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S&P 500, Nasdaq, and Dow futures dropped as markets tracked the threat of a Strait of Hormuz closure alongside incoming Magnificent 7 earnings. A Hormuz shutdown would spike oil prices globally, while tech results will test whether mega-cap valuations hold. Both risks landing in the same week raises the stakes for
Tesla and Apple led the Magnificent 7 technology stocks lower while TSMC signaled strong artificial intelligence demand, splitting the cohort along AI-exposure lines. TSMC's outlook matters as the primary foundry for AI chips used by Nvidia and major cloud operators. Upcoming earnings from chip designers and hyperscale
Tag
S&P 500, Nasdaq, and Dow futures dropped as markets tracked the threat of a Strait of Hormuz closure alongside incoming Magnificent 7 earnings. A Hormuz shutdown would spike oil prices globally, while tech results will test whether mega-cap valuations hold. Both risks landing in the same week raises the stakes for
2mo ago · 1 min · Markets
Tesla and Apple led the Magnificent 7 technology stocks lower while TSMC signaled strong artificial intelligence demand, splitting the cohort along AI-exposure lines. TSMC's outlook matters as the primary foundry for AI chips used by Nvidia and major cloud operators. Upcoming earnings from chip designers and hyperscale
2mo ago · 1 min · Markets
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