US stocks fall amid oil gain and earnings misses
The US stocks declined significantly, with the Dow Jones falling by 1%, the S&P 500 decreasing by 1.2%, and the Nasdaq dropping by 2.2%, after major companies like Alphabet and Tesla announced disappointing earnings results. This came amid rising oil prices following Houthi attacks on two Saudi oil tankers in the Red Sea and escalating tensions in the Middle East, with American threats to strike Iran. Brent crude oil prices surged by 7%, reaching $100.69 per barrel, while the yield on 10-year US Treasury bonds increased to over 4.7%. Alphabet also announced an increase in its capital expenditure forecast for 2026 to between $195 billion and $205 billion, raising investor concerns about the high spending on artificial intelligence technology. Meanwhile, Tesla's shares fell by 14% after quarterly results that exceeded expectations in a negative context, amid ongoing financial pressures on both companies.
Notice: This Is an AI-Generated Summary
Comments (0)