Wall Street Indexes Dip with Technology Earnings, Rising Oil in Focus
- U.S. stock index futures slipped Wednesday, with Nasdaq E-minis down 0.71% and S&P 500 E-minis declining 0.29%, as investors exercised caution ahead of Big Tech earnings.
- Momentum stalled as volatility in semiconductor shares dented risk appetite, while John Plassard, head of investment strategy at Citè Gestion, warned that doubts regarding AI monetization could challenge the nearly two-year market rally.
- Super Micro Computer surged 16.8% after securing more than $60 billion in new orders, while Texas Instruments slipped 1.7% in premarket trading, tracking broader weakness across semiconductor stocks.
- Threats from Yemen's Iran-aligned Houthis disrupted trade routes, pushing Brent crude prices up 3.5 per cent to their highest since early June, complicating the outlook for central bankers.
- Market attention turns to Alphabet and Tesla, the first of the "Magnificent 7" to report earnings after the bell, while traders price in a 70% chance the Federal Reserve holds rates steady next week.
144 Articles
144 Articles
Wall Street ends mixed as investors focus on tech earnings | Honolulu Star-Advertiser
Wall Street ended mixed today, as investors awaited guidance from major technology companies in a busy week for quarterly earnings, while also worrying that stubbornly high oil prices could force the Federal Reserve to raise interest rates.
The Herald-Dispatch
Stocks drift on Wall Street and crude oil prices drop as Mideast tensions cool
Stocks drifted to a mixed close on Wall Street and oil prices fell after the U.S. and Iran paused their attacks while work resumed on restarting negotiations to end their war. The S&P 500 ended barely changed Monday, up less…
Sydney Morning Herald
ASX set to slide, oil prices keep falling; Trump pushes for rate cut
Stocks are drifting on Wall Street and oil prices fell after the US and Iran paused their attacks while work resumed on restarting negotiations to end the war.
The New York Stock Exchange opened up on Monday, helped by the fall in oil prices with the lull in the Middle East.
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