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Investing.com - U.S. stock futures traded below the flatline on Wednesday as oil prices climbed above $100 a barrel and investors awaited inflation data that could reinforce expectations for the Federal Reserve to raise interest rates later this month.
By 06:13 ET (10:13 GMT), S&P 500 futures had fallen 19 points, or 0.3%, while Nasdaq 100 futures were down 134 points, or 0.5%. Dow Jones futures had slipped 206 points, or 0.4%.
The rise in oil prices has added to concerns about inflation, potentially complicating the Federal Reserve's policy outlook. Higher energy costs can feed into broader prices for consumers and businesses, while stronger inflation could make investors more cautious about interest-rate-sensitive growth stocks.
Meta Platforms shares surged 3.6% in premarket trading after the company officially launched Muse, its autonomous artificial intelligence personal agent on Tuesday evening.