Stock market update: Dow, S&P 500, and Nasdaq futures decline as oil prices drop following a turbulent session on Wall Street

Market Update: US Stock Futures Decline After Volatile Trading

Late Monday, US stock futures dropped following a day marked by significant swings. Earlier, stocks had bounced back sharply after being pressured by rising oil prices.

Dow Jones Industrial Average futures were down 0.3%. S&P 500 futures fell by 0.4%, and Nasdaq 100 futures slipped about 0.5%.

Oil Prices Retreat Following Trump’s Remarks

Oil prices saw a rapid decline after former President Trump indicated that the conflict with Iran was mostly resolved. In an interview with CBS News, Trump described the situation as “very complete, pretty much,” noting that opposing forces had lost much of their naval and air strength. He also stated that progress was well ahead of the initial four-to-five week military estimate.

The oil market responded immediately. West Texas Intermediate crude dropped to around $88 per barrel after briefly surging above $119 overnight. Brent crude also fell, settling near $92 per barrel.

G7 Energy Ministers to Discuss Strategic Reserves

On Tuesday morning, energy ministers from G7 nations will meet virtually to consider whether to release oil from the International Energy Agency’s strategic petroleum reserves.

Upcoming Economic Data and Corporate Earnings

This week, several key inflation reports are expected. The Consumer Price Index for February will be released Wednesday, followed by January’s Personal Consumption Expenditures index on Friday. These reports will not reflect the recent surge in oil prices.

On the business front, investors are watching for earnings announcements. Oracle will report results on Tuesday, and Adobe is set to release its earnings on Thursday.

Live Market Coverage Coming Soon

LIVE COVERAGE BEGINS SOON

Stay tuned for real-time updates on the stock market for Tuesday, March 10, 2026.