U.S. stock futures are pointing to a lower open as escalating geopolitical tensions in the Middle East drive oil prices higher, renewing inflation concerns. [4, 6, 8] Additionally, disappointing quarterly results and concerns over high AI-related spending from tech giants Alphabet and Tesla are weighing on market sentiment. [5, 7, 8] Both companies' shares fell significantly in pre-market trading after their earnings announcements.
Broad Market Declines on Geopolitical Tensions and Big Tech Earnings