Hormuz Shadow Looms: Could Brent Hit $150 and Stall the AI Rally Tonight?
📅 May 11, 2026 · 09:15 AM EDT | Wall Street Daily Briefing Pre-Market Snapshot US equity futures are showing a slight dip, indicating a cautious open for the market tonight. Asian markets presented a mixed picture, with a notable surge in South Korea's KOSPI index, while European bourses largely traded lower. This tentative sentiment appears primarily driven by escalating geopolitical tensions, especially concerning energy security, which could introduce volatility as the US market opens. As of this pre-market check, S&P 500 Futures stand at 7410.25 , down 0.12%, while NASDAQ Futures are at 29303.75 , registering a modest 0.10% decline. Dow Futures also reflect this hesitancy, trading at 49652.0, down 0.08%. In contrast, the Russell 2000 Futures show a slight positive momentum, up 0.06% at 2869.4, suggesting some rotation into smaller caps. Overnight, Asia saw Japan's Nikkei 225 close down 0.47% at 62417.88, while Hong Kong's ...