Dow falls nearly 800 points
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Oil futures surged Monday after the United States and Israel launched strikes against Iran over the weekend.
On Monday evening, Oil edged higher, and U.S. stock futures slipped after Iranian state media reported that Tehran has closed the Strait of Hormuz and warned it would fire on any vessel attempting to pass.
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Stock futures are slightly higher this morning after two days of volatile trading, as investors assess the potential impact of the conflict in the Middle East; U.S. officials said Iran’s fighting capacity has been diminished while Saudi Arabia said a strike on an oil processing plant caused little damage;
U.S. stock futures pointed lower to cap what's been a losing week for equities as investors awaited the release of the key inflation report. Dow Jones Industrial Average futures fell 0.32%, to 49367.
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