Nasdaq futures slip while Dow and S&P 500 futures inch up as earnings roll on

MacroGeopolitics

โดย Dow Jones·

Summary · why it matters

US stock futures barely budged on Thursday morning as investors absorbed a wall of earnings reports, prospects of an imminent Strait of Hormuz deal, and fresh labor market data, with the Dow trading at a record high. Futures on the Dow Jones Industrial Average rose 0.2% after the blue-chip index extended its record-breaking win streak, while futures on the S&P 500 gained 0.1% and contracts for the Nasdaq-100 dipped 0.1%. Investors remain hyper-focused on AI capital requirements and monetization, with punishing earnings reactions for some AI highfliers such as AMD, Sandisk, and Western Digital. SpaceX stock remains near all-time lows as a lockup period expires on Thursday, potentially putting pressure on the stock should insiders sell their shares, while Nvidia stock rose over 3% on Wednesday after SpaceX said it would exclusively use Nvidia chips. Geopolitical uncertainty continues to hang over markets, helping to send gold prices to multiweek highs, and oil prices steadied near $80 per barrel after Iran said it had reached an agreement with Oman for a temporary shipping route through the Strait of Hormuz. In economic data, markets are set to get a Challenger, Gray & Christmas report on layoffs and initial jobless claims on Thursday, setting the stage for Friday's July employment report.