Stock Futures Drop To Close Out August As Oil Jumps On Renewed Iran Hostilities
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Source: Zero Hedge
Published: 2026-08-31 22:39 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Transport, Middle East, Europe, Iran, Technology & AI, Energy, Economy & Finance, Financial Markets, Trade & Sanctions, Commodities, Business & Economy, Technology
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Snippet:
US stock futures dropped in thin trading with most traders out as summer draws to a close, while oil prices jumped after the US and Iran exchanged attacks for first time in weeks. Brent futures rallied almost 4% topping $90-handle and WTI contracts rise above $86 a barrel. As of 8:00am ET, S&P futures dropped about 0.2% and contracts on the Nasdaq 100 dipped 0.1% as most Mag 7 stocks drop while energy stocks rise (CVX +2%, XOM +2%) with
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