Stock futures were slightly higher Tuesday night as oil prices surged amid the ongoing conflict between Russia and Ukraine.
Stock futures inched higher on Tuesday night as oil prices surged amid the ongoing conflict between Russia and Ukraine.
Futures tied to the Dow Jones Industrial Average rose 64 points, or 0.19%. S&P 500 and Nasdaq 100 futures added 0.1%. Earnings boosted several stocks in extended trading. Nordstrom spiked by more than 35% on strong earnings while SoFi surged about 20%. In regular trading, the Dow fell 597 points, or 1.76%. The S&P 500 lost 1.55% and the Nasdaq Composite slid 1.59%.
Energy prices pushed higher Tuesday as Russia continued its assault on Ukraine. West Texas Intermediate crude futures broke above $107 per barrel Tuesday evening, after"This dramatic dislocation is due to a flight to safety where U.S. production is viewed as more reliable than other global sources," Jay Hatfield, founder and CEO of Infrastructure Capital Advisors, said of the spike in WTI. "However, it is unlikely to persist after the Ukraine situation stabilizes.
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