Wall Street futures slip as higher oil prices fuel inflation worries ahead of Fed meeting

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Daily Edge by TradeZero

S&P 500: 6,699.38 (+67.19, 1.01%) Dow Jones: 46,946.41 (+387.94, 0.83%) NASDAQ: 22,374.18 (+268.82, 1.22%) Market close: March 16, 2026

Breaking News

  • U.S. stock index futures slipped due to higher oil prices near $100/barrel, fueling inflation worries ahead of the Federal Reserve meeting.
  • Wall Street cooled from a tech-driven rebound; S&P 500 saw its biggest one-day jump in over a month.
  • Nvidia stated its AI chip revenue opportunity could reach $1 trillion through 2027, shares flat premarket after Monday's 1.6% rise.
  • Middle East conflict expected to keep Strait of Hormuz shut, pressuring global energy markets.

EdgeUp

  • Bitcoin surprises as oasis of calm while Iran war jolts markets
    • Cryptocurrencies (Bitcoin up nearly 14% since war began) showed resilience amid volatility in equities, gold, and oil.
  • Goldman Sachs warns oil’s biggest shock will hurt fuels most
    • Oil market shock to impact refined products (jet fuel, diesel) more than crude due to disruptions in medium-heavy crude supplies.
  • Beyond Meat to delay annual report as preliminary Q4 revenue misses expectations
    • Preliminary Q4 revenue below expectations; delay in annual report due to inventory review; shares fell 4.1% in extended trading.
  • Senators tell ByteDance to immediately shut down Seedance AI video app
    • Sens. Blackburn and Welch called for a halt to ByteDance's Seedance 2.0 AI app due to copyright and intellectual property concerns.
  • Upstart stock rises as analyst says investors are ignoring a key catalyst
    • Upstart Holdings upgraded to buy by BTIG analyst, citing potential lower costs and reduced regulatory risks from becoming a bank.
  • Alibaba launches agentic AI tool for businesses with Slack, Teams integration plans
    • Alibaba released Wukong, an agentic AI tool for enterprise customers, to manage multiple agents for tasks like document editing and research.
  • Amazon launches 1 hour shipping in US cities to challenge Walmart
    • Amazon expands speedy delivery (1-hour, 3-hour shipping) in major U.S. cities to compete with Walmart, also offering 30-minute grocery delivery in select locations.

Escalate or De-Escalate?

  • Markets closed lower for the third straight week; major indexes down 3-5% YTD.
  • Primary driver: surge in oil prices above $100 due to Middle East conflict, reigniting inflation fears and reducing Fed rate cut expectations.
  • Economic data (job losses, rising unemployment, lower GDP estimates) added to concern, bringing stagflation fears into focus.
  • Rate expectations adjusted, reducing projected 2026 cuts.
  • Despite volatility, the broader trend remains constructive; S&P 500 is within a normal pullback range, and geopolitical shocks tend to have short-term effects.

Top 5 Movers In Early Pre-Market

1) LIDR: +36.77% 2) CTRN: +19.99% 3) PLBY: +15.25% 4) GLSI: +14.86% 5) JVA: +14.51%

Today’s Economic Dates

10:00 AM: Pending home sales (Feb.) 10:00 AM: Home builder confidence index (March)

Yesterday's’s Biggest Movers

1) ULY: +164.53% * Entered agreement to acquire Urgent.ly, Inc. for $5.50 per share. 2) CTMX: +44.23% * Commenced an underwritten public offering of common stock and pre-funded warrants. 3) DSGR: +35.01% * Announced full year and Q4 2025 financial results.

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