US stock futures rise with falling oil prices, but the shadow of tech stock sell-offs lingers
2026-11-09 21:43:55
According to CoinMeta, as oil prices fell, U.S. stock index futures rose in the early trading on Monday. Nasdaq 100 index futures rose by 0.7%, and S&P 500 index futures rose by 0.8%. West Texas Intermediate crude oil in the United States fell by 3.6% to around $88 per barrel. Sevens Report founder Tom Essaye stated that Trump's remarks reduced market expectations of a U.S. resumption of attacks on Iran, leading to a decline in oil prices and thus an increase in U.S. stock futures. He pointed out that Trump said it was "highly unlikely" to resume large-scale attacks on Iran. After the sell-off last Thursday, investors remained skeptical about the trend of the Nasdaq 100 index, which fell below its 200-day moving average by 4.8% last week, a level rarely seen in history. There is disagreement in the market regarding the reasons for the decline; strategists at Societe Generale believe there are signs of institutions reducing their risk exposure, while another analysis indicates that large-scale liquidation by retail investors is also a significant factor.
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Source:Jin10 Data
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