S&P 500 Futures Steady as Traders Await Inflation Data Amid Oil Surge

S&P 500 futures remained flat as investors brace for crucial inflation data that could impact market trends. Following a significant selloff, the Dow dropped 700 points, influenced by rising oil prices which exceeded $100 a barrel, exacerbated by ongoing tensions in Iran. These developments are critical as they not only affect consumer sentiment but also have broader implications for monetary policy. Analysts predict that the inflation report will further shape trading strategies and market expectations in the coming weeks.