US Futures Slide to Multi-Month Lows

2026-03-06 12:15 By Andre Joaquim 1 min. read

US equity futures fell sharply on Friday as signs that the war in the Middle East could keep energy prices elevated for longer weighed on the outlook for the US economy.

Contracts for the three main stock indices hovered around 0.6% down, their lowest this year.

Energy prices surged as producers in the Persian Gulf turned down output and tanker operators refrained from taking deliveries, lifting benchmark credit costs and paring the outlook for rate cuts by the Federal Reserve this year.

The argument for hawks in the FOMC has also been underpinned by signs of a robust labor market, set to be updated in the February jobs report before the open.

Rate traders now see a sole rate cut by the Fed this year.

Banks, insurers, and asset managers remained in the spotlight as signs of cracks on private credit loans dented the view on the sector's robustness.

Blackrock, Blackstone, Bridgewater, and Blue Owl were all due to extend losses this week after their selloffs in late February.



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