Nasdaq futures dip as oil prices climb, earnings loom
SPY•Nasdaq 100 futures fell 0.5% as oil prices rose, with Brent up 1.7% to around $111 a barrel. Dow futures gained 0.22%, while S&P 500 futures slipped 0.09%, as investors awaited major technology-company earnings.
1. Futures diverge
Nasdaq 100 futures slipped 0.5% on Tuesday, pressured by renewed weakness in AI-linked stocks and higher oil prices. CoreWeave fell 3.1% and Nebius Group lost 2.9% in premarket trading, while Apple fell 1% and Nvidia edged lower.
2. Oil and earnings in focus
Brent crude rose 1.7% to around $111 a barrel, near a five-month high, as traders priced in geopolitical risk. Investors were watching this week's earnings for signs of whether technology companies can maintain growth; Meta Platforms and Tesla were scheduled to report on Wednesday.
