Oil Prices Soar as US Stocks Look to Bounce Back on Wall Street
US stock market futures are pointing to a positive trading day on Friday, October 2. The S&P 500, Dow Jones, and Nasdaq indexes have seen their futures rise. Investors are hoping for a good day after recent volatility in the markets.
The price of oil is also playing a key role, with Brent crude up 4.4% to $102.31 per barrel due to uncertainty over the Iran conflict. Non-farm payrolls data will be released on Friday, which could have an impact on trading.
On Thursday, the Dow Jones rose 20.51 points to 50,926.56, while the S&P 500 gained 14.91 points to 7,666.45. The Nasdaq Composite also rose, up 10.53 points to 26,871.60.
Stocks benefiting from artificial intelligence technology have been performing well, with Micron Technology's stock rising 3% after a strong profit report. Nvidia and Applied Materials also saw gains.