US stock market today: S&P 500, Dow futures steady after 3-week winning streak; oil rises on Hormuz risks
New Delhi, Aug. 17 -- US stock futures were coming off a solid three-week winning run as tensions in the Middle East escalated over the weekend, keeping crude oil prices higher and offsetting falling expectations of a rate hike.
Futures tied to the S&P 500 rose 0.1%, while Nasdaq 100 futures gained 0.5%. Dow Jones Industrial Average futures slid 88 points, or 0.2%. In pre-market trade, Alibaba and Intel shares were up 1.5% each, while SoFi Technologies gained 2%.
All three indices closed higher for the last three weeks, with the S&P 500 notching a fresh all-time high, as a blockbuster earnings season buoyed investor sentiment. Robust earnings from several megacap companies eased some valuation concerns, drawing investors back towards AI...
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