Stock market today: Dow, S&P 500, Nasdaq futures rise as Wall Street crosses fingers for Hormuz reopening
Why it matters: Oil, Fed policy, and AI deals converge to reshape market risk and opportunity this week.
- Dow, S&P 500 & Nasdaq futures climbed 0.6‑0.9% on hopes Hormuz may reopen, yet oil still hovers near $100/barrel, keeping inflation fears alive.
- Federal Reserve is expected to hold rates steady at its two‑day meeting, but officials warn spiking oil could deepen the debate on future tightening.
- Nvidia launched its GTC conference, reinforcing the AI hype that fuels broader market optimism and related deals.
- Nebius & Meta sealed a $12 bn AI infrastructure agreement, sending Nebius shares up 14% and hinting at Meta’s possible AI‑cost layoffs.
Wall Street futures nudged higher as investors balance soaring oil prices from the Hormuz blockage, an upcoming Fed rate decision, and a wave of AI‑centric corporate moves—from Nvidia’s conference to Meta’s $12 bn cloud pact with Nebius.
