US markets are mixed today as investors weigh fresh Middle East geopolitical tensions against robust corporate earnings.
Wall Street Snapshot
- Dow Jones Industrial Average: Climbed 0.4%
- S&P 500: Little changed, hovering near record highs
- Nasdaq: Little changed, as a pullback in chip producers offset strong tech earnings
- After-Hours Mover: Cloud-data firm Snowflake surged 37.5% after posting better-than-expected earnings and announcing a $6 billion AWS spend over five years.
Commodities & Global Market Moves
- Oil Spike: Brent crude jumped roughly 2.6% to over $96 a barrel following fresh US airstrikes on Iranian military sites, stoking inflation and interest rate concerns.
- Gold: Dropped 1.9% to $4,370 an ounce.
- Asia-Pacific: The S&P/ASX 200 slumped 1.4%, heavily dragged down by falling gold stocks and banks in response to the US-Iran flare-up.
- Europe: Markets tracked lower across the board on Mideast escalation anxieties.
Key Catalysts
Markets are caught between an AI-fueled tech rally and the threat of oil-driven inflation deepening stagflation impacts. Upcoming US PCE inflation data is expected to guide the Federal Reserve's next interest rate decisions.