US Futures Hold Muted Trading
2026-03-11 11:41
By
Andre Joaquim
1 min. read
US equity futures were muted for a second session on Wednesday as uncertainty regarding the war in the Persian Gulf and the imminent February CPI release prevented traders from taking on more risk.
Contracts for the three main averages were close to the flatline.
Benchmark prices for crude oil, products, and natural gas remained below their peaks this month on after the IEA proposed a record-level release of strategic petroleum stockpiles, while President Trump signaled that the war could end soon.
Still, credit-sensitive equities remained pressured by the surge in yields as the surge in energy prices limited expectations of rate cuts by the Federal Reserve this year.
The inflationary backdrop was due to be updated with the release of the February CPI, although the data will not include the impact of the latest oil shock.
Tech continued to support the main indices, with Oracle surging 10% after beating guidance estimates.