Nasdaq futures drop 150 points as oil spikes and Asian tech weakens

invezz.com (Dutch) —

U.S. stock futures were mixed Tuesday as rising oil prices and weak Asian tech shares threatened Wall Street's recovery, with Nasdaq 100 futures falling 150 points (0.5%) and S&P 500 futures down 0.13%, while Dow futures gained 0.19%. Brent crude neared $111 per barrel after reported attacks near the Gulf, adding inflation concerns. General Motors beat earnings expectations with $50 billion in revenue and announced a $20 billion buyback, while GE Aerospace raised its profit outlook. Asian markets fell sharply, with South Korea's KOSPI down 3.7% after AI firm Elice dropped 32% on debut. U.S. housing starts data for September is due Tuesday, with forecasts around 1.31 million units. The Federal Reserve meets October 27-28, and weak housing figures could complicate its inflation fight.


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Nasdaq futures drop 150 points as oil spikes and Asian tech weakens | News Minimalist