US stock futures rise after rate concerns, Exxon Mobil reports earnings hit

From Investing.com: 2025-01-08 06:01:47

U.S. stock index futures rose after sharp losses due to uncertainty over future interest rate cuts. Wall Street indexes fell on Tuesday with the Dow down 1.1%, S&P 500 down 1.9%, and Nasdaq down 0.4%. Economic data pointed to job openings increase and inflationary pressures, potentially impacting Fed decisions. Exxon Mobil and Shell warned of earnings hits.

Oil prices rose on US inventory drop and OPEC production decline. US crude futures climbed to $74.50 a barrel and Brent rose to $77.10. US oil inventories fell by over 4 million barrels, exceeding expectations. OPEC countries saw decreased production in December, with maintenance in UAE offsetting Nigerian output increase.



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