Tech Futures Tumble As Alphabet Plunges, Small Caps Rise Ahead Of PCE, ECB
Summary
Tech Futures Tumble As Alphabet Plunges, Small Caps Rise Ahead Of PCE, ECB US futures are lower, with Nasdaq contracts sliding as Alphabet's ugly search miss revived the "is AI capex paying off" debate, while Microsoft's Azure beat and lighter capex, a roughly 1% drop in oil on fresh US-Iran diplomacy chatter and…
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Neutral
US futures declined, with Nasdaq contracts falling as Alphabet reported a search miss, while Microsoft reported an Azure beat and lower capital expenditures. Oil prices dropped by approximately 1% amid reports of new US-Iran diplomatic discussions, and Christine Lagarde announced she will leave the ECB nine months early. Small caps outperformed, and the 10-year yield remained near 5%.
Global South
Markets reacted to reports of fresh US-Iran diplomacy, which coincided with a roughly 1% drop in oil prices. This development occurred alongside broader economic indicators, including a 10Y yield hovering around 5% and mixed corporate earnings.
Actors involved
Sources
- Tyler DurdenBy Tyler Durden
Tech Futures Tumble As Alphabet Plunges, Small Caps Rise Ahead Of PCE, ECB US futures are lower, with Nasdaq contracts sliding as Alphabet's ugly search miss revived the "is AI capex paying off" debate, while Microsoft's Azure beat and lighter capex, a roughly 1% dro…
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