【US Pre-Market】Strait of Hormuz Risks Lift Oil Prices, Salesforce Leads Gains, Memory Chip Stocks Under Pressure as Micron Falls Over 2%
TradingKey - On Monday, October 12, Eastern Time, futures tied to the three major U.S. stock indexes were mixed in pre-market trading. Trading was relatively subdued due to the Columbus Day holiday, as investors awaited earnings reports from major banks this week and the U.S. September CPI data. Meanwhile, tensions in the Middle East and shipping risks in the Strait of Hormuz pushed oil prices higher again, capping risk appetite for tech stocks.
TradingKeyMon, Oct 12