Mar. 16 at 2:26 AM
U.S. stock futures moved slightly higher Sunday night as investors tried to recover from another weak week in the market, with the S&P 500 finishing at its lowest level of the year. Oil prices also jumped above
$100 per barrel due to the growing conflict involving the U.S., Israel, and Iran, which is raising concerns about disruptions to global oil supply through the Strait of Hormuz. Investors are also watching Nvidia’s GTC conference and the upcoming Federal Reserve meeting, where interest rates are expected to remain unchanged. Overall, the sentiment seems mixed, since rising oil prices and geopolitical tensions are bearish, but slightly stronger futures and major tech events this week could support the market.
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