US Stock Market Futures Edge Lower Amid Oil Rebound, Tempering Relief Rally

US Stock Market Outlook for March 24

The US stock market is expected to open with mild losses on Tuesday, March 24, as crude oil prices rebound following Iran's denial of talks with the United States to end the war in the Gulf.

Market Indices Futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq are trading with losses of 0.1%–0.2%. The previous session saw all major averages rise more than 1% after US President Donald Trump signalled a delay in strikes on energy infrastructure for five days.

Global Tensions Iran has reportedly continued its barrages targeting Israel and Gulf Arab states, keeping tensions in West Asia elevated. Iranian parliament Speaker Mohammad Bagher Qalibaf stated that "no negotiations have been held with the US," contradicting Trump's claims of productive conversations.

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Economic Data Investors will be monitoring a flash estimate of S&P Global's gauge of business activity in March, alongside comments from Fed Governor Michael Barr.

Commodity Markets Crude prices have rebounded, with Brent rising back to $104 a barrel in morning trading, up more than 40% since the war began on February 28. WTI crude futures jumped nearly 5% to the day's high of $92.26 a barrel. Elevated oil prices risk fueling inflation and reinforcing expectations of policy tightening.