Stock Futures China Trade Earnings
Here’s a summary of the financial news from the provided text:
Market Performance:
* Yesterday: Nasdaq down 0.9%,Dow Jones down 0.7%, S&P 500 down 0.5%.
* Wednesday: Indexes fell due to reports of potential U.S. export curbs to China.
* Thursday: 10-year Treasury yield rose to 3.99%.
Commodities:
* Crude Oil: West Texas Intermediate futures soared over 5% to $61.75/barrel due to new sanctions on Russian oil companies (Lukoil & Rosneft).
* Gold: Futures rose 1.6% to $4,130/ounce, recovering from a significant drop on Wednesday (worst day in 12 years).
Cryptocurrency:
* Bitcoin: Traded at $109,300,up from a low of $116,800 earlier in the day.
Currency:
* U.S. Dollar Index: Edged higher to 99.05.
Corporate News:
* IBM (IBM): Shares down 7% in premarket trading after disappointing quarterly results.
* Tesla (TSLA): Shares down 3.5% in premarket trading after disappointing quarterly results.
* Intel (INTC): (The text is cut off here, but it indicates Intel also had news related to its results).
Upcoming Event:
* Friday’s CPI inflation report is being closely monitored by investors.
Vital Note: There appears to be an error in the text regarding the price of gold.$4,130/ounce is extremely high and likely a typo. Also, the link for Tesla is pointing to Amazon (AMZN) rather of Tesla (TSLA).
