Stock Market Daily ·
Semis surge 5.2% as Wall Street braces for Big Tech earnings and $92 oil
U.S. stocks ended sharply higher Tuesday on a 5.2% semiconductor rebound, but futures slipped overnight as oil hit a five-week high above $92 amid fresh US-Iran strikes. The market's fate now hinges on the make-or-break earnings reports from Alphabet and Tesla, set to define the inflection point for the AI trade and the broader economy.
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Wall Street scores second day of gains as chip giants lead the way The S&P 500 climbed 0.89% and the Nasdaq jumped 1.29%, powered by a 5.2% surge in semiconductor stocks as investors bought back into the sector ahead of Big Tech earnings. The Dow rose 385 points, with 3M providing a lift after lifting its full-year outlook. 123456
Oil tops $92 as U.S. strikes Iran for 11th straight night Brent crude jumped to a five-week high as the U.S.-Iran conflict worsened, with the U.S. military striking Iranian targets. The rally is tempering AI-driven optimism and injecting fresh uncertainty into the earnings outlook for airlines and consumer goods. 7
Tesla, Alphabet earnings are the defining test of the AI comeback Tesla reports after the bell Wednesday on record Q2 deliveries but razor-thin margins. Alphabet faces intense scrutiny on AI monetization and cloud competitiveness. "The numbers are going to be really good, but the stocks are priced for perfection," one strategist warned. 18910
3M raises outlook, Alaska Air hit by fuel spike in mixed earnings day 3M lifted its full-year guidance after a strong quarter, giving the Dow a boost. Alaska Air swung to a loss as jet fuel costs surged, exposing the economic damage from the Middle East crisis. Regional lender KeyCorp bucked the trend with a 26% profit jump. 111213
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