US Stocks Catch a Bid as Oil Tumbles With Iran Conflict Pause

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Or sign-in if you have an account.pmt{t{lao[twqh3ii}b]fcq0_media_dl_4.png Bloomberg(Bloomberg) — US stock futures rallied as oil prices slid with the US pausing strikes against Iran and tankers sailing for a recently-disrupted Kazakh export terminal, easing supply pressures.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountS&P 500 futures were 1% higher as of 6:50 a.m. in New York, with Nasdaq 100 contracts climbing 1.7%. Top S&P 500 gainers on a value basis included Micron Technology Inc., Sandisk Corp. and Nvidia Corp. West Texas Intermediate crude traded around $83.“The main market risk remains the energy and shipping front,” Deutsche Bank strategist Jim Reid writes in a Monday note. “For now, the market is treating the lull as a positive development, although the situation remains highly fluid.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againAttention turns next to a slew of earnings later this week, with more than 170 companies in the S&P 500 set to report. Artificial-intelligence capital spending is in sharp focus, with last week’s selloff in Alphabet Inc. signaling concern. Nvidia’s fresh round of AI infrastructure deals are also highlighting the circular financing supporting the AI boom. Even so, rotation out of large-cap tech is likely about three-quarters of the way through as positioning has fallen sharply, according to Deutsche Bank strategists. Meanwhile, traders get a new avenue for investing on Monday as CME Group launches single-stock futures. The contracts, on more than 50 of the biggest US companies offer leverage without the complexity of options and will be cash-settled on the closing price of the stocks they’re tied to. Memory, after CXMT’s debut in Shanghai and a WSJ report of Micron Technology Inc. warning the US against letting US companies buy China chips.—With assistance from Neil Campling and Subrat Patnaik.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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