Stocks dipped to start the week as oil prices rose amid ongoing tensions in the Middle East.
U.S. equity futures were flat on Monday evening after a weak trading session, and investors looked ahead to a busy earnings week. Futures on the...
S&P 500 and Nasdaq fell 1.2% and 2.2% as Tesla crashed 15% on earnings miss while Alphabet dropped 7% after raising capex guidance. Alphabet's infrastructure spending commitment combined with crude near $100/bbl signals tightening enterprise capex cycles and margin pressure through H2.
The three major averages posted weekly losses last week.
Investors looked ahead to another busy day of corporate earnings, with several major technology and industrial companies set to report.
Investors are weighing fresh earnings, AI spending concerns and rising oil prices.
The three major averages are heading for weekly losses, led by the tech-heavy Nasdaq Composite.