Key facts
- Global stocks advanced Wednesday, with energy shares leading gains.
- Crude oil prices reached a six-week high due to U.S.-Iran tensions.
- U.S. equity futures declined as investors awaited earnings from major technology firms.
- The U.S. dollar weakened against other major currencies.
- Seagate Technology, Bloom Energy, and Teradyne saw notable movements after their earnings reports.
Global stocks advanced on Wednesday, with energy shares leading the gains as crude oil prices climbed to a six-week high amid escalating U.S.-Iran tensions and threats to Middle Eastern shipping routes. Concurrently, U.S. equity futures showed a decline as investors awaited key earnings reports from major technology companies, while the U.S. dollar weakened against other major currencies.
Dow Jones futures remained largely unchanged in early trading, while S&P 500 and Nasdaq futures saw gains. AI-related stocks, including Seagate Technology, Bloom Energy, and Teradyne, were prominent movers following their overnight earnings releases. Investors are now focused on the upcoming earnings reports from tech giants Alphabet, Amazon.com, Meta Platforms, and Microsoft, which are scheduled for release after the market close.