Stock Futures Recover as Crude Oil Prices Fall for the First Time Since U.S.-Iran Conflict

FomoAnxiety · 2026-03-04T13:43:29+00:00

Stock futures increased on Wednesday despite rising U.S.-Iran tensions, supported by assurances from Treasury Secretary Scott Bessent regarding oil flow. Major indexes dropped Tuesday, with mixed performances from individual stocks like Moderna, GitLab, and Ross Stores.

FomoAnxiety

2026-03-04 13:43:29

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Stock futures trended higher on Wednesday morning despite the escalating U.S.-Iran conflict. Oil prices fell after Treasury Secretary Scott Bessent assured that the U.S. would make several announcements to ensure the flow of oil through the Persian Gulf. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.51%, 0.30%, and 0.23%, respectively, at 8:30 a.m. EST on March 4.

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During Tuesday’s regular trading, the three major indexes closed lower after early-session plunges marked some of their worst declines in years. The S&P 500 closed down 0.94%, while the tech-heavy Nasdaq Composite and the Dow Jones fell 1.02% and 0.83%, respectively.

President Trump stated last night that the U.S. Navy stands ready to escort tankers through the Strait of Hormuz despite Iran’s actions. Nonetheless, oil prices continued rising on supply fears, with Brent crude up 2.55% at $83.95 per barrel, near its highest since January 2025.

Turning to trending stocks, Moderna MRNA -5.71% ▼ shares rose more than 9% in Wednesday’s pre-market trading as the biotechnology company agreed to pay up to $2.25 billion to settle a Covid vaccine patent lawsuit with Biopharma Corporation and Genevant Sciences GmbH.

Meanwhile, GitLab stock fell more than 11% after the software company issued a disappointing Fiscal 2027 outlook. In contrast, Ross Stores ROST -2.30% ▼ stock jumped 7% after the off-price retailer reported upbeat fiscal first-quarter results.

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