Dow Closes Down 6 Points as Investors Await Tech Earnings and Monitor Middle East

MacroCommodity
โดย HoonSmart·Read original
Summary · why it matters

US stocks closed slightly lower, with the Dow falling 6.06 points to 52,218.58, the Nasdaq dropping 146.30 points to 25,690.90, and the S&P 500 declining 10.24 points to 7,498.96. Investors are awaiting earnings reports from major technology companies, including Alphabet and Tesla, the first two of the Magnificent Seven to report second-quarter results after the market close, watching for signs of returns on massive artificial intelligence investments. Alphabet shares closed down 1.5% amid volatility, while Super Micro Computer surged 19.8% after revealing over 60 billion dollars in new orders for the fourth quarter. Meanwhile, tensions in the Middle East pushed WTI crude up 2.95% to 86.83 dollars per barrel and North Sea Brent up 3.36% to 94.07 dollars per barrel, a six-week high, fueling inflation concerns and the likelihood of a Fed rate hike, with traders pricing in a 66% chance of a hold at next week's meeting. European stocks closed higher, with the STOXX 600 index rising 0.58% to 646.93 points, supported by energy and defense stocks. Randstad shares jumped nearly 14% after revenue beat expectations, while Airbus gained 7% after announcing a 5 billion euro share buyback.

Impact on stocks 5

Industrials · 2 stocks
Airbus Group SE
AIR
▲ PositiveCapitalrelevance

Airbus gained 7% after announcing a €5 billion share buyback.

Randstad NV
RAND
▲ PositiveCapitalrelevance

Randstad shares jumped nearly 14% after revenue beat expectations.

Artificial Intelligence± Mixed · 2 stocks
Alphabet Inc Class C
GOOG
▼ NegativeCapitalrelevance

Alphabet shares fell 1.5% amid volatility ahead of its Q2 earnings report, with investors watching for returns on AI investments.

Electrification & Mobility · 1 stocks
Tesla Inc
TSLA
± MixedCapitalrelevance

Tesla is mentioned as one of the Magnificent Seven reporting earnings after close, but no specific impact is described.