U.S. stock futures rose on Monday in a shortened session of trading, with fortunes closely tied to oil prices. Up over 100 points at one stage, Dow Jones Industrial Average futures rose 30 points to 15,942, while S&P 500 futures gained 1.75 points to 1,876.75. Nasdaq 100 futures rose 9.75 points, or 0.2%, to 4,149.75. U.S. stock and bond markets are closed Monday for the Martin Luther King Jr. holiday. Stock futures contracts will trade until 1 p.m. Eastern Time. Oil prices were under pressure on Monday as the market began bracing for an influx of Iranian oil after the removal of sanctions on the country. Oil prices fell sharply in Asia, then bounced around in Europe’s open. U.S. crude oil was last hovering at $29 a barrel, off about 4 cents, while Brent crude traded around $28.86 a barrel, down 10 cents, or 0.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News