AI Jitters, Oil, France Turmoil Damp Wall Street Pre-Bell; Asia, Europe Off

MT Newswires Live10-20 19:24

Wall Street futures pointed unevenly lower pre-bell Tuesday as AI-related concerns again pressured investor sentiments, alongside higher crude prices and sustained civil unrest in France.

In the futures, the S&P 500 fell 0.1%, the Nasdaq declined 0.6%, but the Dow Jones was up 0.1%.

Shares in neocloud operator CoreWeave (CRWV), considered something of a bellwether for the sector, traded down nearly 5% pre-bell, on renewed concerns regarding the company's debt-load.

The VanEck Semiconductor fund (SMH) traded down 1.4% pre-bell.

West Texas Intermediate crude oil traded 2% higher at $100.61, and 10-year US Treasuries offered 5.12%, in morning action.

Asian exchanges traded mostly lower overnight in a tech slide, with Seoul's semiconductor-laden KOSPI index falling back 3.7%.

European bourses tracked moderately lower midday on the continent, as turmoil on France's streets and storefronts persisted.

GE Aerospace (GE) traded up 1.9% pre-bell after the defense contractor posted Q3 earnings, revenue and guidance above expectations, in pre-market release.

In the earnings scene, Space Exploration Technologies (SPCX) and Netflix (NFLX) are slated to report earnings after-bell.

On the economic calendar is the housing starts and permits report at 8:30 am ET, followed by the pending home sales index, both for September, at 10 am.

In pre-market action, Bitcoin traded at $81,455 and spot gold commanded $4,141 an ounce.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment