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Zero Hedge

Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide

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Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide
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xCruzo Brief

U.S. stock index futures were flat to slightly mixed on Monday morning, with S&P 500 futures up 0.1% and Nasdaq futures down 0.1%, as memory shares slid. The market response came after a weekend of conflicting geopolitical headlines that pushed oil around again. By 8:00am ET, WTI was up about 1.2% to $93.00 and Brent traded above $106 after a $102.33-$106.17 range. In premarket trading, Meta led the Mag 7 higher (+1.8%), while Micron fell 2.1% after Samsung and SK Hynix dropped more than 4% in Seoul amid buyback quota progress. Coinbase-like data weren’t cited, but the article notes no cash Treasury trading for Columbus Day. Rates drifted lower for ultras, while bonds outside the U.S. were firmer.

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