Dow, S&P, Nasdaq Futures Jump on Oil Drop and Iran Optimism
Dow, S&P, and Nasdaq futures are pointing to a higher open as oil and Treasury yields fall, Iran diplomacy hopes build, and the Trump-Xi meeting draws closer.
MarketCatalystDow, S&P, and Nasdaq futures are pointing to a higher open as oil and Treasury yields fall, Iran diplomacy hopes build, and the Trump-Xi meeting draws closer.
Stocks recovered Thursday as oil prices and Treasury yields eased a day after the Federal Reserve's first rate hike since 2023, with technology and semiconductor stocks leading the way.
Dell and Hewlett Packard Enterprise led a broad AI-hardware rally today, while speculative small modular reactor stocks like Oklo and NuScale Power sold off sharply, in a session that split winners and losers along a clear line.
Stocks rallied sharply even as a hotter-than-expected core inflation reading pushed the odds of a Fed rate hike next week to 90%, with semiconductors leading the charge as Oracle's blowout earnings continued to ripple through the AI trade.
Samsung and SK Hynix fell more than 3% in Seoul after the Chinese AI startup said its new V4.1 Flash model needs far less high-bandwidth memory, reviving doubts about AI's chip appetite even as prices stay elevated on near-term shortages.
U.S. stocks fell for a fourth straight session as oil surged more than 7% on Iran escalation, the 10-year Treasury yield hit its highest level since 2023, and hot PPI data pushed Fed rate-hike odds to 76% ahead of Oracle's earnings tonight.