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19.02.26 - 16:06
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Futures Slide As Iran War Risks Add To Growing AI Disruption Fears; Oil Surges (ZeroHedge)
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Futures Slide As Iran War Risks Add To Growing AI Disruption Fears; Oil Surges
Equity futures and global markets are lower, ending a modest rebound in US stocks as concerns about a possible war with US and simmering angst over AI dent the fragile optimism seen on Wednesday. Oil extended its rally after its best day since 2021. Tech and small caps underperform which to JPMorgan's market intel desk "feels more like profit-taking and position squaring as US / Iran tensions spike with Trump saying a deal is preferred but that a strike may occur as soon as this weekend." As of 8:00am ET, S&P futures are down 0.2%, erasing an overnight gain, while Nasdaq futures drop 0.3%, with premarket weakness across all sectors ex-Energy and Aerospace/Def and tech came under renewed pressure; most Mag 7 members dropped in premarket trading. Futures dropped after the head of the UN nuclear watchdog warned that Iran's window for diplomacy is at risk of closing. As for AI, IG's chief market analy...
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18.02.26 - 15:12
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Global "Everything Rally" Pushes US Futures HIgher As "AI Disruption" Fears Fade (ZeroHedge)
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Global "Everything Rally" Pushes US Futures HIgher As "AI Disruption" Fears Fade
US equity futures trade near session highs, after rising much of the overnight session amid muted volumes. Yesterday, US stocks recovered their early losses starting just after the EU close and that momentum has carried through to global markets today with what appears to be re-grossing in EU and continued momentum in the Japan trade. As of 8:15am ET, S&P futures are 0.4% while Nasdaq 100 contracts rise 0.5% with broad premarket gains across software names and tech heavyweights. Mag7 names are mostly higher (NVDA +1.8%, AMZN +1.4%) and most sectors are higher pointing to what JPMorgan calls an "Everything Rally" today as the market tries to find a bottom and was less reactive to AI headlines yesterday than we have seen most of the year. Europe's Stoxx 600 hit a record high following a slate of positive earnings. Bond yields are +1-2bp with a USD that has caught a bid. In co...
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