US Futures Fall Further to YTD Lows

2026-03-12 13:00 By Andre Joaquim 1 min. read

US equity futures fell to their lowest level this year on Thursday as energy prices extended their surge and stoke stagflationary concerns for the global economy.

Contracts tracking the S&P 500, Dow, and Nasdaq 100 were around 0.8% lower.

The IEA's decision to release 400 million barrels of oil from strategic reserves failed to limit another rally in crude and product prices as strikes between Iran, Israel, and GCC members intensified and tankers refrained from crossing the Strait of Hormuz.

Yields on Treasuries across the curve maintained their increases this week amid the higher energy prices and lower jobless claims, 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 2% premarket.

Meanwhile, Adobe was slightly under the flatline ahead of its earnings.



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