IBM Shares Fall 5% in Premarket Trading
IBM shares declined 5% in premarket trading as investors weighed the company's previous weak financial results.
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U.S. Stock Futures Rise as Bessent Attributes September Inflation to Energy Shock
U.S. stock futures rose Monday, with the Dow, S&P 500 and Nasdaq 100 higher. Treasury Secretary Scott Bessent said September’s hotter inflation reading reflects an “energy shock” and argued prices would ease after the Iran conflict.
Nasdaq falls on AI revenue fears, oil gains
The Nasdaq composite fell 1.3% in a mixed session as AI-related shares slid after reports of lower-than-expected OpenAI revenue. Oil prices rose after President Donald Trump's remarks on the Middle East war, while Federal Reserve Gov. Christopher Waller said additional rate hikes may be needed.