Dow futures tumble over 1,000 points as U.S. oil nears $120 a barrel to begin the week's trading: Live updates - CNBC
Why it matters: Rising oil fuels inflation fears, putting pressure on stocks and portfolio returns.
- Dow Jones futures tumbled more than 1,000 points, the steepest drop in weeks (CNBC).
- U.S. crude oil surged to near $120 a barrel, its highest level since 2023, driving the market sell‑off (Yahoo Finance).
- Investors are scrambling to reassess inflation risk as higher energy costs threaten corporate earnings (CNBC).
- Analysts split on the outlook: some warn the price spike could linger, while others view it as a short‑term shock (Yahoo Finance).
U.S. equity futures plunged as crude oil surged toward $120 a barrel, slashing the Dow by over 1,000 points and igniting widespread market anxiety.
