From BigGo Finance · BigGo Finance · · 1m
US Stock Futures Waver as Oil Jumps on Middle East Strikes
Oil prices surge after Middle East attacks as AI debt fears push stocks lower.
In brief
Oil prices surge after Middle East attacks as AI debt fears push stocks lower. US stock futures dropped as oil prices rose 1.37% due to Middle East strikes and AI debt concerns. Originally reported by BigGo Finance.
US Stock Futures Waver
US stock futures mixed to lower early Tuesday as Brent crude rose 1.37% to $111.05 a barrel and WTI gained 2.82% to $106.58.
Middle East Strikes Escalate
Houthis escalated attacks on Saudi Arabia, driving oil prices up and regional supply routes at risk.
AI Debt Fears Resurface
AI-linked shares retreated as debt used for infrastructure buildouts and stretched valuations raised concerns.
CoreWeave Slides
CoreWeave dropped 5% premarket after a 25% drop last week despite Goldman Sachs' buy rating.
Chipmakers Weaker
Micron, SanDisk, Intel and Qualcomm fell before the bell as AI debt fears intensified.
General Motors Slides
General Motors dropped 8% despite beating estimates and announcing a $20 billion buyback.
In short
US stock futures dropped as oil prices rose 1.37% due to Middle East strikes and AI debt concerns.
