Stock futures fall slightly as U.S. oil rises above $100 with S&P 500 on 3-week losing streak: Live updates

Stock futures fell slightly as Wall Street tried to recover from another losing week, with investors monitoring oil prices and the latest developments from the U.S.-Iran war. Dow Jones Industrial Average futures lost 73 points, or 0.2%. S&P 500 futures shed 0.2% and Nasdaq-100 futures lost 0.3%. The moves come after the S&P 500 notched its third losing week in a row and closed at its lowest level of the year on Friday. The benchmark index ended the week down 1.6%, while the Dow and Nasdaq shed about 2% and 1.3%, respectively. Oil prices rallied last week, with Brent crude settling above $100 per barrel for the first time since 2022. Crude soared as traffic in the Strait of Hormuz, a critical shipping route, has been effectively halted since the war began. In early trading , WTI crude oil rose 2% to $100.91, while Brent crude rose 2.7% to $105.91. President Donald Trump ordered on Friday strikes on Iran military assets located on Kharg Island. While the attack didn't impact oil infrastructure, Trump said the U.S. would consider hitting those structures if Iran continues to block the Strait. Trump also told NBC over the weekend that Iran wants to make a deal, but he is not ready yet. Perhaps helping sentiment a bit as the week began was a Wall Street Journal report stating that the U.S. will announce a coalition of countries to escort ships through the Strait of Hormuz, citing officials. The stock sell-off has been relatively tame despite the geopolitical tensions, however. The S&P 500 remains just 5% below its all-time high set earlier this year. "The apparent resilience in the S&P 500 is attributable to the increasing bullishness of industry analysts' consensus estimates for earnings per share in 2026 and 2027," wrote Ed Yardeni, president of Yardeni Research. "Apparently, they did not get the memo about the possible negative consequences of a protracted war and closure of the Strait." Along with oil and the war, investors will keep an eye on Nvidia, as the chipmake...