U.S. futures are pointing to a higher open, though markets are on edge due to escalating Middle East tensions. The renewed conflict has pushed Brent crude oil above $91 a barrel and triggered a sell-off in semiconductor stocks.
Stocks to Watch:
- Netflix, Inc.: Shares plunged after its third-quarter forecast and slowing sales growth missed expectations.
- NVIDIA Corporation: The semiconductor leader faced a significant sell-off amid broader concerns about high valuations in the artificial intelligence sector.
- Alphabet Inc.: Shares declined following reports of a delayed launch for its crucial Gemini 3.5 Pro AI model.
- Tesla, Inc.: Investors are keenly awaiting the company's Q2 earnings on July 22nd, with analysts expecting strong revenue and profit growth.
Looking ahead, traders will be closely monitoring geopolitical developments and their impact on oil prices, alongside Canada's CPI report and the U.S. Leading Index for June.