European Shares Fall as Oil Rises; AI Earnings in Focus
European shares fell and U.S. stocks were set for a lower open as crude oil prices rose, while investors awaited results from AI companies later in the week.
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US Stock Futures Mixed as Dow Rises and Nasdaq 100 Falls
U.S. stock futures swung between gains and losses Tuesday, with the Dow Jones up 0.19%; the report says the S&P 500 and Nasdaq 100 fell. It also cites an Iranian official’s threat to target undersea communication cables in the Strait of Hormuz.
Analysts lift targets for Porsche, Volvo, Continental
Jefferies kept Porsche at hold with a 49 euro target after investor-event remarks on margins and cash returns. UBS raised Volvo to buy and Bernstein upgraded Continental to outperform, while shares in the sector were mixed.
Crude Oil Rises Sharply; Forgent Power Solutions Shares Jump After Q4 Results
U.S. stocks traded lower midway through trading, with the Dow Jones index dropping more than 350 points on Tuesday. The Dow traded down 0.71% to 52,051.45 while the NASDAQ declined 0.67% to 26,010.20. The S&P 500 also fell, dropping, 0.42% to 7,588.35. Leading and Lagging Sectors Energy shares jumped by 1.4% on Tuesday