US Futures Rebound
2026-03-16 12:22
By
Andre Joaquim
1 min. read
Futures tracking US equities were sharply higher on Monday, rebounding from the near four-month lows on Friday as markets reassessed the risk of a lasting energy shock in the economy.
Contracts for the S&P 500 were 0.8% higher, while those for the Nasdaq 100 gained 1% and those for the Dow added 0.6%.
Selected tankers carrying liquified petroleum gas crossed the Strait of Hormuz over the weekend to suggest that the Iranian regime has a degree of leniency with energy exports to allied countries, limiting concerns of a prolonged shortage as Iran, Israel, and the US escalated their defiant rhetoric in their war.
Credit-sensitive sectors gained as yields retreated across the curve, maintaining the outperformance for the tech sector with Nvidia 1.5% higher pre-market while Amazon and Microsoft gained almost 1%.
Also, Meta advanced nearly 3% on reports that it plans to layoff 20% of its workforce due to efficiency gains from AI adoption.