Stock market today: Dow, S&P 500, Nasdaq futures edge up as oil turns lower in wait for Big Tech earnings - Yahoo Finance
US stock markets dipped as investors await Big Tech earnings and monitor escalating tensions between the US and Iran. Oil prices remain volatile following regional conflicts in the Middle East.
Why it matters
Geopolitical instability in the Middle East is directly impacting global energy markets and investor sentiment regarding tech sector growth.
US stocks dipped on Monday, with chip stocks trimming gains ahead of Big Tech earnings this week, while oil prices were volatile after touching $90 a barrel amid tit-for-tat attacks between the US and Iran over the weekend.The Dow Jones Industrial Average (^DJI) fell 0.6%, while the S&P 500 (^GSPC) fell about 0.2%. The tech-heavy Nasdaq Composite (^IXIC) edged just below the flat line to follow a volatile week that saw semiconductor stocks post losses.The market is looking for the next catalyst for the artificial intelligence trade after a series of sector rotations in recent weeks.
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