Market Snapshot
Futures are under pressure again as the S&P 500 heads toward a fourth consecutive weekly loss. Oil remains elevated despite reports that U.S. forces are beginning an effort to reopen the Strait of Hormuz. Iran has offered a cautious opening to “neutral” vessels, but markets aren’t buying it. Adding complexity: today is triple-witching day, when stock index futures, index options, and equity options all expire — typically amplifying intraday volatility.
- S&P 500 Futures: ~6,580, down 0.4%