Dow Futures Drop 395 Points Amid Ongoing Iran Conflict; Crude Oil Prices Rise

AI Summary

Stock futures declined significantly on Monday, with Dow Jones Industrial Average futures falling by 395 points, or 0.87%. The S&P 500 futures dropped over 1%, while Nasdaq-100 futures decreased nearly 1.2%. This followed a four-week losing streak for major U.S. benchmarks. The latest tensions between the U.S. and Iran have resulted in a rise in crude oil prices, with West Texas Intermediate futures up 3.2% to $101.42 per barrel and Brent climbing 1.4% to $113.77. Additionally, Asia-Pacific markets saw major indexes in Japan and South Korea falling over 5%.