US Futures Fall Near YTD Lows
2026-03-12 12:00
By
Andre Joaquim
1 min. read
US equity futures fell on Thursday to hover at their lowest level this year as energy prices continued to increase and stoke stagflationary concerns for the global economy.
Contracts tracking the S&P 500, Dow, and Nasdaq 100 were around 0.3% lower.
The IEA's decision to release 400 million barrels of oil from strategic reserves did not contain another rally in crude and product prices as strikes between Iran, Israel, and GCC members intensified to maintain the halt in energy supply for the Persian Gulf.
Yields on Treasuries across the curve maintained their increases this week, pressuring credit-sensitive companies.
Stocks in the financial sector remained under added scrutiny after Morgan Stanley and Cliffwater were the latest to cap withdrawals from private credit funds, raising concerns of bad loans.
Morgan Stanely, Bank of America, and JPmorgan fell over 1% premarket.
Meanwhile, Adobe was slightly under the flatline ahead of its earnings.