Nasdaq 100 Futures Drop 0.7% as AI Earnings Doubts Offset TSMC Beat
Updated
Updated · Bloomberg · Jul 16
Nasdaq 100 Futures Drop 0.7% as AI Earnings Doubts Offset TSMC Beat
3 articles · Updated · Bloomberg · Jul 16
Summary
Nasdaq 100 contracts fell 0.7% and S&P 500 futures slipped 0.2% as traders pulled back from the AI-driven rally despite Taiwan Semiconductor’s upbeat results.
TSMC posted a strong earnings beat and raised its sales outlook, but the update failed to spark fresh gains in the chip sector that has powered much of this year’s advance.
Europe’s Stoxx 600 lost 0.5%, showing the caution extended beyond Wall Street as uncertainty around the Middle East added to pressure across asset classes.
The move marks a deeper dip than earlier in the session, when Wall Street futures were near flat and investors were already weighing earnings strength against geopolitical and macro risks.