Oil Prices Surge on Strait of Hormuz Tensions While Tech Rallies on Nvidia's AI Chip Expansion
Stock futures fell Tuesday as crude prices resumed their upward trajectory following geopolitical tensions in the Middle East , with oil prices jumping 3% to send global benchmark Brent crude back above the $100 mark . Yet the S&P 500 gained 1.01% and the Nasdaq rose 1.23% on Monday , driven by stre