US Stock Futures Fall on AI Concerns, Rising Oil Prices
US stock futures fell on Thursday, with S&P 500 futures down 0.9%, Nasdaq 100 futures losing 1.6% and Dow Jones futures declining nearly 110 points. Technology stocks remained under pressure as corporate earnings failed to impress investors, while the rotation away from semiconductor stocks looked set to continue. Meanwhile, oil prices climbed amid renewed supply risks and escalating geopolitical tensions. Meta slipped 0.6% despite reporting higher earnings and revenue, while Tesla fell 3.2% after scaling back its spending plans, as capital investment in the previous quarter came in below expectations. Lam Research tumbled more than 7% after issuing a disappointing outlook. Nvidia dropped 2%, while IBM lost 4.2%. In addition, Honeywell fell 2.1% despite raising its full-year outlook. In contrast, Lockheed Martin gained 2.6% after beating on earnings and revenue
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US stock futures fell on Thursday, with S&P 500 futures down 0.9%, Nasdaq 100 futures losing 1.6% and Dow Jones futures declining nearly 110 points. Technology stocks remained under pressure as corporate earnings failed to impress investors, while the rotation away from semiconductor stocks looked set to continue. Meanwhile, oil prices climbed amid renewed supply risks and escalating geopolitical tensions. Meta slipped 0.6% despite reporting higher earnings and revenue, while Tesla fell 3.2% after scaling back its spending plans, as capital investment in the previous quarter came in below expectations.
Lam Research tumbled more than 7% after issuing a disappointing outlook. Nvidia dropped 2%, while IBM lost 4.2%. In addition, Honeywell fell 2.1% despite raising its full-year outlook. In contrast, Lockheed Martin gained 2.6% after beating on earnings and revenue