The stock market today, oil prices surge, weighed on investor sentiment as U.S. stock futures pointed lower on Friday. This came despite President Donald Trump’s decision to delay potential strikes on Iran’s energy sector by 10 days.
Markets remained cautious amid ongoing geopolitical uncertainty, which continued to influence global financial conditions.
Stock futures fell after a significant drop on Thursday. The Nasdaq composite index entered correction territory, while both the Nasdaq and S&P 500 closed at their lowest levels since September. This decline highlights increasing investor concerns about economic and geopolitical risks.
Oil Prices Climb Above $104
Brent crude prices have resumed their upward trend, now surpassing $104 per barrel. This increase is occurring amid ongoing tensions in the Middle East and uncertainty regarding energy supply. Rising oil prices are putting additional pressure on global markets and inflation expectations.
Global bond yields also rose, signalling tighter financial conditions. The two-year U.S. Treasury yield climbed above 4%, closely tracking the outlook for interest rates. Meanwhile, the U.S. dollar strengthened slightly, reflecting a shift toward safer assets.
Gold prices rose after experiencing losses in 10 of the past 12 sessions. Despite the rebound, the precious metal has given up most of its earlier gains in 2026. At its peak in January, gold had surged nearly 23% for the year.
Investors remain cautious despite the temporary pause in energy-related strikes. The Pentagon is reportedly considering deploying up to 10,000 additional ground troops to the Middle East. This move could expand military options while diplomatic efforts continue. Uncertainty around the region continues to shape market sentiment and investment decisions.