S&P 500, Nasdaq Close Lower; Futures Slide Further as Focus Turns to Tech Earnings and Rising Geopolitical Risk — TSLA, GOOGL, PSKY, RDDT, AMZN in Focus
AI Market Summary
Escalating US-Iran conflict risk (an 11th reported US strike and remarks that Iran is not negotiating seriously) is driving a sharp bid in crude, with Brent briefly above $95 and WTI up ~3%. Higher energy prices reinforce inflation and risk-premia concerns, weighing on equities as the S&P 500 and Nasdaq 100 fell. Tech also pressured indices as earnings and capex worries hit TSLA, GOOGL, RDDT and AMZN.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT+2.71%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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Geopolitical tensions escalated sharply after the U.S. carried out an 11th round of military strikes on Iran. The Secretary of State said Iran was \u0022not serious about negotiations.\u0022
Oil prices jumped on the renewed risk backdrop. Brent climbed to a more than one-month high and briefly topped $95 a barrel, while WTI rose 3% to $86.83.
U.S. equities ended the session lower. The S&P 500 fell 0.2%, the Nasdaq 100 dropped 0.5%, and the Invesco QQQ Trust (QQQ) slid 0.8%. Stock-index futures extended declines after the close as investors shifted attention to upcoming technology earnings.
Several major tech names were under pressure on earnings disappointments and concerns about elevated capital spending. Tesla (TSLA), Alphabet (GOOGL), Reddit (RDDT), Amazon (AMZN) and others fell in after-hours trading. PSKY was also in focus.
