Rising oil prices and bond yields pressure global equities as markets await U.S. PPI data and critical earnings reports from Oracle and Adobe.
Brent crude surged above $103 on escalating US-Iran tensions and supply disruption fears.
ServiceTitan cratered over 29% after issuing below-consensus Q3 revenue guidance.
WTI climbed above $99 as Middle East hostilities intensified.
Casey's General Stores tumbled over 14% after reporting weaker-than-expected same-store sales growth.
Nasdaq 100 E-Mini futures down 0.66% due to pressure on tech stocks.
Comcast slumped over 6% after warning of broadband subscriber losses amid fiber competition.
Meta climbed over 6% after positive analyst response to its AI assistant launch, with Morgan Stanley suggesting it could dominate a $30T consumer AI market.
S&P 500 E-Mini futures fell 0.15% amid rising oil and bond yields.
Rocket Lab shares jumped after unveiling a new solar cell for space applications.
Shanghai Composite fell 0.43% amid geopolitical tensions and low turnover.
Oracle's earnings are awaited as a barometer for AI financing, but no price movement yet.
Nvidia CEO compared AI to electricity, signaling massive growth potential, which may positively influence NVDA.
Euro Stoxx 50 fell 0.13% as tech stocks declined and oil gains weighed on sentiment ahead of ECB.
Nikkei 225 edged up 0.20%, bucking regional weakness.
Adobe's quarterly results are due today, but no pre-market reaction mentioned.
Macy's quarterly report is expected but no early sentiment signal.
Copart earnings are coming but no directional catalyst provided.
Microsoft was mentioned in context of business segment reorganization, but no clear price catalyst.
S&P 500 and Nasdaq 100 futures retreated as Brent crude surged past $103 per barrel, fueled by escalating U.S.-Iran hostilities. Investors are bracing for U.S. producer inflation data and key earnings from Oracle, while bond yields climb on persistent inflation concerns.
Markets are reacting to surging oil prices caused by Middle East geopolitical tensions, rising bond yields, and investor caution ahead of U.S. producer inflation data.