Iran, Oil futures
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April 9 (Reuters) - U.S. stock futures inched lower on Thursday after the indexes rallied in the previous session, as cracks emerged in the fragile Middle East ceasefire, while investors turned their focus to a domestic inflation reading later in the day.
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Oil futures were lower, with WTI and Brent down down 16% and 15%, though the flow of tankers will take time and doubts remain about the shape of a final peace agreement.
U.S. futures were trading modestly lower following surprisingly strong jobs data from the federal government
S&P 500 futures are down 0.35%. Dow Jones Industrial Average futures are down 0.2%. Nasdaq 100 futures are down 0.5%. The S&P 500 is set to decline after four trading days in a row of gains. West Texas Intermediate futures rose more than 2% to $114.
Oil prices plunged and U.S. stock futures soared after President Donald Trump announced "a double sided ceasefire" in the war with Iran.
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Can cotton futures continue to rally?
I asked whether cotton futures were poised to take off to the upside in a March 10, 2026, Barchart article. I concluded the cotton analysis with the following: I view cotton as a compelling candidate for low risk and high potential reward in the current environment.