Stock market today: Dow, S&P 500, Nasdaq futures slammed as oil prices surge to over $100 a barrel.

Futures tied to the Dow (YM=F) dropped astir 2%, oregon implicit 800 points. Contracts linked to the S&P 500 (ES=F) fell 1.7%, portion Nasdaq 100 futures (NQ=F) declined astir 1.5%.

Energy markets were a large operator of the moves. Crude prices spiked precocious Sunday arsenic the struggle successful Iran spurred countries to chopped output, portion the Strait of Hormuz shipping corridor remained shuttered. Kuwait confirmed accumulation cuts but did not specify the scale, portion output successful Iraq is reported to person plunged astir 70%.

US benchmark West Texas Intermediate (CL=F) crude lipid surged astir 18% to much than $107 a barrel. Global benchmark Brent (BZ=F) crude climbed astir 17% to supra $108.

The moves acceptable stocks up to travel past week's downward trend, which saw the Dow Jones Industrial Average (^DJI) suffer astir 3%, marking its steepest play driblet since tariff concerns from the Trump medication rattled markets successful April 2025. The S&P 500 (^GSPC) slid astir 2%, portion the Nasdaq Composite (^IXIC) finished down implicit 1%.

Looking to home economical reports, investors volition beryllium watching intimately for Wednesday's Consumer Price Index and Friday's Personal Consumption Expenditures scale readings, though some won't seizure the effect of oil's melodramatic caller surge connected terms pressures conscionable yet.

On the firm front, net play continues with results from Hewlett Packard Enterprise (HPE) expected aft Monday’s closing bell. Reports from Oracle (ORCL), Adobe (ADBE), and Dick's Sporting Goods (DKS) are scheduled successful the week ahead.