S&P 500 futures test the 200-day MA as oil prices surge on Middle East tensions, sparking selling across US stock futures before Wall Street opens.

Overnight, S&P 500 futures dipped below their 200-day moving average near 6,584 before rebounding. According to BTIG chief market technician Jonathan Krinsky, this may point to a support level in place.

Editor’s Note: The future prices of benchmark tracking ETFs and the headline were updated in the story. U.S. stock futures fell sharply on Monday following Friday’s negative close. Futures of the major benchmark indices were lower amid the ongoing Iran-US conflict.

Why are US stock market index futures down today and S&P 500, Dow Jones and Nasdaq in red? Wall Street futures slide after U.S. and Israeli strikes on Iran. Oil prices rise as Tehran threatens Strait of Hormuz.

S&P 500 futures are up 0.2%. Dow Jones Industrial Average futures are adding 0.2%. Nasdaq 100 futures are gaining 0.2%. On Wednesday, the Dow Jones Industrial Average rose 238 points, or 0.49%, to 48,

The Dow Jones Industrial Average dropped more than 2%, losing over 1,100 points, News.Az reports, citing foreign media. The S&P

Vertiv (VRT) stock rallied 7% after S&P 500 inclusion announcement. The data center infrastructure company joins the index March 23 alongside LITE and SATS.

Why are US stock market index futures down today and Dow Jones, S&P 500 and Nasdaq in red now? Wall Street futures moved lower as investors reacted to Middle East war developments, rising oil prices and inflation concerns.

With U.S. stock markets set to open in two hours, Jazz Pharmaceuticals PLC (JAZZ) was up 10.7% in pre-market trading, and Live Nation Entertainment Inc. (LYV) was up 8.9%.