Live Markets-Chips jolted as momentum shifts in AI
SOXX•Big tech earnings and rate expectations in focus
Earnings at Apple, Meta META.O, Microsoft MSFT.O and Amazon AMZN.O later this week will round out the picture on hyperscaler spending plans.
Tumbling oil prices, meanwhile, were little salve for stocks or even for bonds, which held steady through Tuesday's Asia session even as crude futures extended losses.
Markets see a roughly 38% chance of a U.S. rate hike this week.
Key developments that could influence markets on Tuesday:
- Economics: France consumer confidence, U.S. consumer confidence
- Earnings: Mercedes-Benz, Barclays, Man Group, EssilorLuxottica, Logitech, Rio Tinto, Kering, Ford, Mondelez, Visa, NXP, Seagate, Coca-cola, UPS, Boeing
