Dow futures plunge on Tuesday: 5 things to know before Wall Street opens

Market Overview - US stock futures are under pressure with S&P 500 futures down 0.3%, Nasdaq 100 futures declining over 0.4%, and Dow Jones futures dropping over 120 points [1][2] - Global stock markets are experiencing volatility due to the US-Iran war, which has led to oil prices reaching multi-year highs [2][3] Oil Market Impact - Oil prices surged around 4% on Tuesday, with Brent crude remaining above $100 per barrel, and analysts expect high prices to persist in the coming weeks due to ongoing conflict [2][3] - The escalation in the Middle East is significantly impacting global energy prices, contributing to market pressures [8] Earnings Reports - Key companies reporting results include Lululemon, DocuSign, and Oklo, with investors focusing on Lululemon's margins and 2026 outlook, DocuSign's billings and subscription growth, and Oklo's cash burn and project development [4][5] Central Bank Actions - The Reserve Bank of Australia raised its benchmark rate by 25 basis points to 4.1%, reversing two previous rate cuts, indicating persistent inflation concerns [5][6] - Economists anticipate further rate increases, potentially reaching around 4.35% by the end of 2026 [8] Nvidia and AI Sector - Nvidia is in the spotlight during its GTC conference, with significant interest from investors following a bullish outlook from Morgan Stanley [8] - Despite the interest, Nvidia's stock is currently about 13.5% below its October high and has seen a slight decline in 2026 [8]