Dow Jones Futures: Micron Earnings Crush Views But Oil Prices Hit $100 After Powell Sinks Stocks

U.S. stock futures declined sharply as oil prices surged to $100 per barrel, marking a critical threshold amid geopolitical tensions and supply concerns. Federal Reserve Chair Powell’s cautious remarks on economic policy triggered sell-offs, pushing the Dow Jones and S&P 500 below recent lows as investors braced for prolonged monetary tightening. Micron Technology reported earnings far exceeding expectations, but its stock fell due to broader market pessimism and concerns over semiconductor demand despite strong financial performance. The divergence between Micron’s robust results and its stock decline highlights investor prioritization of macroeconomic risks—like oil shocks and Fed policy—over individual corporate fundamentals. Market volatility intensified as energy costs and monetary uncertainty overshadowed corporate earnings, signaling a potential shift in investor sentiment toward defensive assets.