Traders work on the floor of the New York Stock Exchange. <\/p>\n
NYSE<\/p>\n
Stock futures traded near the flatline Tuesday night ahead of key consumer inflation data. <\/p>\n
Futures tied to the Dow Jones Industrial Average<\/a> lost 6 points. S&P 500 futures<\/a> added 0.04%, while Nasdaq 100 futures<\/a> were little changed.<\/p>\n Investors are awaiting February’s consumer price index due Wednesday, seeking clues on the strength of the U.S. market and economy, particularly after signs of a weakening labor market<\/a> have grown in recent months. Economists polled by Dow Jones anticipate that headline CPI rose 2.4% on a year-over-year basis.<\/p>\n In regular trading, both the S&P 500<\/a>\u00a0and 30-stock\u00a0Dow<\/a> closed lower, while the\u00a0Nasdaq Composite<\/a>\u00a0inched up 0.01% on the day. Nine of the eleven S&P 500 sectors ended the session in negative territory, while communication services and technology posted narrow gains. <\/p>\n “I think we’re in a period where we had a bear market already in software, the Mag Seven, and in crypto. I think that’s already taken out a lot of speculation,” Tom Lee, head of research at Fundstrat Global Advisors, said Tuesday afternoon on CNBC’s “Closing Bell.”<\/p>\n Oil prices have taken dramatic swings week to date, surging to nearly $120 a barrel on Monday amid rising fears around the war in Iran. Prices slid on Tuesday, first on hopes that a group of nations would turn to emergency crude reserves<\/a>. <\/p>\n Energy prices dropped once more on Tuesday after Energy Secretary Chris Wright wrote in a\u00a0since-deleted social media post<\/a>\u00a0that the U.S. Navy successfully escorted tanker through the Strait of Hormuz. White House press secretary Karoline Leavitt later said that the U.S. had not escorted a tanker<\/a>\u00a0through the key route. <\/p>\n West Texas Intermediate futures<\/a> fell as low as $76.73 per barrel, but closed down nearly 12% at $83.45 per barrel.\u00a0Brent crude<\/a>\u00a0lost more than 11% to settle at $87.80 a barrel.<\/p>\n “To me, the market is actually handling oil prices better … we think higher oil prices are actually good for the U.S. stock market,” Lee added, noting that the S&P 500 has climbed this week even as oil prices have surged. <\/p>\n The broad market index is up 0.6% week to date, as fears about the Iran war have slightly eased, particularly after U.S. President Donald Trump on Monday signaled that the conflict could end soon.<\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the floor of the New York Stock Exchange. NYSE Stock futures traded near the flatline…\n","protected":false},"author":2,"featured_media":332517,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[158356,158432,157457,941,114,357,35951,30935,54,1761,1012,31011,144658,85,21748,150425,145063,98708,46,7315,64251,190,10388,1763,1008,151323,1762,3310,76570,1760,1032,151247,150424,30938],"class_list":{"0":"post-332516","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-cl26j","9":"tag-lco26k","10":"tag-lco26q","11":"tag-breaking-news-markets","12":"tag-business","13":"tag-business-news","14":"tag-chevron-corp","15":"tag-conocophillips","16":"tag-donald-trump","17":"tag-dow-jones-fut-sep25","18":"tag-dow-jones-industrial-average","19":"tag-exxon-mobil-corp","20":"tag-fidelity-nasdaq-composite-index-track","21":"tag-il","22":"tag-intel-corp","23":"tag-invesco-db-oil-fund","24":"tag-invesco-qqq-trust","25":"tag-ishares-semiconductor-etf","26":"tag-israel","27":"tag-karoline-leavitt","28":"tag-lp","29":"tag-markets","30":"tag-micron-technology-inc","31":"tag-nasdaq-100-fut-sep25","32":"tag-nasdaq-composite","33":"tag-proshares-ultra-bloomberg-crude-oil","34":"tag-sp-500-fut-sep25","35":"tag-sp-500-index","36":"tag-sandisk-corp","37":"tag-stock-markets","38":"tag-united-states","39":"tag-united-states-brent-oil-fund","40":"tag-united-states-oil-fund","41":"tag-wti-crude-sep25"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/332516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=332516"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/332516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/332517"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=332516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=332516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=332516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}