Global markets are trading with a risk-off sentiment as rising tensions in Iran push oil prices higher and elevate volatility. US futures point to a significantly lower open, following sell-offs in European and Asian markets.
Stocks to Watch: - Target Corporation reports earnings pre-market, with analysts expecting a decrease in EPS, impacting the retail sector. - NVIDIA Corporation is in focus after being reinstated as a top semiconductor pick by Morgan Stanley for its AI market dominance. - Palantir Technologies Inc. saw a significant jump yesterday on strong AI demand and a new $1 billion government contract. - The Progressive Corporation holds its earnings conference call today, offering key insights into the insurance sector.
Looking ahead, traders will be closely monitoring geopolitical developments and their impact on energy markets, along with upcoming inflation data from the Eurozone.