US Stock Futures Fall and Oil Prices Rise on Energy Crisis Disruptions and Pre-Payroll Caution

TradingKey - The three major US stock index futures plunged in unison, with Nasdaq futures falling over 0.5% intraday, Dow Jones futures down over 0.3%, and S&P 500 futures down 0.46%.

According to reports, Qatar stated that Gulf nations may be forced to halt energy exports within weeks. Qatari Energy Minister Saad al-Kaabi warned the conflict could drive oil prices to $150 per barrel.

The US Dollar Index surged in the short term, rising 0.2% on the day, while WTI crude oil jumped over 4% to $84.28 per barrel.

US Treasury yields climbed rapidly, with the 2-year yield up more than 4 basis points at 3.627% and the 10-year yield rising nearly 3 basis points to 4.173%.

Investors are watching the non-farm payrolls and employment data at 8:30 AM ET today. If the data remains resilient, it may further erode rate-cut expectations, which, combined with oil-driven inflation fears, could put further downward pressure on US stocks.