S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
Stock futures rose after Nvidia reported earnings that surpassed analyst forecasts, leading to a gain of over 4% for the company's shares. This follows a period of subdued market activity where investors weighed inflation concerns and potential rate hikes. Meanwhile, Brent crude fell 2.8% to $87.99 per barrel as the United States increased pressure on Iran. While technology stocks previously dragged down the S&P 500 and Nasdaq, the positive Nvidia results have shifted the immediate momentum for US stock futures.
What changed
Nvidia shares gained over 4% after the company released earnings that beat analyst expectations.
Live updates
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Nvidia earnings beat forecasts as oil prices slide on Iran pressure
Stock futures rose after Nvidia reported earnings that surpassed analyst forecasts, leading to a gain of over 4% for the company's shares. This follows a period of subdued market activity where investors weighed inflation concerns and potential rate hikes. Meanwhile, Brent crude fell 2.8% to $87.99 per barrel as the United States increased pressure on Iran. While technology stocks previously dragged down the S&P 500 and Nasdaq, the positive Nvidia results have shifted the immediate momentum for US stock futures.
Why it matters
High oil prices typically increase operational costs across various industries. Investors are currently balancing these costs against corporate earnings and Federal Reserve interest rate decisions fueled by inflation.
What is confirmed
- Brent crude fell 2.8% to $87.99 per barrel.
- Nvidia earnings surpassed analyst forecasts.
- Nvidia shares gained over 4% following its earnings report.
Still unconfirmed
- Hot inflation is fueling bets for further rate hikes.
- Wall Street indexes were subdued on Wednesday.
What to watch next
- Federal Reserve decisions on interest rates
- Further US sanctions or diplomatic moves regarding Iran
confidence 90%Sources used for this update (4)
- www.ttnews.com — Oil prices decline as U.S. raises pressure on Iran
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks muted ahead of Nvidia results, hot inflation fuels rate-hike bets
- www.thehindubusinessline.com — Sensex today | Stock Market Live: Higher open seen for markets as oil drops
- www.cnbc.com — Stock futures rise as Nvidia shares gain over 4% after earnings: Live updates
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S&P 500 and Nasdaq end down on tech stocks amid Iran sanctions and Nvidia earnings
The S&P 500 and Nasdaq fell due to a decline in technology stocks, as investors weigh the impact of increased Iran sanctions and anticipate Nvidia's earnings report. The Dow Jones Industrial Average rose 140.15 points. US futures and oil prices slipped while Treasurys remained under pressure. The market is also influenced by US-Canada trade tensions and predictions for Kevin Warsh.
Why it matters
The market pressure stems from an 'economic asphyxiation' campaign against Iran and concerns regarding AI spending and potential Canadian tariffs. The recent bond market rout lifted yields and pressured equities. September is historically a weaker month for stocks.
What is confirmed
- The Dow Jones Industrial Average rose 140.15 points, or 0.26 per cent, to 53,417.16.
- Major North American stock indexes closed higher on Tuesday, as technology stocks recovered from a selloff ahead of AI heavyweight Nvidia's results.
- Investors are weighing new trade measures against Canada and Iran, looming Nvidia earnings, and predictions for Kevin Warsh.
Still unconfirmed
- The US' Bessent tells Teheran's trading partners to cut ties.
What to watch next
- Nvidia earnings report
- US-Canada trade tensions
- Iran sanctions impact
confidence 90%Sources used for this update (6)
- finance.yahoo.com — Stock market today: Dow, S&P 500, Nasdaq hold steady as US-Canada trade tensions heat up
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks open higher as tech stocks rebound before Nvidia results, data
- www.theglobeandmail.com — TSX gains as technology shares climb; bank earnings, U.S. tariffs in focus
- www.straitstimes.com — S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- www.smh.com.au — ASX set to rise ahead of inflation numbers; Flight Centre takes Middle East hit
- www.businesstimes.com.sg — US widens Iran sanctions but holds back toughest measures
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S&P 500 and Nasdaq decline amid Iran sanctions and tech volatility
The S&P 500 and Nasdaq fell as technology stocks dragged indices lower. Market pressure stems from an "economic asphyxiation" campaign against Iran announced by Bessent and anticipation of Nvidia earnings. US futures and oil prices also slipped while Treasurys remained under pressure. Investors are currently weighing the impact of increased Iran sanctions alongside broader concerns regarding AI spending and potential Canadian tariffs.
Why it matters
Tech stocks often drive broader market sentiment due to their heavy weighting in the S&P 500 and Nasdaq. Geopolitical instability in the Middle East typically triggers volatility in oil prices and safe-haven assets like Treasurys.
What is confirmed
- The S&P 500 and Nasdaq slipped.
- US futures and oil prices declined.
- Technology stocks dragged the S&P 500 and Nasdaq lower.
- Investors are focusing on Nvidia earnings.
Still unconfirmed
- Treasurys are facing ongoing pressure.
What to watch next
- Nvidia earnings report
- Implementation of new Iran sanctions
- Official updates on Canadian tariffs
confidence 85%Sources used for this update (5)
- Bloomberg.com — US Futures Edge Lower With AI Spending in Focus: Markets Wrap
- Investor's Business Daily — Futures Waver; Nvidia, Canada Tariffs In Focus
- AP News — US futures and oil prices slip with pressure on Treasurys ongoing
- Yahoo Finance — Stock market today: S&P 500, Nasdaq slip as Bessent announces 'economic asphyxiation' campaign against Iran
- Reuters — Tech drags S&P 500, Nasdaq lower as more Iran sanctions, Nvidia earnings loom