Global markets are experiencing a significant selloff this morning, driven by escalating geopolitical tensions in the Middle East. US futures are pointing to a sharply lower open as investors shift focus to oil prices and defense-related assets.
Stocks to Watch:
- Exxon Mobil Corporation: In focus as the escalating conflict drives crude oil prices up more than 7%, boosting the energy sector.
- Berkshire Hathaway Inc.: Reported fourth-quarter earnings with a record cash pile, though operating earnings declined.
- Dell Technologies Inc.: Posted strong quarterly earnings, highlighting a $43 billion AI server backlog and a 20% dividend increase.
Looking ahead, market direction will likely be dictated by geopolitical developments and their subsequent impact on oil prices and broader market sentiment.