Why Are Stock Market Futures Tumbling Today, 3/11/26?

FomoAnxiety

2026-03-12 00:22:52

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U.S. stock futures fell late Wednesday as oil prices kept rising in extended trading. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.81%, 0.84%, and 0.76%, respectively, at 8:00 p.m. EDT on March 11.

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Earlier in the evening, Energy Secretary Chris Wright said the U.S. will release 172 million barrels of oil from the Strategic Petroleum Reserve. The fuel will be delivered over about 120 days. The move follows comments from President Donald Trump, who told Cincinnati broadcaster WKRC in an interview that he planned to tap the reserve.

Oil prices continued to climb in extended trading on Wednesday, adding pressure on markets. West Texas Intermediate futures were up more than 6%, trading at around $92 a barrel. Brent crude also surged to about $91 per barrel.

Also, major stock indices ended mostly lower on Wednesday’s regular trading session. The Dow and the S&P 500 fell 0.6% and 0.1%, respectively, while the Nasdaq inched up 0.1%.

Key economic reports due tomorrow include initial jobless claims, building permits, and housing starts. Also, investors await earnings reports from Adobe ADBE -0.52% ▼ , Li Auto LI +2.98% ▲ , Lennar LEN -2.18% ▼ , Dollar General DG -0.79% ▼ , and Ulta Beauty ULTA +0.84% ▲ .

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