Oil Sparks Dip in U.S. Stock Futures Ahead of China Summit

U.S. stock futures slipped overnight as oil prices rose and investors watched the U.S.–China summit, following the S&P 500 and Nasdaq closing at record highs; Nasdaq 100, Dow, and S&P 500 futures were down roughly 0.44%, 0.23%, and 0.28%, while Brent and WTI crude gained about 1%. In regular trading Cisco led a tech rally as the Nasdaq rose about 0.9% and the Dow and S&P 500 gained around 0.8%; after-hours moves included Cerebras’ jump on its debut and SpaceX IPO chatter.