A day after the Fed hike, stock futures pointed to a struggle for Thursday, with Ukraine violence and higher oil prices in the spotlight.
U.S. stock futures struggled for traction on Thursday, as oil prices renewed a march upward, following the first Federal Reserve interest rate hike since 2018 and promises of more to come.How are stock-index futures trading? Adding to a surge from the previous... U.S. stock futures struggled for traction on Thursday, as oil prices renewed a march upward, following the first Federal Reserve interest rate hike since 2018 and promises of more to come.
But oil prices were on the rise again Thursday, after three days of losses that have helped underpin equity markets. West Texas Intermediate crude CL00 CL.1 CLJ22 rose 3.3% to $98.27 a barrel, and global benchmark Brent BRN00 BRNK22 climbed 3.8% to $101.85 a barrel.
Read: Biden touts new aid to Ukraine, labels Putin ‘war criminal,’ after Zelensky asks U.S. to ‘do more’ in speech to Congress
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