Stock Futures Rebound as Oil Drops 2% and Nvidia Earnings Loom
Updated
Updated · CNBC · May 19
Stock Futures Rebound as Oil Drops 2% and Nvidia Earnings Loom
10 articles · Updated · CNBC · May 19
S&P 500 futures rose 0.4%, Nasdaq-100 futures gained 0.8% and Dow futures added 75 points Wednesday after all three had traded lower earlier.
WTI crude fell 1.9% to $102.14 a barrel and Brent slipped 2% to $109.03, easing some pressure from the U.S.-Iran war and helping sentiment recover.
Nvidia's first-quarter results, due after the close, are the market's next test for AI spending after Goldman Sachs said the chipmaker has driven about 20% of the S&P 500's gains this year.
Treasury yields also cooled after Tuesday's spike, with the 10-year yield down 2 basis points; investors still face Fed minutes at 2 p.m. ET after three straight losses for the S&P 500 and Nasdaq.
Bond yields are surging and stocks are falling. Where are smart investors moving their money to survive this financial storm?
Is this bond market chaos a temporary scare, or a final warning sign of a much deeper global economic crisis?
With central banks hoarding gold, is the dollar's 50-year reign as the top global currency nearing an unexpected end?