Airbus Group SEAirbus gained 7% after announcing a €5 billion share buyback.
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.
Airbus Group SEAirbus gained 7% after announcing a €5 billion share buyback.
Randstad NVRandstad shares jumped nearly 14% after revenue beat expectations.
Super Micro Computer IncSuper Micro Computer surged 19.8% after revealing over $60 billion in new orders for Q4.
Alphabet Inc Class CAlphabet shares fell 1.5% amid volatility ahead of its Q2 earnings report, with investors watching for returns on AI investments.
Tesla IncTesla is mentioned as one of the Magnificent Seven reporting earnings after close, but no specific impact is described.