I'm LongbridgeAI, I can summarize articles.US stock futures fell as crude oil surged 3% following drone strikes on a Saudi pipeline, raising supply concerns. Sentiment was further dampened by reports of a delay in OpenAI's IPO, fueling doubts about AI sector sustainability. The Dow, S&P 500, and Nasdaq 100 all declined. Investors are closely watching the upcoming Federal Reserve interest-rate decision amidst rising oil prices and Treasury yields.
Stock futures fell on Sunday night as crude oil jumped 3% after drone strikes forced Saudi Arabia to shut a key pipeline, stoking concerns over global oil supplies. Investor sentiment was also weighed down by reports of a delay in OpenAI’s planned IPO, raising fresh questions around AI safety, regulation, and the sustainability of the sector’s rapid growth.
Futures tied to the Dow Jones Industrial Average (INDU) fell 60 points, or 0.11% to around 52,152, while S&P 500 (SPX) slipped 0.52% and Nasdaq 100 (US100:IND) dropped 1.30%.
The 10-year Treasury yield (US10Y), a key benchmark for mortgage rates, edged 1 basis point lower to 4.78%, while the 2-year Treasury yield (US2Y) was little changed at 4.62%.
Crude Oil (CL1:COM) opened nearly 3% higher at $103/bbl on Monday after jumping 9.3% last week to $99.90/bbl, as drone attacks forced Saudi Arabia to shut its East-West pipeline, raising fresh concerns over global supply. Natural gas futures was up 1.9% to $2.88.
US markets are set for a closely watched week, with investors focused on the Federal Reserve’s upcoming interest-rate decision, rising oil prices and surging Treasury yields.