By Janet H. Cho

Stock futures were dropping Sunday night and crude oil surged above $100 a barrel as the U.S.-Israel attacks on Iran entered their second week.

Shortly after 6 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures were down more than 900 points or about 2%, while S&P 500 futures were down 1.6%, and Nasdaq 100 futures were down 1.7%.

The tumble in oil comes after Brent crude, the international benchmark, jumped 27% last week to above $90 a barrel. West Texas Intermediate oil, the U.S. standard, rose nearly 12% on Sunday evening to $101.56 a barrel. Gasoline prices were also surging with the rise in the price of oil.

Two of the week's economic data highlights are the Bureau of Labor Statistics' consumer price index for February, coming out Wednesday, and the Bureau of Economic Analysis' personal consumption expenditures price index for January, coming Friday.

Last week, the Dow Jones Industrial Average and S&P 500 Index both ended lower, notching their biggest declines in months. The Dow declined 3.0% for the week, in the largest one-week point and percentage decline since the week ended April 4, 2025, according to Dow Jones Market Data. The Dow is down 1.2% year to date.

The S&P 500 closed down 2.0% for the week, its largest one-week point and percentage decline since the week ended Oct. 11. The S&P 500 is down 1.5% so far this year.

The Nasdaq Composite ended last week down 1.2%, in its largest one-week point and percentage decline since the week ending Feb. 13, according to Dow Jones Market Data. The Nasdaq is down 3.7% this year.

Write to Janet H. Cho at janet.cho@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 08, 2026 18:14 ET (22:14 GMT)

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