Stock market today: Dow, S&P 500, Nasdaq futures slammed as oil prices surge to over $100 a barrel.

Futures tied to the Dow (YM=F) dropped astir 2.1%. Contracts linked to the S&P 500 (ES=F) fell 1.7%, portion Nasdaq-100 futures (NQ=F) declined astir 1.5%.

Energy markets were a large operator of the moves. Crude prices spiked precocious Sunday owed to reduced output portion the Strait of Hormuz shipping corridor remained shut. Kuwait confirmed accumulation cuts but did not specify the scale, portion output successful Iraq is reported to person plunged astir 70%.

US benchmark West Texas Intermediate (CL=F) crude lipid surged astir 13% to much than $103 a barrel. Global benchmark Brent (BZ=F) crude climbed astir 10% to $102.31.

The moves are seeing equities travel past weeks downward inclination which saw the Dow Jones Industrial Average (^DJI) suffer astir 3%, marking its steepest play driblet since tariff concerns from the Trump medication rattled markets successful April 2025. The S&P 500 (^GSPC) slid astir 2%, portion the Nasdaq Composite (^IXIC) finished down 1.2%.

Looking to home economical reports, investors volition beryllium watching intimately for Wednesday's Consumer Price Index and Friday's idiosyncratic depletion scale readings for an denotation connected however rising lipid prices are impacting US consumers.

On the firm front, net play continues with results from Hewlett Packard Enterprise (HPE) expected aft Monday’s closing bell. Reports from Oracle (ORCL), Adobe (ADBE), and Dick's Sporting Goods (DKS) are scheduled successful the week ahead.