index rose by 1.5%, marking its best daily performance since early August, while the Nasdaq surged by 2.3%, posting its first record close since June. Investors are also eyeing a potential summit between Trump and Xi Jinping to discuss key issues such as artificial intelligence and tariffs, amid warnings from technical indicators suggesting possible future market corrections.
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