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  • 6 weeks ago
U.S. stock futures were lower on Wednesday, as the Dow Jones, S&P 500 and Nasdaq 100 futures dropped following Tuesday’s lower close.

Brent crude surged toward $100 per barrel following military exchanges in the Middle East. Escalating supply disruption fears intensified after CENTCOM destroyed five Iranian oil tankers in response to attacks on U.S. naval vessels and Houthi strikes targeted Saudi energy facilities.

Treasury Secretary Scott Bessent warned that the U.S. “can’t pause” its artificial intelligence race with China, stressing that “if they were to pull ahead of us on AI, then nothing else matters.” However, while defending the infrastructure buildout, Bessent gave tech companies a “D-minus” for their community outreach, cautioning that a growing local backlash threatens the nation’s technological edge.

Meanwhile, the 10-year Treasury bond yielded 4.8%, and the two-year bond was at 4.4%. The CME Group’s FedWatch tool projections show markets pricing in a 60.4% likelihood of the Federal Reserve hiking interest rates at its September meeting.

The SPDR S&P 500 ETF Trust(NYSE: SPY) and Invesco QQQ Trust ETF(NASDAQ: QQQ), which track the S&P 500 and Nasdaq 100, respectively, were lower on Wednesday. The SPY was down 0.42% at $762.75, while the QQQ declined by 0.59% to $714.16.

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00:08all right we're looking at red arrows in the indices here ahead of wednesday mornings open
00:15s p futures down at the lows down 0.41 and literally at the lows it's actually tried to
00:22bounce off of the lows several times here in the pre-market but unsuccessful as we move back down
00:27to the lower end of the range so we'll keep an eye on that as we go into the open
00:31dow futures also down
00:320.69 also at their lows and the nasdaq down 0.6 also at its lows and meanwhile oil is
00:41higher here
00:41today by another 2.77 as the conflict in the middle east continues all right let's take a look at
00:50some
00:50cues from last session as well as what we have on deck for you here today health care financials and
00:57material stocks led the losses as most s p 500 sectors closed lower on tuesday though energy
01:03and utilities bucked the trend to finish higher u.s stock futures were mixed on wednesday as the
01:08dow jones and s p fell while the nasdaq edged up following tuesday's lower close that's now in
01:13the negative two brent crude surged towards 100 per barrel following military exchanges in the middle
01:19east escalating supply disruption fears intensified after centcom destroyed five iranian oil tankers in
01:26response to attacks on u.s naval vessels and houthi strikes targeted saudi energy facilities
01:32treasury secretary scott besant warned that the u.s quote can't pause end quote its artificial
01:39intelligence race with china stressing that quote if they were to pull ahead of us on ai then nothing
01:45else matters end quote however while defending the infrastructure build out besant gave tech companies
01:51a d-minus for their community outreach cautioning that a growing local backlash threatens the nation's
01:58technological edge meanwhile the 10-year treasury bond yielded 4.8 percent and the two-year bond was
02:04at 4.4 percent the cme group's fed watch tool projections show the market's pricing in a 60.4
02:09likelihood of the federal reserve hiking interest rates at its september meeting which is next week
02:15we've got several stocks in focus here for you today let's cover those get you ready for the
02:20trading day the first one here is going to be mission produce the ticker is avo and it rose 5
02:27.52
02:28percent in the pre-market on wednesday after posting better than expected third quarter results
02:32reported quarterly earnings of 18 cents per share and quarterly sales of 450 million both of which
02:38beat estimates the next stock on our list is the one that was asked about already this is
02:43casey's general stores ticker c-a-s-y and it dropped 8.52 percent in the pre-market despite
02:51posting upbeat first quarter results the next stock on our list is going to be service titan and this
02:57thing got smoked service titan plunged 16.94 percent in the pre-market despite a double beat ceo ara
03:05madassian confirmed delaying its push into new commercial trades and residential exteriors to fund its max
03:12platform a shift cfo dave sherry pegged as a four to five million dollar near-term revenue edwin
03:22the next stock on our list is going to be rocket lab the ticker is rklb and it rose 4
03:27.89 percent in
03:28the pre-market after it announced a next generation product for space applications the inverted metamorphic
03:34apex solar cell the cell delivers a 31.5 percent beginning of life conversion efficiency and 40 percent
03:40lower mass than the prior version the next stock on our list is going to be american eagle outfitters
03:48the sydney sweeney stock the ticker is aeo and it rose 0.64 percent in the pre-market as analysts
03:55expect it to post quarterly earnings of 22 cents per share on revenue of 1.37 billion after the closing
04:02bell
04:02today
04:03today

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