U.S. stock futures moved lower early Tuesday after Wall Street posted its strongest session since early February, as traders weighed hopes that the U.S.-Iran conflict may be heading toward some kind of resolution. S&P 500 futures fell 0.66%, Nasdaq 100 futures lost 0.73%, and Dow futures dropped 299 points, or 0.64%.
That came after a strong Monday session, when the S&P 500 rose 1.15%, the Nasdaq gained 1.38%, and the Dow jumped 631 points, also 1.38%. At their highest levels of the day, all three indexes were up more than 2%.
The Dow was ahead by more than 1,100 points, or 2.5%, while the Nasdaq was up 2.5% and the S&P 500 climbed 2.2%.
Outside stocks, Bitcoin held above $70,000 after dropping below $68,000 the previous day. Oil also bounced in Asia trading after a steep overnight sell-off tied to the Middle East conflict.
Brent crude for May rose more than 3% to $102.96 a barrel, while West Texas Intermediate for May climbed 3.6% to $91.27. That followed Monday’s sharp drop, when Brent slid about 11% to around $99 after rising above $112 on Friday.
In metals, spot gold fell 1.5% to $4,342.80 an ounce, while silver dropped 3.5% to $66.68. Platinum and palladium also moved lower. US dollar’s DXY Index rose 0.3% after ending the previous session down 0.4%.
Source: https://www.cryptopolitan.com/stocks-oil-rebounding-bitcoin-holds-70k/
