Brent crude falls to $114.30 (-2.1%), giving the S&P 500 ($SPX at 7,634) some breathing room as Big Tech week gets underway.
After the scare of $116 a barrel, Wall Street's attention is shifting to quarterly earnings, led by Alphabet ($GOOGL).
On Wall Street:
- Relief in commodities: Brent crude is down 2.1% to $114.30 (WTI at $101), temporarily easing pressure on Fed rate expectations.
- Technical support for $SPX : The index is holding the 7,600–7,620 range, trading at 7,634 (+0.13%) in pre-market trading.
- Focus on Alphabet ($GOOGLB ): Shares are trading at $320.21 ahead of its earnings report, as the market assesses the profitability of its cloud business and the return on its AI investment.
Will the respite in oil prices be enough for $SPX to break above 7,650, or will caution ahead of earnings weigh on the market? 📈
#SouthKoreaReportedlyWeighsFourthCryptoTaxDelay
After the scare of $116 a barrel, Wall Street's attention is shifting to quarterly earnings, led by Alphabet ($GOOGL).
On Wall Street:
- Relief in commodities: Brent crude is down 2.1% to $114.30 (WTI at $101), temporarily easing pressure on Fed rate expectations.
- Technical support for $SPX : The index is holding the 7,600–7,620 range, trading at 7,634 (+0.13%) in pre-market trading.
- Focus on Alphabet ($GOOGLB ): Shares are trading at $320.21 ahead of its earnings report, as the market assesses the profitability of its cloud business and the return on its AI investment.
Will the respite in oil prices be enough for $SPX to break above 7,650, or will caution ahead of earnings weigh on the market? 📈
#SouthKoreaReportedlyWeighsFourthCryptoTaxDelay
