US Futures Stabilize After Weak Session
2026-03-06 00:05
By
Jam Kaimo Samonte
1 min. read
US stock futures stabilized on Friday after Wall Street came under renewed pressure in the previous session, as investors grappled with uncertainty surrounding the Iran war and surging oil prices.
In regular trading on Thursday, the Dow dropped 1.61%, while the S&P 500 and Nasdaq Composite lost 0.56% and 0.26%, respectively.
Eight of the 11 S&P sectors ended lower, with consumer staples, materials, and industrials leading the declines.
Caterpillar fell 3.6%, while GE Aerospace dropped 3.4% as investors priced in the risk of supply chain disruptions and potential margin compression.
Oil prices rallied more than 8% on Thursday and were headed for their biggest weekly gain since 2022, though they pulled back early on Friday after the Trump administration signaled it is considering several options to address the recent price spike.
Investors now look ahead to the February jobs report due later today for further clues on the health of the US labor market.