Inflation Fears and Oil Rally Drag U.S. Futures

U.S. stock futures fell Friday as investors weighed inflation concerns and higher oil prices, with Nasdaq 100, Dow, and S&P 500 futures down about 1.61%, 0.69%, and 1.11%; Brent crude rose to around $109 and WTI to about $105 per barrel amid geopolitical tensions surrounding Taiwan, Iran, and the Trump-Xi summit. In Thursday trading, Cisco led a tech rally as the Nasdaq and the S&P 500 posted record highs, while Cerebras jumped after its IPO debut in after-hours trading and SpaceX IPO prospects circulated; Europe and Asia markets were weaker on inflation risk and higher rates.