Pre-Market Update: Stocks Surge as Oil Tanks - Here’s What’s Driving Markets Monday

TLDR

• US stock futures jumped Monday, with Dow futures up 1% and Nasdaq futures surging 1.4%
• Oil prices fell over 7% after the US and Iran agreed to a pause in fighting
• Brent crude dropped to around $87 a barrel, easing inflation concerns
• The Federal Reserve meets Wednesday with markets split on a hold or rate hike
• Microsoft, Meta, Apple and Amazon all report earnings this week

US stock futures climbed sharply on Monday morning as oil prices dropped and investors prepared for one of the busiest weeks of the quarter.

Dow Jones futures rose 1.1%, adding around 551 points. S&P 500 futures gained roughly 1%, and Nasdaq 100 futures jumped 1.6%.

The gains came after all three major indexes fell last week as Middle East tensions pushed oil prices higher and raised fears about inflation.

Oil Drop Eases Inflation Fears

The mood shifted over the weekend after President Donald Trump paused US air strikes on Iran, allowing diplomatic talks to restart. The Wall Street Journal reported the decision came from US officials familiar with the matter.

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