U.S. stocks may face a "Black Friday" as stock index futures decline alongside soaring oil prices

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Deep Tide TechFlow News, March 6 — Due to soaring oil prices and the prolonged Middle Eastern conflict causing an energy supply shock, U.S. stock index futures declined, ending a turbulent week. This heightened inflation concerns and sparked market worries about potential impacts on economic growth and corporate profits. Adam Crisafulli, founder of Vital Knowledge, noted that U.S. stock futures had been flat to slightly up before Qatar issued warnings that energy exports might cease. Michael O’Rourke, Chief Market Strategist at JonesTrading, said the market’s reaction was a “mechanical movement” in response to rising oil prices. Due to geopolitical uncertainties, active fund managers have been reducing their positions this week, with mechanized models driving price movements. (Jin10)

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