Shares down again as oil stays high; AI earnings in focus
SPY•European shares fell and US stock futures pointed lower as Brent crude rose above $111 a barrel, while investors focused on upcoming earnings from AI companies.
1. Markets fall as oil rises
The pan-European STOXX 600 fell 0.7% on Tuesday after dropping close to 1% on Monday, while US stocks were set for a lower opening. Brent crude rose above $111 a barrel, reaching a five-month high. Nasdaq futures slipped 0.7%.
2. Earnings draw investor focus
Investors are looking for signs that consumers and the broader economy remain resilient, and that spending on AI is paying off. Quarterly results from SpaceX and Netflix were due after US markets closed, with Meta and Tesla results scheduled later in the week.
