Stock Market Update
13-Apr-26 09:12 ET
Futures point to lower open as Strait of Hormuz blockade is set to go into effect
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -32.00. Nasdaq futures vs fair value: -110.00.
The stock market is poised for a lower open this morning, pressured by a spike in crude oil prices following the breakdown of U.S.-Iran negotiations over the weekend.
A U.S. blockade of the Strait of Hormuz is set to take effect this morning, adding a new layer to the conflict.
Still, futures are well off their worst levels of the morning. That said, Dow futures remain under pressure, weighed down by Goldman Sachs (GS 868.44, -39.46, -4.3%), which continues to slide in the premarket despite topping earnings estimates, as weakness in its fixed income division offset the headline beat.
