OPEC+ cuts complicate Fed's job as oil prices remain steady.
TL;DR Summary
Stock futures were flat as investors weighed a spike in oil prices that led the S&P 500 higher to start the new trading month. The Dow and S&P 500 are coming off their fourth straight day of gains, while the Nasdaq slipped. Traders continued to monitor moves in the energy market after OPEC+ announced it was slashing output by 1.16 million barrels of oil per day. Analysts say the prospect of higher oil prices could stoke inflation and recession fears. The Reserve Bank of Australia has held its benchmark interest rate at 3.6%.
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