Oil futures neared $90 a barrel as geopolitical tensions in the Middle East showed no signs of easing.
Stock futures edged higher ahead of the opening bell, signaling a cautious start for major indexes.
Investors focused on the potential for supply disruptions in oil-producing regions.
The rise in energy prices added pressure to inflation concerns.
Markets remain sensitive to any escalation in the region.
Defensive sectors saw modest gains as traders shifted toward safer assets.
Technology stocks traded mixed following recent volatility.
U.S. benchmark crude rose sharply in overnight trading.
Bond yields held steady as traders weighed economic data due later this week.
Analysts suggested the oil rally could test consumer spending data in coming months.
Corporate earnings reports continued to offer mixed signals.
Some logistics firms flagged increased shipping costs tied to conflict routes.
Retail stocks showed early weakness on fears of reduced discretionary spending.
Energy shares climbed, leading sector performance in premarket activity.
The dollar strengthened slightly against major currencies.
Treasury yields remained stable near recent levels.
The Federal Reserve’s next policy meeting remains a key focus for traders.
