AI Jitters, Oil, France Turmoil Damp Wall Street Pre-Bell; Asia, Europe Off

MT Newswires Live
10/20

Wall Street futures pointed unevenly lower pre-bell Tuesday as AI-related concerns again pressured investor sentiments, alongside higher crude prices and sustained civil unrest in France.

In the futures, the S&P 500 fell 0.1%, the Nasdaq declined 0.6%, but the Dow Jones was up 0.1%.

Shares in neocloud operator CoreWeave (CRWV), considered something of a bellwether for the sector, traded down nearly 5% pre-bell, on renewed concerns regarding the company's debt-load.

The VanEck Semiconductor fund (SMH) traded down 1.4% pre-bell.

West Texas Intermediate crude oil traded 2% higher at $100.61, and 10-year US Treasuries offered 5.12%, in morning action.

Asian exchanges traded mostly lower overnight in a tech slide, with Seoul's semiconductor-laden KOSPI index falling back 3.7%.

European bourses tracked moderately lower midday on the continent, as turmoil on France's streets and storefronts persisted.

GE Aerospace (GE) traded up 1.9% pre-bell after the defense contractor posted Q3 earnings, revenue and guidance above expectations, in pre-market release.

In the earnings scene, Space Exploration Technologies (SPCX) and Netflix (NFLX) are slated to report earnings after-bell.

On the economic calendar is the housing starts and permits report at 8:30 am ET, followed by the pending home sales index, both for September, at 10 am.

In pre-market action, Bitcoin traded at $81,455 and spot gold commanded $4,141 an ounce.

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