Wall St futures slip as Middle East conflict rages on; jobs data in focus
#Middle East conflict#Stock futures#Jobs report#Oil prices#Federal Reserve#Inflation#Airline stocks#Technology stocks
📌 Key Takeaways
U.S. stock futures declined due to Middle East conflict and upcoming jobs report
Oil prices surged to highest weekly increase since 2022 Ukraine invasion
Federal Reserve rate cut expectations pushed to October due to strong data and rising energy costs
Technology stocks rebounded while airlines suffered significant losses
📖 Full Retelling
U.S. stock index futures slipped on Friday as the conflict raging in the Middle East threatened to fuel inflation through higher energy costs, and investors awaited a pivotal jobs report, with the U.S.-Israel air campaign against Iran nearing a week with no end in sight. The ongoing conflict has caused oil prices to surge the most this week since Russia's 2022 invasion of Ukraine as shipping through the strategic Strait of Hormuz ground to a halt. Qatar's natural gas producer warned that even if the Middle East war ended immediately, it would take 'weeks to months' to return to normal delivery cycles, further exacerbating energy market concerns. Investors are closely watching the weekly jobs report, scheduled for release at 8:30 a.m. ET, as they assess the potential impact of artificial intelligence integration on employment and gauge Federal Reserve policy expectations. Despite the overall downward trend, U.S. stocks have outperformed Asian and European counterparts this week, supported by a 1.5% rebound in technology stocks from February's losses, with Marvell Technology jumping 12% after forecasting strong fiscal 2028 revenue.
🏷️ Themes
Geopolitical Risk, Economic Indicators, Energy Market Impact, Corporate Performance
This is a list of modern conflicts ensuing in the geographic and political region known as the Middle East. The "Middle East" is traditionally defined as the Fertile Crescent (Mesopotamia), Levant, and Egypt and neighboring areas of Arabia, Anatolia and Iran. It currently encompasses the area from E...
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to th...
The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Is...
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry UBS is telling clients to sell downside in gold and silver. Here’s what it means Gold set for weekly loss as firm dollar dulls haven appeal Futures waver amid ongoing Iran conflict; NFPs ahead - what’s moving markets Trump replaces Homeland Security chief Kristi Noem (South Africa Philippines Nigeria) Wall St futures slip as Middle East conflict rages on; jobs data in focus By Economy Published 03/06/2026, 05:50 AM Updated 03/06/2026, 05:54 AM Wall St futures slip as Middle East conflict rages on; jobs data in focus 0 NDX -0.29% US500 -0.56% DJI -1.61% ORCL 1.59% NVDA 0.16% MRVL -3.09% GAP -1.95% OXY -0.69% AMD -1.30% CL 3.78% NG 1.13% DAL -3.95% AAL -5.38% NEXT -7.59% March 6 - U.S. stock index futures slipped on Friday as the conflict raging in the Middle East threatened to fuel inflation through higher energy costs, and investors awaited a pivotal jobs report. The U.S.-Israel air campaign against Iran was nearing a week with no end in sight. Oil prices have surged the most this week since Russia’s 2022 invasion of Ukraine as shipping through the strategic Strait of Hormuz ground to a halt. Natural gas producer Qatar said even if the Middle East war ended immediately, it would take "weeks to months" to return to a normal cycle of deliveries, according to a report. Crude prices edged higher and sent airlines American and Delta 1% lower in premarket trading. The S&P 500 ’s passenger airlines subindex is on track for a 9%weekly drop. A weekly jobs report is high on the radar for investors who are also watching out for the impact artificial intelligence integration by corporates could have on employment. The report is due at 8:30 a.m. ET. Overall stronger-than-expected data this week and a spike in crude prices have pushed back expectations for a 25-basis-point interest rate cut by the Federal Reserve to October from July last month, according to LSEG-compiled data. At 05:14 a.m. ET, Dow E-minis were down 130 p...
