S&P 500 futures extended losses, hitting an intraday low and down 0.6%.

WTI crude fell below $96/bbl, down 2.03% intraday. Brent dropped below $95/bbl, down 2.36% intraday.

Yardeni, long regarded as Wall Street’s most bullish forecaster, says its S&P 500 target is 8,250 but has grown more cautious after the index cleared 7,600. The firm cited Middle East tensions, oil-supply risks, possible Federal Reserve tightening and a wave of upcoming IPOs as near‑term drivers of market volatility. It remains optimistic on the medium term, citing strong earnings momentum and AI‑driven economic growth as market supports.