TechFlow News: On March 6, U.S. stock index futures declined amid soaring oil prices and concerns over energy supply shocks stemming from the protracted conflict in the Middle East, concluding a volatile week. This intensified inflation concerns and triggered market worries about potential damage to economic growth and corporate earnings. Adam Crisafulli, founder of Vital Knowledge, noted that U.S. stock index futures had been flat to slightly higher before Qatar issued a warning that energy exports might halt. Michael O’Rourke, Chief Market Strategist at JonesTrading, described the equity market’s reaction as a “mechanical move” to rising crude oil prices. Amid geopolitical uncertainty, active fund managers have been scaling back positions this week, while algorithmic models are driving price action. (Jinshi)
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