SpaceX shares rise while Dow futures edge lower amid climbing oil prices and geopolitical tensions.
Dow Jones Industrial Average futures fell 0.1% ahead of Monday’s open, pressured by rising oil prices as U.S.-Iran negotiations showed no progress. S&P 500 futures traded fractionally higher, while Nasdaq futures remained mixed.
The S&P 500 and Dow had previously hit record highs last week, driven by strong earnings and easing yields. Oil prices climbed further Monday, adding to inflation concerns as geopolitical risks persisted.
SpaceX stock extended gains, outperforming broader markets as investors focused on key earnings movers like Palantir and Sandisk.