US Futures Stall as AI Optimism Fades Ahead of Fed - Europe Market Wrap
US equity futures wavered on Tuesday as the burst of enthusiasm that followed Anthropic’s IPO filing lost momentum and traders turned to a busy earnings slate, the upcoming Fed policy decision and simmering Middle East tensions. Contracts on the Nasdaq 100 and S&P 500 were flat after Monday’s strong gains, which were driven mainly by tech fundraising. Meta is seeking to raise as much as $97.5B from selling common and preferred stock, while Broadcom arranged a $63B deal to finance chip purchases and SpaceX signed a roughly $40B equipment-finance lease. Anthropic’s offering will be a key test of investor appetite for AI companies, after concerns over stretched valuations and heavy spending triggered a rout in chip stocks. In commodities, Brent erased all its losses to trade above $116 a barrel. Oil had declined earlier as senior officials from several countries traveled to Tehran in a bid to revive talks aimed at preventing a broader escalation in the Middle East. Israel’s election on Wednesday, its first since the 2023 Hamas attack that triggered wars in Gaza, Lebanon and Iran, is adding to regional tensions. Attention now turns to results from Alphabet, Microsoft and Amazon later t
US equity futures wavered on Tuesday as the burst of enthusiasm that followed Anthropic’s IPO filing lost momentum and traders turned to a busy earnings slate, the upcoming Fed policy decision and simmering Middle East tensions. Contracts on the Nasdaq 100 and S&P 500 were flat after Monday’s strong gains, which were driven mainly by tech fundraising. Meta is seeking to raise as much as $97.5B from selling common and preferred stock, while Broadcom arranged a $63B deal to finance chip purchases and SpaceX signed a roughly $40B equipment-finance lease.
Anthropic’s offering will be a key test of investor appetite for AI companies, after concerns over stretched valuations and heavy spending triggered a rout in chip stocks. In commodities, Brent erased all its losses to trade above $116 a barrel. Oil had declined earlier as senior officials from several countries traveled to Tehran in a bid to revive talks aimed at preventing a broader escalation in the Middle East. Israel’s election on Wednesday, its first since the 2023 Hamas attack that triggered wars in Gaza, Lebanon and Iran, is adding to regional tensions.
Attention now turns to results from Alphabet, Microsoft and Amazon later this week, as well as the Fed’s rate decision on Wednesday.