US Stocks Edge Higher Amid Oil Price Hike and Geopolitical Uncertainty

US stock futures experienced a cautious tone on Friday, August 14, following a record-setting session for the broader market. The S&P 500 and Nasdaq futures rose by around 0.1% and 0.2%, respectively, as investors weighed easing inflation pressures against the risk of higher energy prices adding to inflation and affecting Federal Reserve policy.

Rising oil prices due to increased Middle East tensions contributed to the cautious market sentiment. Brent crude prices moved higher after further attacks involving ships around the Strait of Hormuz added to concerns over energy supplies.

Investors are also preparing for key US economic indicators, including July retail-sales data and the University of Michigan's preliminary August consumer-sentiment reading. These reports could provide fresh insight into consumer spending and influence expectations for Federal Reserve policy.