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Oil Rebounds and US Stock Futures Slip as Iran Peace Doubts Weigh Before Midterm Voting

By ChordNews · First written

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Summary

US stock futures fell on Election Day as oil prices rebounded on worries that America and Iran remain far apart on a peace deal, adding to subdued risk sentiment before voting began in the midterm elections. S&P 500 contracts slipped 0.2%, and Brent crude rose 1.7% to above $106 a barrel. Reuters reported that significant obstacles to ending the war remained, despite signs from both Washington and Tehran that they were open to a diplomatic settlement. Flat Nasdaq 100 futures signaled a steadier start for the artificial intelligence trade after that index entered a technical correction.

This continues an earlier story: Oil prices fall as the U.S. and Iran both pursue diplomacy

Later: Democratic Sweep of Congress Weighs on Dollar and Treasuries as US Stock Futures Rebound

Timeline

  1. Bloomberg

    Source ↗

    Bloomberg reports that US stock futures fell and Brent crude rose 1.7% to above $106 a barrel on Election Day, as doubts about a US-Iran peace deal weighed on sentiment before midterm voting started.

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