Futures Rise After Blowout ASML Earnings Boost Tech Sentiment

Futures Slide, Oil Jumps After US Attacks Kharg Island Ahead Of Trump's 8pm Iran Deadline US futures reversed earlier gains and oil advanced following reports that Iran's Kharg island was targeted earlier on Tuesday, while the market was largely paralyzed ahead of Trump’s 8pm ET deadline for Iran to agree to a ceasefire or face escalation. As of 8:00am ET, S&P futures are down 0.4%, and Nasdaq futures slide 0.6%. In premarket trading, all Mag7 names are lower even as AVGO (+3% pre-mkt) is bid after a TPU supply pact with...

Savings Rate Highest In 6 Months As Fed's Favorite Inflation Indicator Rises Near 2-Year High The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose o.4% MoM in January (in line with expectations) with YoY rising by 3.1% (as expected), slightly higher than the 3.0% in December... Source Bloomberg That is the highest YoY Core PCE since March 2024. The headline PCE rose 0.3% MoM (as expected) driving prices up 2.8% YoY (down from December's +2.9%...

An Israeli attack in Gaza on Wednesday killed an Al Jazeera reporter, adding to the massive number of journalists the IDF has killed in Gaza and elsewhere in the region since the start of its genocidal campaign in the Palestinian territory. Mohammed Wishah, a correspondent for Al Jazeera Mubasher, was hit by an Israeli drone […]