S&P 500 futures are little changed as traders look to recover from oil-driven sell-off: Live updates - CNBC
S&P 500 futures remained flat as investors weighed potential U.S. military escalation in Iran against reports of possible peace negotiations. Oil prices retreated from recent highs, though market uncertainty persists heading into the weekend.
Why it matters
Geopolitical tensions in the Middle East are directly impacting global energy markets and investor sentiment, creating volatility in major stock indices.
The S&P 500 ended near flat on Friday, weighed down by chip stocks, as investors assessed the latest developments regarding the Middle East conflict.
The broad market index added just 0.05% and closed at 7,411.98 while the Nasdaq Composite dropped 0.64% to end at 24,975.82.The Dow Jones Industrial Average gained 235.60 points, or 0.46%, to settle at 51,947.25. A 3.5% jump in Apple boosted the blue-chip index.
Stocks had moved higher earlier in the session, while oil prices pulled back, after Reuters, citing three Pakistani sources, reported that Pakistan is considering a path toward establishing new peace negotiations between the U.S. and Iran, with the push being initiated by China. However, obstacles to discussions with the U.S. are still high, the sources said.
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