U.S. Stocks May Face "Black Friday" as Stock Index Futures Fall Amid Surging Oil Prices

Odaily News: U.S. stock index futures fell, capping off a volatile week, as surging oil prices and the shadow of a prolonged war in the Middle East raised concerns about energy supply shocks. This has heightened inflation worries and sparked market fears about potential damage to economic growth and corporate profits. Adam Crisafulli, founder of Vital Knowledge, noted that U.S. stock index futures had been flat to slightly higher before Qatar's warning about a potential halt in energy exports. Michael O'Rourke, chief market strategist at JonesTrading, stated that the stock market's reaction was a "mechanical move" in response to rising crude oil prices. Due to geopolitical uncertainty, active fund managers have been scaling back their positions this week, and mechanistic models are currently determining prices. (Jin10)