U.S. Stock Futures Fall as Oil Tops $100 on Iran Conflict, Sparks Stagflation Concerns

FomoAnxiety · 2026-03-09T12:54:52+00:00

U.S. stock futures declined as oil prices spiked over $100, raising stagflation concerns amid U.S.-Iran tensions. The Dow, S&P 500, and Nasdaq all posted losses after a volatile week, while Hims & Hers Health shares surged due to a deal with Novo Nordisk.

FomoAnxiety

2026-03-09 12:54:52

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U.S. stock futures fell on Monday morning as oil prices surged past $100 per barrel amid escalating U.S.-Iran tensions. The spike in oil prices has raised concerns about a possible stagflation for the U.S. economy, a condition characterized by rising inflation and slowing growth. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.94%, 0.89%, and 0.99%, respectively, at 8:26 a.m. EST on March 9.

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These declines follow a turbulent week on Wall Street. The Dow dropped about 3%, its steepest weekly loss since President Trump’s April 2025 tariff announcement rattled markets. The S&P 500 shed roughly 2%, while the Nasdaq Composite closed down 1.2%.

At the time of writing, West Texas Intermediate (WTI) crude surged 11% to $101.01 a barrel. This marks the first time that WTI crude has crossed the $100 level since 2022, when investors were reacting to the aftermath of Russia’s invasion of Ukraine. Meanwhile, Brent crude gained almost 11% to $102.88 a barrel.

Turning to trending stocks, Hims & Hers Health HIMS -0.88% ▼ shares rallied about 43% after Bloomberg reported that the telehealth company struck a deal with Novo Nordisk NVO -1.25% ▼ to sell the Danish pharma giant’s popular weight-loss medicine on its platform. The deal ends a lawsuit that stopped HIMS from selling a copycat version of Novo Nordisk’s Wegovy.

Meanwhile, Live Nation LYV -2.28% ▼ stock rose more than 6% in Monday’s pre-market trading after Bloomberg reported that the company is nearing an agreement with the Department of Justice (DOJ) over its alleged monopoly over the live concert industry.

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