Stocks are likely to move to the downside in early trading on Monday, adding to the steep losses posted last week. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 futures down by 1.0 percent.
The downward momentum on Wall Street comes amid an extended surge by the price of crude oil, which has skyrocketed above $100 a barrel for the first time since 2022.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.